Investing in gold is a popular choice with individuals looking to diversify their retirement investment portfolio and to protect it from inflation. Unlike corporations, gold never goes bankrupt (!), meaning they are much better shielded from market instability than all our so-called ‘paper money.’ If the economy collapses, your gold coins and bullions will always…
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The question of how to squeeze extra money out of a fixed income budget has long perplexed both advisors and their retiree clients. The answer is of course not simple, but most people fall into one of two categories — those who can draw on retirement accounts and those who cannot. See: 50 Cheap, Beautiful…
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March 3, 2022 | By: Adam Zaki “There is a way to use a 401k to fund a business, and it’s possible without triggering a taxable event within the retirement account.” Daniel Blue, Owner of a merchant and consumer learning program about utilizing retirement funds called Quest Educations, believes that merchants are overlooking untapped funds…
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Retirement plans in Michigan are not what they used to be generations ago, and neither is employment in general. Back then, many more people spent their entire careers in one workplace, and you were more likely to have a retirement plan through that employer. Today, things have changed. Workers must essentially invest in their own…
Read article(00:00) So you’re approaching retirement and you’ve done a good job saving up a pretty large nest egg in your 401. And you’ve also paid off your house. You have no debt on your house. The challenge is you want to retire, you want to leave your job. But how are you going to generate…
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Retiring early with a lot of money to spare for the remainder of our lives is everyone’s dream. Some people opt to begin building their retirement funds on their own. However, most people put money into their 401(K) so that they can grow the money they put away for their retirement. 401(K) is good but…
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Should you max out your 401k? It’s an intimidating question. As a Chartered Financial Analyst who retired from Financial Services at age 42 I have seen “experts” give a lot of bad advice or avoid giving good advice. There are so many unqualified people on the internet and YouTube claim to be experts. There are…
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Tips for Booking a Last-Minute Vacation on the Cheap We tend to think booking a last-minute vacation is a mistake. We worry we won’t be able to find a place to stay or that we will spend more money because prices will rise. This isn’t always the case. There are actually several ways you can…
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Thursday, April 7, 2022 EXECUTIVE SUMMARY The Department of Labor (DOL) recently issued a Release that warns about cryptocurrency use in 401(k) plans. The Release raises a number of concerns, including troubling implications for fiduciary duties with respect to brokerage windows and whether it is appropriate for DOL to target specific asset classes. The risks…
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My employer offers some amazing benefits. If you have a child, they’ll send you a rocking chair. If you buy a bicycle, they’ll reimburse $100 of the purchase. If you buy a fuel efficient vehicle, they’ll give you $500. And, I recently discovered that they also offer the Roth 401(k) as an investment option, which…
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