Retirement

February 20, 2020
4 Questions to Figure Out How Much Money You Need to Retire

That is a hard question, which I can only answer with a lot more questions! Question 1: Timeline The first question you need to ask yourself is: when do you want to retire? This will help you figure out how much time you have to get where you want to be. Question 2: Expenses Second,…

December 10, 2019
What’s the difference between withdrawing from a 401k and taking out a 401k loan?

When life happens and there’s a big bill attached, we often scramble to figure out how to pay it. Ideally, an unexpected expense should be covered by your emergency savings account. If you don’t have enough savings, consider asking for a payment plan or delaying the bill until you get a tax return or bonus.…

February 25, 2019
How can people on government assistance save for retirement?

“Where are the best places for people on state assistance to start saving for retirement? I’m looking for something with low starting balances and low monthly transfers to the account. Do you recommend any financial companies, savings accounts, government-issue bonds, stock market?? I am so confused!” Submitted by Jessica L. I want to acknowledge your…

October 21, 2019
How much should I put in my 401(k)?

If you’re fortunate enough to have an employer who offers a 401(k), you should seriously consider part...