Roth or 401k Which to Max out First? This is an excellent question, which to max out first, a 401K or a Roth IRA? The easy answer, max out both the 401K and the Roth IRA! You can’t go wrong saving and investing as much as you possibly can now.
Many retirees await the day they can say, “I have enough.” But the reality of having enough money to retire
Retirement planning is a big part of your financial preparation and strategy. Your 401(k) is one of the best retirement
Retirement Planning Action Tips for Today You’ve hit the big 5-0 and the reality that you’re not going to work forever sinks in. If you’re like most Americans, your retirement account is on the lean side. A recent Economic Policy Institute article reports that for households between 50 and 55, the average savings balance is $124,831. Yet, all is not lost and at age 50, there’s still a solid 15+ years to go before retirement. With targeted planning, you’ve got time to craft a successful retire…
Are you wondering how much money you need to hire a financial advisor? In this article, you’ll find the answer! Learn from the author’s personal experience with a stockbroker in the 1980s and the conflict of interest involved. Discover the different situations that might call for hiring a financial planner, whether you’re getting married, retiring, or experiencing a financial windfall. Explore the various types of financial planners and their costs, including free or low-fee robo-advisors. An…
FIRE is popular among millennials – and older adults too. Inspired by the classic book, “Your Money or Your Life,” by Vicki Robin and Joe Dominguez, FIRE is an acronym – Financial Independence, Retire Early. Thousands or more diligent workers are striving to live with less to retire young. But, to what end? Don’t get me wrong, reaching financial independence is great, as it relieves a big life stress, that of not having enough money. What is the allure of early retirement? I don’t get it. Fin…
Reader Question: Am I On Track for a Secure Retirement? “Barbara, I started investing late and although I have a military pension, a 401k, and brokerage accounts; I wonder if I am track to a comfortable retirement. I use commission free ETFs in a taxable account.” You’re doing what you think is right, saving, investing, living modestly, but how do you know if you’re on track for retirement? This question from a reader echoes a common concern. After all, no one wants more life than money! How …
Smart and Easy Ways to Withdraw Retirement Savings Most of us look at retirement with both a sense of anticipation and a feeling of dread. It is not easy to transition from accumulating wealth to suddenly managing years of withdrawals. Before you experience the joie de vivre, it would be prudent to consider chalking out a drawdown strategy that works for you.
How to catch up on your retirement savings, even if you’re in your 40s or 50s. Learn ways to increase your income so you can grow your retirement savings. It’s never to late to start.
This Retirable Review delves into the features, pros and cons of this low fee financial advisor, created for those over 50. Learn about the cash flow, investment strategies and human financial advisory retirement guidance.