Q&A
Asked by Apryl
Answered by David Meyers
Financial Adviser in Palo Alto, CA
Financial Adviser in Palo Alto, CA
Assuming a few things: (a) you have an
emergency fund (3-6 months of cost of living
in highly liquid risk-free savings of some
sort); (b) you've paid down all credit ...
Q&A
Asked by Angie
Hi Angie! The best answer is...it depends. You
may want to consider doing a Social Security
review with an advisor to see what strategies
are available for beginning y...
Q&A
Asked by an anonymous user
Answered by David Meyers
Financial Adviser in Palo Alto, CA
Financial Adviser in Palo Alto, CA
It's not too late!
First -- make sure you
aren't carrying high-interest debt. Consider
paying off any credit cards which are bleeding
your wealth away.
Second -...
Q&A
Asked by Kamie
J
Answered by Jay
You are allowed to open a retirement account
in your child's name, but he or she must have
eligible compensation.. According to the IRS,
contributions to all of the ch...
Q&A
Asked by Alec
Answered by Stacy Marcus
CDFA™ CFEI™ in New York, NY
CDFA™ CFEI™ in New York, NY
Investing for retirement is an important goal,
however, having an emergency fund is a
priority. You should first have sufficient
funds which are liquid - do not requi...
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...
Ask a pro a question
Have your question answered by a professional