Good Financial Reads: How to Save for Retirement from Any Age
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Is FIRE Really Feasible?
by David Barfield, Datapoint Financial Planning
I’m a Certified Financial Planner™ practitioner, and I also “retired” from my first career at age 52 after 26 years in Technology. I had planned for “Financial Independence, Retire Early” or FIRE (before it was called “FIRE”) since my mid-twenties; however, I did not realize until my mid-forties that “retirement” for me just meant finding a vocation where I could help people while doing something I’m passionate about. An important factor when planning for FIRE is to know what you’re retiring to. Or maybe a more appropriate phrase would be “work optional” rather than “retire early” as my friend Cody Garrett, CFP® at Measure Twice Financial points out.
Consolidate Old Retirement Accounts When It Makes Sense [Video]
by Robert Stoll, Financial Design Studio
In today’s economy it is very common for people to change jobs often as they look to advance their career. Now there is a lot of benefit of changing jobs from a jobs growth standpoint. However, what happens often is when you switch jobs, you leave old 401(k) savings and old plans with your past employers. This is when we recommend you consolidate old retirement accounts.
Pay Yourself First!
by Philip Weiss, Apprise Wealth Management
Pay yourself first. When it comes to developing a regular plan for savings, remember those three words.
Retirement can be a scary proposition. Unfortunately, most people simply are not saving enough for retirement. As a result, they enter retirement unprepared.
Consolidate Old Retirement Accounts When It Makes Sense [Video]
by Michelle Smalenberger, Financial Design Studio
Have you ever looked at your retirement account statement and noticed two different balances? The first is an account balance and the second is the vested account balance. This is because there is a time frame that you have to wait before the employer contributions in your account are vested. Let’s talk through two common ways this happens.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
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