If you have retirement accounts and keep up with financial news, you’ve probably heard of the new DOL Fiduciary Duty Ruling. The Department of Labor has created a ruling that would require any financial professional to act under the fiduciary standard when dealing with retirement accounts rather than the current suitability standard.
As you prepare for retirement, it’s important to understand the expenses that you may take on in this new phase of your life. Some of these you may already know about, some might be new, and some might be further down that road, but are important to think about now.
Do you find yourself confused about what your max contributions are for your different retirement accounts? It can be hard enough just keeping your accounts straight, let alone trying to track down what the contributions are.
As you approach retirement, it’s important to know what you are doing, whether it’s your finances, your living situation, or anything in between. Here are some questions to ask before retirement reaches you!
Are you late to the retirement saving game? Are you worried that you aren’t going to have enough money to even retire? That’s ok! It’s better to enter the game late than not at all. Here are some of our tips for saving late for retirement.
Whether you are 20 or 50, saving money is a choice that you can make to improve your future. That choice doesn’t go away, but how you handle that choice may change how much you have when you retire, or when an emergency happens.
According to Money & Career Cheat Sheet, a recent survey from December 2016 found that the top 3 money concerns facing Americans are saving for retirement (and making sure there is enough money to last), health care/medical expenses, and not having enough in emergency savings.
When it comes to investing, we believe that it’s essential that you understand yourself first. No investment strategy is the “golden egg” of investing. Each strategy should be built to fit individuals needs and personalities. A strategy that works for a young CEO may not work for an older couple getting ready to retire.