Fears of health and economic fallout from the coronavirus outbreak pushed the U. S. Stock Markets into Bear territory (down at least 20%) this week. Of course, we are ALL concerned, but panicking has never fixed any of my problem. {Maybe with the exception of that monster from my childhood closet. It was YUGEEEEE!} PLEASE STOP HOARDING TOILET PAPER {WHY TOILET PAPER?}, SANITIZERS, AND EVERYTHING ELSE! You can’t find hand ...
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I consider the Roth IRA one of the best available financial and investment tools. Saving in a Roth IRA early was one of my best decisions!
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A large percentage of today’s retirees are facing a “longevity crisis” and outliving their savings. Some of my friends are facing this very real crisis. One spent the bulk of his 401K on his three kids’ college education. Because he loves his children. Two have small pensions and are financially struggling. Another is afraid he cannot afford to retire. When you add in the risk of catastrophe illness, their risk ...
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ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401- K WHEN CHANGING JOBS Several years ago, a good friend confided she cashed out her 401K and spent the money. At the time I thought an unwise decision. But of course being less diplomatic (hard to believe right) I said something more in the line of: YOU DID #$@% WHAT ? I was reminded of this story last week, when I ...
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BEST WEDDING PRESENT! This weekend we are attending the wedding of my college best friend, Clifton’s son. The couple will have college loans as the bride is currently in Medical School. As parents, Clifton and I ponder the choice of paying for an expensive wedding versus INVESTING IN YOUR FUTURE. And as two financially conservative men, we advise reducing the wedding size and cost and investing the money. AVERAGE ...
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Congratulations on accumulating a YUGEEE portion of your retirement money in a 401-K! As you approach retirement you need to decide what to do with YOUR HARD EARNED MONEY, currently sitting in one or more 401K Plans. This is a nice problem to have! SOME OPTIONS FOR AFTER RETIREMENT Keep your money in your 401-K Plan(s).Roll into an IRA or a ROTH IRA and convert to Exchange Traded Funds (ETFs), to lower fees.There ...
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THE IRA PLAN IS A WEALTH BUILDING TOOL
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RETIREMENT WEALTH BUILDING TOOLS GOOD DAY EVERYONE! Last week’s BLOG discussed the GOAT Millionaire Builder - the 401K Retirement Plan. Click below link if you need to read that blog. {DO YOU WANT TO JOIN THE 401K PLAN MILLIONAIRE CLUB? {KINDA OF LIKE THE MILE HIGH CLUB – BUT A LOT LONGER LASTING!} https://wealthbuildingpowers.com/2019/06/10/401k-millionaire-club/} USING STRATEGY TO GROW YOUR WEALTH THE GOOD NEWS - If you do not have access to a 401K plan, there are ...
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THE MILLIONAIRE STARTER KIT - 401-K PLAN Top of the Day Dear Readers! There are too many savings strategies that require quantum physics to understand. Personally I hated physics. One of the best and simplest strategies I used to maximize my wealth is the 401-K plan, especially when powered by compound interest. When you combine the magic of compounding with the 401K you will see why it is a millionaire-building tool! ADVANTAGES OF A ...
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{TO READ THE FULL POST GO TO MY PROFILE AND CLICK https://wealthbuildingpowers.com/ The House of Representatives passed legislation Thursday that would make significant changes to the laws governing retirement savings accounts. The aim of the legislation, which will now move to the Senate for consideration, is to make it easier for more employers, particularly small businesses, to offer 401(k)s, and to let workers guarantee how much income their retirement savings produce ...
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