Q&A
Asked by Kyle
Answered by Stacy Marcus
CDFA™ CFEI™ in New York, NY
CDFA™ CFEI™ in New York, NY
Hello Kyle, set up a budget and make "savings"
an automatic required monthly expense. By
automating you will not need to think about it
with your busy schedule, and by...
Q&A
Asked by Kyle
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Upvote 21
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Answered by Jeffrey Muhle
Financial Adviser in Manhattan Beach, CA
Financial Adviser in Manhattan Beach, CA
If the rate you're paying on borrowed funds is
less than the yield you can earn on invested
funds then borrow as much as you can. For
instance, if you can borrow agai...
Q&A
Asked by an anonymous user
Answered by Stacy Marcus
CDFA™ CFEI™ in New York, NY
CDFA™ CFEI™ in New York, NY
Hello, the rules governing social security are
complex and it is best to consult with your
tax planner/CPA as to your individual
situation. In general, Social Securit...
Q&A
Asked by Tina
Answered by Robert Henderson
AAMS® CDFA® in Mystic, CT
AAMS® CDFA® in Mystic, CT
Absolutely. Although it may seem
counter-intuitive, one of the best times to
invest is when the stock market is down. This
allows you to buy more shares of stock and/o...
Q&A
Asked by gracie
Answered by Richard Eddy
Financial Adviser in La Verne, CA
Financial Adviser in La Verne, CA
This is a great question. After the tough
times that we've had over the past decade,
many people are "starting over". Here are some
tips for you:
1. Don't get discour...
Q&A
Asked by Chelsey
Answered by Richard Eddy
Financial Adviser in La Verne, CA
Financial Adviser in La Verne, CA
The correct answer to this question is as
unique as you are, but here are some general
guidelines. It makes good sense to fund your
401(k) plan up up to the company ma...
Q&A
Asked by Andrea
Answered by Paul Seidman
CRPC - Chartered Retirement Planning Counselor in Scottsdale, AZ
CRPC - Chartered Retirement Planning Counselor in Scottsdale, AZ
That is a great question. The answer to that
question can be simple or complex and will
depend on your specific situation. We would
need more information about you t...
Q&A
Asked by Heather
Answered by Michael Keeler
CFP®, CLTC in Las Vegas, NV
CFP®, CLTC in Las Vegas, NV
The best way to start saving is to have some
different accounts for different time
horizons. For example, a savings account with
3-6 months worth of living expenses is...
Q&A
Asked by Jill
Answered by Richard Eddy
Financial Adviser in La Verne, CA
Financial Adviser in La Verne, CA
If your employer doesn't offer a retirement
plan, an IRA or Roth IRA are good options.
Although they are more limited in the amount
of money that you can contribute ea...
Q&A
Asked by Chelsey
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Upvote 11
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Answered by Michael Keeler
CFP®, CLTC in Las Vegas, NV
CFP®, CLTC in Las Vegas, NV
When you take a distribution from your 401(k)
before age 59 1/2, you pay an additional 10%
penalty in addition to the income tax on that
amount. This could end up to ...
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