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 Andrea
Answered by Paul Seidman
CRPC - Chartered Retirement Planning Counselor in Scottsdale, AZ
CRPC - Chartered Retirement Planning Counselor in Scottsdale, AZ
That is a great question. The answer to that
question can be simple or complex and will
depend on your specific situation. We would
need more information about you t...
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 Jill
Answered by Richard Eddy
Financial Adviser in La Verne, CA
Financial Adviser in La Verne, CA
If your employer doesn't offer a retirement
plan, an IRA or Roth IRA are good options.
Although they are more limited in the amount
of money that you can contribute ea...
Q&A
Asked by franklin
Answered by Stephen Bowden
Accredited Investment Fiduciary AIF ® in Lakewood, WA
Accredited Investment Fiduciary AIF ® in Lakewood, WA
It depends upon the sponsor of the 401(k), and
the may be limited by a maximum percentage of
its worth. Best advice would be to talk with
them to see what options you ...
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 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, ...
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...
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