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 ...

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WANT TO TEST YOUR FINANCIAL LITERACY?

Can you answer these six basic financial questions? Most people answer only two questions correctly. Let's see how well you do. Basic Financial Literacy Questions These six questions on credit history, net worth, interest rates and student loans were developed by Annamaria Lusardi, Director of the Global Financial Literacy Excellence Center (GFLEC) at The George Washington University. They were included as part of a survey conducted by education company, EVERFI, which found in prior research ...

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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 ...

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PART 2: DISABILITY INSURANCE RESTRICTIONS AND HOW MUCH $$$ INSURANCE IS NEEDED {CONTINUED FROM: PART 1: INSURANCE SHOULD BE NO MORE OF AN OPTION THAN EMPLOYMENT!}

If I could have one ”do over” insurance decision, I would have purchased personal/private short and long-term disability insurance, in my 20’s.  Recently I became one of the 40% of Americans with a chronic illness and applied for short and long term disability insurance. I discovered several loopholes and “20-foot concrete, steel-reinforced walls/barriers”, depending solely on and Employer Sponsored Disability Insurance Policy!  RISK FACTORS Majority of you face the strong likelihood you will work for several ...

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2019’s YEAR END BLOG – HAPPY HOLIDAYS

I started publishing Wealth Building Powers blog when I was suddenly sidelined from my professional career for health reasons. I worked in a field that strives to protect the lives and health of employees and the neighbors in the surrounding communities. I enjoyed my field and miss it as I made a difference by sending employees home safely at the end of their shifts and the end of their work ...

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DO YOU LOVE YOUR ADULT KIDS? IF YES – HELP THEM TO A STRONG FINANCIAL START IN LIFE!

My Dad and Mom, helped prepare me to become successful. As a father, I have that same responsibility to help my daughter succeed. I constantly read how the majority of Americans live check to check. I have been laid off too many times to live check-to-check! My parents taught me the value of budgeting, living beneath my means, growing my emergency savings, etc and I survived ...

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