The bottom line is this,the US government does not have your best interest in mind. In fact, the poorer you are the easier for them to control you. Instead of contributing a certain % of your pay in a 401K, just take that money and invest it yourself in gold,silver, and maybe even...
you will have to wait until you are 59.5 years old. So, if you are planning to retire early you might want to keep your 401k where it is. Leaving it where it is isn’t necessarily bad though as there are several ways you can withdraw money early penalty-free and you ...
Just as you might automatically take money out every month to put into your 401k, you should also make saving for a business emergency an automatic event. And set the money aside in a separate bank account. Save more when you make more. When you receive a windfall, say from a ...
While no asset is 100% safe, US Treasury bonds and securities are widely considered as safe as they come. Money market mutual funds are also considered safe choices in 2023. What asset never loses value? Assets that are unlikely to lose their value include art, diamonds, land, and collectib...
Hi there. Stan The Annuity Man, America's annuity agent, licensed in all 50 states. We're talking about retirement calculators how much a 60-year-old has in their 401k. I get that question a lot, how much does a 60-year-old have or how much money does a 70-year-old have in ret...
Dave does incredibly well too, even starting from a much smaller initial net worth. So, both of these friends can not only quit working, they can also start splashing out more money on whatever they want. Congratulations to both of you!
My 401K is 1.2MM so I figure it could be approaching 2MM by the time 70 comes if I left it alone. This large conversion now would get a chunk out of the way. Once i get on ACA with subsidies, my ROTH conversions would be much smaller and I’d have to watch every dollar of inco...
When you're losing lots of money in abear market, it can sometimes feel like you'll continue to lose money forever. Oftentimes there are “dead cat bounces” or “bear market rallies” that give you shimmers of hope. Sadly, said hope is dashed when the market resumes its sell-off. ...
Depending on how many different types of businesses you run and how your taxes are calculated will help determine how many bank accounts you actually need. Less is best in this scenario. Save yourself the hassle and confusion, definitely invest in some software that does reconciliation for you ...
NOTE: Don’t withdraw all your money from your 401k account just because -you’re broke. Yep, I made that mistake too. 2. You Need to Look at the Big Picture To manage money well, you must make good decisions. To make good decisions, you need accurate data, and it’s tough to d...