Q&A
Asked by Kathryn
Answered by Stacy Marcus
CDFA™ CFEI™ in New York, NY
CDFA™ CFEI™ in New York, NY
You should have already started :-) The
earlier you start saving for retirement the
greater the opportunity for your money to
grow. Money grows exponentially over t...
Q&A
Asked by Yvette
Answered by Stacy Marcus
CDFA™ CFEI™ in New York, NY
CDFA™ CFEI™ in New York, NY
Yvette, I hope you received qualified
professional tax and financial planning advice
when you made the decision to roll over your
401(k) into an annuity. The terms an...
Q&A
Asked by Alec
Answered by IntroLend Writing Staff
Financial Adviser in Los Angeles, CA
Financial Adviser in Los Angeles, CA
Hi Alec,
You might want to check out our
retirement calculators such as How Much Do I
Need to Retire?
Thanks,
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...
Q&A
Asked by Beverly
Answered by Stephen Hartel
MBA, AIF in Denver, CO
MBA, AIF in Denver, CO
Beverly, I think it is a good idea to think
about retirement in two main categories. The
first category is your living expenses. A
simple rule of thumb is that you nee...
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 gracie
Answered by Richard Eddy
Financial Adviser in La Verne, CA
Financial Adviser in La Verne, CA
This is a great question. After the tough
times that we've had over the past decade,
many people are "starting over". Here are some
tips for you:
1. Don't get discour...
Q&A
Asked by Bobbie
Bobbie,
Your husband’s social security will
work the same way everyone else’s does. What
is important is his age and not necessarily
when he retires. Social securit...
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 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, ...
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