Retirement is a major milestone, and something that many people look forward to in their working years. But what about when it’s finally time to retire? How do you navigate such an enormous lifestyle change? When you’ve done the work – saved the money, created wealth, planned and prepared for this phase of your life […]
Accumulation Phase: Plan Your Retirement Allocations
Your accumulation phase is the time in your life when you’re working, saving and preparing for retirement. It comes before the distribution phase, which is when you begin accessing the funds you set aside for retirement. Your portfolio should be fluid, adjusting for each phase of your life. This article will give you a general […]
What to Look for When Analyzing Your 401k Plan
For many Americans, one of the best ways to build wealth is to save in an employer-sponsored retirement plan like a 401k. It makes good sense: there are many advantages to this type of account. The money comes out of your paycheck before you even see it and it’s easy to sign up for the […]
Target Date Funds 101: Everything You Need to Know
While browsing your employer’s 401(k) options or searching for a fund to open in a brokerage account, you may have come across target date funds. Some people love these so-called “set it and forget it” funds, while others dislike them for the ability to take a completely hands-off approach to investing. When considering target date […]
What You Need to Know About Backdoor Roth Conversions
As Benjamin Franklin once said: “In this world nothing can be said to be certain, except death and taxes.” Franklin’s right. As an investor, you’ll be paying taxes. But there are strategies to reduce how much you’ll pay, and that can make a big difference in the size of your portfolio when you retire. In […]