RETIREMENT Archives - $ WEALTH BUILDING POWERS

by Powers Investments Management, LLC September 23, 2019

ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401 – (K) WHEN CHANGING JOBS

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 ...

by Powers Investments Management, LLC August 12, 2019

THE ABSOLUTE BEST WEDDING GIFT YOU CAN EVER GIVE YOUR CHILD!

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 ...

by Powers Investments Management, LLC July 29, 2019

Investments , RETIREMENT

NOT SURE WHAT TO DO WITH YOUR 401K WHEN RETIRING? SOME OPTIONS

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 ...

by Powers Investments Management, LLC June 24, 2019

THE IRA PLAN IS A WEALTH BUILDING TOOL

by Powers Investments Management, LLC June 17, 2019

RETIREMENT

RETIREMENT PLANS OTHER THAN THE 401-K, TO GENERATE > $1 MILLION PORTFOLIO!

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 ...

by Powers Investments Management, LLC June 10, 2019

Investments , RETIREMENT

DO YOU WANT TO JOIN THE 401K PLAN MILLIONAIRE CLUB? {KINDA OF LIKE THE MILE HIGH CLUB – BUT A LOT LONGER LASTING!}

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 ...

by Powers Investments Management, LLC May 23, 2019

RETIREMENT

THE HOUSE JUST PASSED THE BIGGEST CHANGES TO RETIREMENT PLANS IN A DECADE

{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 ...

by Powers Investments Management, LLC May 23, 2019

Financial Literacy , RETIREMENT

This Group of People Is Most Likely to Retire Broke

This Group of People Is Most Likely to Retire Broke https://www.fool.com/retirement/2019/05/23/this-group-of-people-is-most-likely-to-retire-brok.aspx If you refuse to attempt to save for retirement, it is 100% guaranteed you will retire broke! Unfortunately those people earning <$50,000, include a large percentage of women and minorities. You CANNOT keep singing the Woe Is Me, ballad! Keep reading this post to learn the action you can take starting TODAY! EXERPT FROM ARTICLE “Approximately 60% of workers who earn less than ...

by Powers Investments Management, LLC December 6, 2018

RETIREMENT

401-K YEAR END SALE!

We all love “BUY ONE GET ONE FREE” sales. Right? What if you got the same offer for cash? Deposit $100; receive $100 – FREE MONEY. I’m guessing majority, no make that ALL of you would be making that exchange 24/7. But on average 24% of you are turning down FREE MONEY! Approximately 24% of employees fail to contribute enough to their 401-K plans to receive the matching dollars – FREE ...

by Powers Investments Management, LLC November 29, 2018

RETIREMENT

DO YOU FEEL SECURE ABOUT RETIREMENT?

What is the one thing we do not want to happen in retirement? I say death, but as this is an investment and finance blog- RUNNING OUT OF MONEY! Financial professionals recommend to maintain your current lifestyle in retirement, you need about 70-90% of your FINAL income, EACH YEAR. If your retirement final income is $100,000 you need $70,000 to $90,000 annual income. Because of the extension of life expectancy and ...

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