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Here’s how much money you should have saved at every age
Using analysis by Fidelity, CNBC Select provides guidance on age-based savings goals that can help you plan for retirement. Getty Images Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC will update as changes are made public.…
Read MoreClaiming Social Security retirement benefits? Don’t let these myths trip you up
KEY POINTS When it comes to Social Security benefits, “the earlier the claim, the steeper the penalty,” according to Shai Akabas, director of economic policy at the Bipartisan Policy Center. While workers are first eligible to claim at 62, holding off until age 70 could increase their benefits by as much as 76%. But some…
Read MoreWednesday Q&A Should I take my employers stock option plan?
Should I take my employers stock option plan? Gregory answers this question during an episode of the Ask Gregory podcast. Click to listen below! Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have questions about this week’s content, or…
Read MoreRetirees Beware: These States Tax Your Social Security
Social Security benefits are meager enough, yet these states take some of that money away. Though it can be skimpy, Social Security is a major source of money for retired Americans: The Social Security Administratration says about 1 in 5 older married couples and nearly half of single seniors rely on their benefits for 90%…
Read MoreMany older workers entered the pandemic with little saved toward retirement. Here’s how they can improve their finances now
KEY POINTS A lot of older workers do not have a pension or 401(k) plan to draw money from when they retire. Many approaching retirement often have meager savings — just $88,000. If that’s you, there are steps you can take to help you live more comfortably later. Many people’s retirement dreams received a reality check following the…
Read More7 Must-Have Money Conversations You Need to Have Before Getting Hitched
On the first date, you discuss splitting the bill. Soon, you’re planning your first vacation together. Before you know it, you’re engaged and planning a wedding. If you haven’t already, it’s time to have the money talk. Financial things to talk about before getting married Yes, talking about money can be heavy, but it’s important…
Read MoreThe ‘Stretch IRA’ Estate Planning Strategy Is Gone. Here Are 4 Other Options.
The Covid-19 era is a mess, and we’re still in the middle of it. But life goes on. So, let’s be more open to doing what we would do in more normal times. What I normally do is give tax advice. Here’s some updated estate planning advice for well-off folks to consider. Evaluate “stretch…
Read More6 Mistakes You Don’t Want to Make When Choosing a Wealth Advisor
When you decide to choose a wealth advisor, this is a major decision. You’ve worked hard earning this money or preparing for your retirement. Here are six areas of concern to consider: 1. Hiring an advisor who doesn’t put your needs first You want to hire a wealth advisor who is prepared to answer all of your questions…
Read More5 Tips For Saving The $1.9 Million Americans Say They Need To Retire
Are you saving for retirement? If you are, then you can’t avoid wondering whether your retirement planning has your savings on track for you to live comfortably when you finally call it a career. And how much money is enough? On average, 401(k) plan members think they’ll need $1.9 million, according to Schwab Retirement Plan Services. And…
Read MorePODCAST20: You’re a Millionaire, Now What?
You may need some help deciding what your next financial investment move might be. Find an Wealth Advisor that is right for you below. If you have any questions please give us a call at 504-832-9200
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