Q&A
Asked by Cortland
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
It may be more helpful for you to think of it as cash flow: "Every month Uncle Sam makes a pension deposit and a Social Security deposit in my bank account of $XX and...
Q&A
Asked by Brett Lyle
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Brett, the key to your answer is in your question, "long term". Any investment or savings decision should be weighed against your particular risk tolerance. In very...
Q&A
Asked by Theresa
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
If you haven't started yet, it will be way more than you want to. What are your likely monthly expenses in retirement? Start with that and work backwards - a compoun...
Q&A
Asked by an anonymous user
Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
This country has made a revolutionary shift from pensions to a self-service retirement model (401Ks, IRAs, etc). The average baby boomer has not yet fully adjusted to...
Q&A
Asked by victor piediscalzo
Answered by Tracy Scott Burke, CFP®, ChFC® in Harrisburg, PA
Victor, Thanks for your question. Some type of a tax-deferred retirement account would likely be best in your situation in lieu of bank savings. If you have acces...
Q&A
Asked by Judy
Answered by Martin A. Smith, CRPC®, AIFA® in Bowie, MD
Hi Judy, The best way to find CD rates is to contact a financial advisor who can provide you with a list of CDs with financial institutions (banks and brokerages) t...
Q&A
Asked by Kathleen
Answered by Dan Crimmins, Financial Adviser in Woodcliff Lake, NJ
Kathleen - It is great that you are saving for your retirement. The difference between a Roth IRA and a traditional IRA is when the tax is due. When you contributed...
Q&A
Asked by an anonymous user
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
You answered your own question: on the face of it it looks like you will clear enough - or nearly enough - from the sale to pay cash for the new house. It the sale pr...
Q&A
Asked by Dave
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Dave, It looks like you will have enough income in retirement to cover a new mortgage. The mortgage will provide some deductions for tax purposes. You will have to ...
Q&A
Asked by Boyce
Answered by Cathy Curtis, Financial Adviser in Oakland, CA
Good morning, First off, go back over your last year of credit card and bank statements and create an expense worksheet based on that review. First , focus on your dis...
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Retirement

Retirement
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