What are your thoughts on the concept of living a very long life? Have you ever thought about what would happen if you lived a very long life? Do you think about what age you will retire and how much money you will need once you retire? What amount of money per year will youContinue reading “One of Life’s Major Concerns”
Tag Archives: Retirement
401k Retirement Plan
youtube.com/watch As I continue to learn more about how tax deferred accounts work, taxpayers do end up paying more in taxes: 1) federal payroll tax withheld and 2) then again when you take withdrawals from a tax deferred account. The two products I recommend (and started investing in myself) that offer tax advantages are theContinue reading “401k Retirement Plan”
Why is it Important to Save?
youtube.com/watch I’m sure we’ve all seen an elder working at a fast food restaurant or grocery store chain. But have you asked yourself why are older people still working? Many working people do not have the financial education and did not learn the importance of saving money. If you have not started saving and haveContinue reading “Why is it Important to Save?”
Take control of your finances
To begin taking control of your finances, you first need to know where you’re current finances are. You need to change your spending habits and you need to change your financial mindset. Last month I did my very first financial needs analysis…. And I learned a lot about myself. I also began working in financialContinue reading “Take control of your finances”
Near retirement
youtube.com/watch Many people like you and me are nowhere near retirement, yet many of us have failed to save. On the other hand, many have saved quite a sum of cash but have not been able to grow and build their savings to a sufficient amount. The main reason it’s important to build and growContinue reading “Near retirement”
401k’s
twitter.com/cnbc/status/1639042590707425280 A 401K is a retirement account offered through your employer. Employers have the option to match your contributions. For example, you contribute 5% and your employer also contributes 5%. The tax benefit of a 401K is that you do not pay taxes on the money you contribute. You pay with pre-tax dollars and youContinue reading “401k’s”
Annuity
An annuity is a product that provides you with a stream of income mainly for retirement. It is meant to help you avoid outliving your savings. There are different types of annuities such as a fixed annuity, variable annuity, or indexed annuity. And annuities can be funded with a lump sum single premium payment orContinue reading “Annuity”