A Roadmap to Retirement: Steps We Took That Secured Our Future
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FINANCIAL LITERACY , INVESTMENTS , RETIREMENT , SAVINGS
401K AUTO-TRANSFER WILL HELP SAVE AMERICANS $619 BILLION OVER A GENERATION!
RLJ Cos., is uniting with three of the nation’s largest 401 (k) record keepers to save $619 billion in retirement income for Black American workers over a generation.
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FINANCIAL LITERACY , RETIREMENT
SOCIAL SECURITY COVERS ABOUT 40% OF YOUR RETIREMENT NEEDS – LET’S GET TO WORK AND CLOSE ANY GAPS!
An average American can expect Social Security to replace about 40% of pre-retirement wages
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FINANCIAL LITERACY , INVESTMENTS , RETIREMENT
IRS INCREASES 401(k) LIMITS FOR 2022 – WHY ARE YOU STILL SITTING THERE? MOVE!
Too many Americans leave money on the table by not taking the FREE money their employer has offered.” You cannot give away free money! If you want to do that, reach out, and I will give you my mailing address!
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If I had one piece of advice for anyone who hasn't started investing yet, it would be: Please, just start. If that feels hard, ask for help. Money and investing are an emotional business. Seek advisors to help wade through your valid concerns!
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401-K PLAN , FINANCIAL LITERACY , INVESTMENTS , IRA ROTH AND TRADITIONAL , RETIREMENT , SAVINGS
“WHAT CEO’S TALK ABOUT” – PODCAST INTERVIEW WITH STYRON POWERS – “FINANCIAL FREEDOM…DON’T SPEND MORE THAN YOU MAKE!”
Styron discovered that about 60% of Americans could not afford a $400.00 to $1,000.00 emergency bill - car, heating, medical, or any other sudden cost. So he started writing a blog to help his readers understand how he had personally chosen financial freedom and how to achieve it for themselves. He also does coaching and mentorship -
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FINANCIAL LITERACY , INVESTMENTS , RETIREMENT
CAN YOU SPARE A TRILLION? WE OWE $30 TRILLION IN DEBT!
I did not realize how much our debt grew under Obama, Trump, and Biden. Even with low-interest rates; we pay >$300 billion on interest payments or about nine percent of all federal revenue collected. This number will continue to increase as Biden attempts to push through Build Back Better- BBB. {I have a different word for the last B.}
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RETIREMENT
ACHIEVING YOUR FINANCIAL FREEDOM WITH THE 401-K & GREAT NEWS – CONTRIBUTION LIMITS INCREASE IN 2022 – WHAT ARE YOU WAITING FOR!
The Feds increased 401K contribution limits to $20,500 in 2022, which is an increase from years 2020 and 2021 limit of $19,500. Catch-up contributions to retirement accounts for those age 50 and up will remain unchanged at $6,500. Including their regular contributions, people 50 and up will be able to stash up to a limit of $27,000.
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The problem is worse today than my parents’ generation because pensions in the private sector have been eliminated. VOLUNTARY 401-K plans have replaced the Majority of companies’ pensions. The 401-K was designed to mimic a pension’s retirement income. BUT only if YOU: 1. Start saving EARLY, in your 20’s, 2. Contribute a significant percentage of your compensation to your plan, 3. Work for a company that matches some portion of your ...
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Apple has delivered an average return of 43.5 percent per year for the past ten years. Suppose you or your parents invested $100 per month during those ten years in Apple stock and placed it in a ROTH IRA. You would have contributed $12,000.00 principal—but more importantly, have accumulated an investment gain of $190,211.00 with a total account value of $202,211.00. When you reach retirement age (59.5 years), you will owe ZERO dollars in taxes on ...
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