Q&A
Asked by Chelsey
Answered by Richard Eddy
Financial Adviser in La Verne, CA
Financial Adviser in La Verne, CA
The correct answer to this question is as
unique as you are, but here are some general
guidelines. It makes good sense to fund your
401(k) plan up up to the company ma...
Q&A
Asked by Heather
Answered by Michael Keeler
CFP®, CLTC in Las Vegas, NV
CFP®, CLTC in Las Vegas, NV
The best way to start saving is to have some
different accounts for different time
horizons. For example, a savings account with
3-6 months worth of living expenses is...
Q&A
Asked by Bobbie
Answered by Claudia L. Schaffer
Insurance Agent in Gardena, CA
Insurance Agent in Gardena, CA
If the only reason is to get them through
college then term insurance would be fine.
Coverage should be based on the youngest
child. The amount that you would need sh...
Q&A
Asked by Bobbie
Answered by David Meyers
Financial Adviser in Palo Alto, CA
Financial Adviser in Palo Alto, CA
You have a variety of options as to what to do
with it. And leaving it alone is one of them
-- so long as (a) it's invested well (i.e.,
good investment choice, low/no...
Q&A
Asked by Kate
Answered by Michael Minter
Financial Adviser in Tampa, FL
Financial Adviser in Tampa, FL
This a blanket question. Each and every
individual situation is different and can
apply, or not apply to many individuals,
families, and or businesses. There is good...
Q&A
Asked by Carla
The best thing to do is to get your house in
order again. Once you are strong enough to,
start accumulating. As you work, take a
percentage and invest in your company'...
Q&A
Asked by Erin
T
Answered by Tim
Like many things in life . . . it depends. If
you have an actual defined benefit pension
account, you would be looking at moving it to
some other pension manager, and...
Q&A
Asked by trish
Answered by Justin Clark
Mortgage Professional in Moreno Valley, CA
Mortgage Professional in Moreno Valley, CA
Invest in Real Estate. If you invest in real
estate now, then by the time he turns 62 you
can do a reverse mortgage and either live off
the equity, or at least not ha...
Q&A
Asked by Sarah
Answered by Richard Eddy
Financial Adviser in La Verne, CA
Financial Adviser in La Verne, CA
A very broad rule of thumb is to say 20 to 25
times the annual income that you would desire
in retirement. Now, if there are other sources
of income (social security, ...
Q&A
Asked by Daniel
Daniel,
This is a very interesting question.
I don’t think there is a “time of year” to
leave things unchanged. In other words, there
is no rule of thumb that would...
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