Retirement Savings - Nerdwallet

Retirement Savings

Retirement savings refer to the money you save up so that you can stop working later in life and still have enough money to live on.

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Travis Sickle
Travis Sickle
CFP®, AAMS, CRPC, RICP, AIF®
Tampa, FL
5 recent answers
Marc Smith
Marc Smith
Dillsburg, PA
3 recent answers
Adam Harding
Adam Harding
CFP®
Scottsdale, AZ
1 recent answer
David Wirth
David Wirth
CFP®
McLean, VA
1 recent answer
Robert Wilson
Robert Wilson
MBA, MSF
Calverton, NY
1 recent answer
All Questions: Retirement Savings
NewPosted August 19, 2016
James Kinney

James Kinney

CFP®, CCPS

My first suggestion would be that it may be time to speak with a financial planner. Given that you are just started investing, seek a planner who wil...

NewPosted August 17, 2016
Dave Anthony

Dave Anthony

CFP®, RMA

Oh ya! $750k looks so good, but the future taxes are going to hurt so bad! Especially when you factor in the future required minimum distributions at ...

NewPosted August 17, 2016

Nice job having saved up $10k as a 23 year old. I would recommend you open a Roth IRA and make a $5,500 max contribution for this year. Then on Jan 1,...

NewPosted August 17, 2016

The penalty is for prior to age 59.5. This may or may not be you. However to your question, as long as you deposit it back or roll it over to an IRA...

NewPosted August 14, 2016

Coming here is a great start. I'm sure some of the advisors here, including myself, would love to work with you. In your situation, with your income a...

NewPosted August 14, 2016

This is an important question and the answer is 'it depends.' $400k might be a great amount for you, but not for someone with a higher cost of living....

Posted August 13, 2016
Travis Sickle

Travis Sickle

CFP®, AAMS, CRPC, RICP, AIF®

The facts are probably incorrect.

It sounds like a permanent life insurance policy such as a variable universal life or indexed universal life policy...

Posted August 13, 2016 · Tampa, FL
Travis Sickle

Travis Sickle

CFP®, AAMS, CRPC, RICP, AIF®

Based on the information you provided, your advisor is right.

The withholdings on your IRA may be 20% but you'll have to add the withdrawal to your...

Posted August 13, 2016 · Los Angeles, CA
J.K. Roberts

J.K. Roberts

CFP®, CRPC

Funny you've asked this. I'm actually in the same boat. I have a young family and we've outgrown our home. We like historic area we live in, but the...

Posted August 12, 2016 · Los Angeles, CA

Congratulations to you both on the work you have done to accumulate the savings you have and also for having a manageable mortgage payment!

There are...

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