Q&A
Asked by an anonymous user
Answered by Lars Larsen ChFC®
Financial Planner in Burlingame, CA
Financial Planner in Burlingame, CA
First, let me congratulate you on asking this
question in your early 20s. The earlier in
life you start investing the better. The
compounded rate of return over a long...
Q&A
Asked by an anonymous user
Answered by Karl Leonard Hicks
CFP® in Riverside, CA
CFP® in Riverside, CA
Social Security Benefits can be a very
complicated issue. There are several factors
that determine your eligibility and the others
that determine the amount of benefit...
Q&A
Asked by Cortland
It may be more helpful for you to think of it
as cash flow: "Every month Uncle Sam makes a
pension deposit and a Social Security deposit
in my bank account of $XX and...
Q&A
Asked by Theresa
If you haven't started yet, it will be way
more than you want to. What are your likely
monthly expenses in retirement? Start with
that and work backwards - a compoun...
Q&A
Asked by Brett Lyle
Brett, the key to your answer is in your
question, "long term". Any investment or
savings decision should be weighed against
your particular risk tolerance. In very...
Q&A
Asked by an anonymous user
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Upvote 15
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This country has made a revolutionary shift
from pensions to a self-service retirement
model (401Ks, IRAs, etc). The average baby
boomer has not yet fully adjusted to...
Q&A
Asked by victor piediscalzo
Answered by Tracy Scott Burke
CFP®, ChFC® in Harrisburg, PA
CFP®, ChFC® in Harrisburg, PA
Victor,
Thanks for your question. Some
type of a tax-deferred retirement account
would likely be best in your situation in lieu
of bank savings. If you have acces...
Q&A
Asked by Judy
Answered by Martin A. Smith
CRPC®, AIFA® in Bowie, MD
CRPC®, AIFA® in Bowie, MD
Hi Judy,
The best way to find CD rates is
to contact a financial advisor who can provide
you with a list of CDs with financial
institutions (banks and brokerages) t...
Q&A
Asked by Kathleen
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Upvote 36
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Answered by Dan Crimmins
Financial Adviser in Woodcliff Lake, NJ
Financial Adviser in Woodcliff Lake, NJ
Kathleen - It is great that you are saving for
your retirement. The difference between a
Roth IRA and a traditional IRA is when the tax
is due. When you contributed...
Q&A
Asked by an anonymous user
You answered your own question: on the face of
it it looks like you will clear enough - or
nearly enough - from the sale to pay cash for
the new house. It the sale pr...
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