Maximizing the potential of your 401k amidst market volatility may seem daunting, but you can achieve it by employing shrewd investing methods. In this article, discover how to navigate uncertain economic landscapes effectively and optimize your investments with three key
Tag: Retirement
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How to accelerate your ability to save for retirement
…According to data from the most recent Federal Reserve Study of Consumer Finances (2019), Americans between the age of 55-64 have on average $134,000 in retirement savings. The average retirement lasts 18 years, which only leaves about $7,500 per year -
The two biggest risks you face in retirement (and how to get rid of them)
…The two biggest risks
Most people spend their entire lives planning for their retirement. You work day in and day out with the goal in mind that one day you will never have to worry about money again, and you -
How to use leverage to make more money
…When you have a lot of assets, it is very easy to borrow money. Lenders will practically hand over huge sums of cash, at favorable (low) rates, because they know that if anything were to happen the wealthy have the -
Understanding the Thrift Savings Plan (TSP)
…Your Thrift Savings Plan (TSP) is a unique retirement account for all service members and, just like most things in life, there are many ways to work it. To take full advantage of the savings options and tax benefits available
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How to live a tax free retirement
…One of the biggest challenges to preparing for retirement is planning for taxes. After diligently saving year after year, if you haven’t anticipated your tax obligation, taxes could cost you up to 37% of your retirement savings. Can you live -
Using the IUL for Tax-Free Retirement (and to put your kids through college!)
…Life insurance is not the first thing that comes to mind when thinking about ways to save for retirement. Most people recognize the need to protect their family in the event of an untimely death, but they do not do -
The biggest expense you’ll pay in retirement
…You have spent hard-earned years saving for retirement.
You put a plan in place when you were young, and have had the financial discipline and mental fortitude to follow through. Now it is time to enjoy the fruits of your -
How much money should you put away every month?
…It may surprise you to discover that Financial Advisors recommend saving 20% of your take-home pay every month. In fact, your personal savings rate is more important than any investment return towards building a secure financial future. 20% may not -
Financial Planning Basics for All Service Members
…Just as you begin your military career getting the basics in place, you should start your path to financial independence with the basics too. Being in the military, you are in a special position to save a much higher percentage
