Q&A
Asked by trish
Answered by James L Roberts
Independant Consultant in Lake Worth, FL
Independant Consultant in Lake Worth, FL
Your question was brought to my attention and
I am happy to provide what help I can. As a
strategic life, entrepreneurship, and wealth
consultant, I hear this question...
Q&A
Asked by Daniel
Answered by Kendrick Walker
Mortgage Professional in Santa Rosa, CA
Mortgage Professional in Santa Rosa, CA
Hello Daniel,
I have worked in real estate
now for almost 8 years and both my parents
have worked in real estate and mortgage
industry for almost 29 years now. With...
Q&A
Asked by Britt
Answered by Karl Leonard Hicks
CFP® in Riverside, CA
CFP® in Riverside, CA
It is never too early to start saving for
retirement. My son had an IRA since before he
was out of high school. If we all save a
minimum of 10% of our income from the ...
Q&A
Asked by Steffanie
Hi Steffanie, a SEP is an employer sponsored
retirement plan. It is called "Simplified"
because it uses a plan document that provides
for limited options in terms of ...
Q&A
Asked by Carla
Answered by James Biasotti
Financial Adviser in Roseville, CA
Financial Adviser in Roseville, CA
Depends if it is a defined Benefit (like a
pension) plan or a defined contribution plan?
(like a 401(k)). Either way you should be able
to get your money. More common ...
Q&A
Asked by Beverly
Answered by James Kinney
Financial Adviser in Bridgewater, NJ
Financial Adviser in Bridgewater, NJ
There is no shortcut to doing a thorough
financial plan. Sure, there are rules of
thumb, such as spend no more than 4% of your
assets per year in the first year of
re...
Q&A
Asked by Elaine
Answered by Michael Gilbert
Financial Adviser in San Diego, CA
Financial Adviser in San Diego, CA
Your first step should be to check with your
employer to see if they have a retirement plan
in place. i.e.401(k). SEP, or Simple plan.
These plans allow you to save fo...
Q&A
Asked by Kirt
Answered by Rudy Ruiz
Financial Adviser in Camarillo, CA
Financial Adviser in Camarillo, CA
The most easy thing to do is simply pull the
contribution out of the Roth IRA before the
Tax Day April 15th. The post-tax amount you
contributed will not be penalized ...
Q&A
Asked by Britt
Answered by Stacy Marcus
CDFA™ CFEI™ in New York, NY
CDFA™ CFEI™ in New York, NY
Hello Britt, Hopefully you have already been
saving, but if not its never too late to
start. You should try to save as much as
possible, but the key is to start. Do y...
Q&A
Asked by Beverly
Answered by Robert Henderson
AAMS® CDFA® in Mystic, CT
AAMS® CDFA® in Mystic, CT
A reverse mortgage (or HECM - home equity
conversion mortgage) CAN be a very useful
financial planning tool for retirees. But it's
important to understand what reverse...
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