When you think of people who use financial advisors, you may not consider yourself the right demographic. But it may surprise you that plenty of advisors cater to people who aren’t retired millionaires. There are plenty of reasons for younger people to engage with a financial advisor well before retirement age. If you’re wondering if it’s the right time to speak with a professional about your … [Read more...] about 5 Telltale Signs You Might Need a Financial Advisor
Retirement Planning
You Passed Roth IRA Income Limits, Where Should Your Next Dollar Go?
Roth IRAs are incredible tools for long-term saving, and in the finance world, they epitomize the concept of delayed gratification. Your contributions are after-tax, meaning you don’t get any sort of “reward” upfront. However, those contributions grow tax-free and qualified distributions remain tax-free. This could be incredibly helpful in retirement if you’re trying to stay in a low tax … [Read more...] about You Passed Roth IRA Income Limits, Where Should Your Next Dollar Go?
I No Longer Qualify for a Roth IRA — Now What?
You’ve heard the advice when it comes to saving for retirement: contribute enough to your employer-sponsored retirement plan to get the company match, and then contribute up to the max to a Roth IRA ($6,000 in 2022). But Roth IRAs have income limits: For 2022, single tax filers who make $144,000 or more are ineligible to contribute, and they can only contribute a reduced amount if they make … [Read more...] about I No Longer Qualify for a Roth IRA — Now What?
Getting The Most Out Of Your 401(k)
When it comes to saving for retirement, signing up for your company’s 401(k) and contributing enough to get the employer match is a great first step. But it definitely shouldn’t be your last step. To have enough money in retirement, most of us will need to save a lot more than that. You can contribute up to $19,500 per year in your 401(k), and the pre-tax contribution is subtracted from your … [Read more...] about Getting The Most Out Of Your 401(k)
What Does Market Volatility Mean for Your Investments?
Many millennials were either just starting our careers or still in school in 2008, and now we’re older, with more complicated lives and the additional bank accounts to match. Many of us have kids and mortgages now, or small businesses with employees we’ve had to lay off — or both. Once again, we’re faced with a truly scary time. We’re afraid for our health and the wellbeing of the people we love. … [Read more...] about What Does Market Volatility Mean for Your Investments?
How to Set Yourself Up for a Future Career Break
There may come a time in your career when working 40-plus hours a week just isn’t possible. It’s common to exit the workforce for a few years to deal with a health issue, or care for young children or elderly relatives. But your reasons for wanting a break may be different! Lots of workers are taking a detour from their career path to travel, take on a creative project, learn new skills, or avoid … [Read more...] about How to Set Yourself Up for a Future Career Break