Let’s take a poll. What do you think is the factor that affects the value of your 401k the most? Pretty heavy question especially considering that most of us probably will depend on our 401ks as the main source for our retirement money. I don’t know about you, but for me knowing what I can change now to get me more money later in my 401k sounds pretty interesting. Well let’s take a closer look at this subject shall we?…
Being an advisor catering to the younger professional I’ve seen the full spectrum when it comes to personal financial situations. Some clients will have their financial lives in perfect order from the moment they walk in. We just make a minor tweak here, a minor adjustment there and check in again in a few months Others well… let’s just say there can be some room for improvement. But hey, that’s what I’m here for. I’ve noticed a pattern for these…
Your employer offers a 401k with a company match and you have that IRA forced upon you during your first job. Oh, and how about that tax-free Roth IRA and the $10,000 personal brokerage account you inherited when Great Aunt Sally passed away. With all of these saving options it can be a little difficult to decide where your money should go first. However, if you examine the underlying advantages of each account the decision may become a bit easier. …
Your 401k graciously provided to you by your employer is likely one of the most powerful retirement saving devices currently available to you. Addressing common questions such as how much should I contribute, what investments should I choose, and how do I intermittently check up on my account could make the difference between retiring in a luxurious beachside condo in Kauai or a windowless studio apartment in Kauai (personally I’d take either). Exactly How Much Should I Contribute? Well now…