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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Celia Brugge
Celia Brugge
CFP®, MBA
Memphis, TN
3 recent answers
Andrea Clark
Andrea Clark
AFC®
Pueblo, CO
1 recent answer
John C Brandy
John C Brandy
CFEd, AAMS
Redmond, WA
1 recent answer
Adam Funk
Adam Funk
CFP®, MSFP
Troy, MI
1 recent answer
Eric Jorgensen
Eric Jorgensen
CFP®, ChFEBC
Washington, DC
1 recent answer
All Questions: Retirement Savings
NewPosted September 16, 2016
John C Brandy

John C Brandy

CFEd, AAMS

We need to look harder at expenses. Are you really including everything like a mortgage, cable, phone, water, trash, gas, electric, tolls, parking, i...

NewPosted September 16, 2016
Celia Brugge

Celia Brugge

CFP®, MBA

Are you over 50? If so, then even if your contribution is capped, you are still allowed to make catch-up contributions to your 401(k) of up to $6000 ...

Posted September 9, 2016
Celia Brugge

Celia Brugge

CFP®, MBA

Since you have many years until retirement and make decent money, you should be able to save for multiple goals simultaneously. You're off to a stro...

Posted September 9, 2016
Adam Funk

Adam Funk

CFP®, MSFP

Yes, you are complicating your life for no benefit. The only reason to open another retirement account is because employer match or if it offered supe...

Posted September 6, 2016
John C Brandy

John C Brandy

CFEd, AAMS

If you're tired of owning them (a.k.a. you don't have a property manager), or you've really skimped on maintenance and it's been 8 - 10 years. Big st...

Posted September 2, 2016 · Dallas, TX
Stephen T. Hart

Stephen T. Hart

CFP®, MBA

Hi, thanks for your question!

Congrats on the new job. First off, it sounds like you're getting in to some pretty complicated tax issues. I'd recomme...

Posted September 2, 2016

Yes, anytime you take a withdrawal from your tax deferred retirement accounts the amount will be taxable income. If you live in a state with income t...

Posted September 1, 2016

That's an honest question if I ever heard one!

The honest answer is, no, you shouldn't spend all your money! Though you look pretty well set, what h...

Posted August 31, 2016
Mark Struthers

Mark Struthers

CFA, CFP®

Good questions. Having cheap credit available should be part of your plan; but in my view, it should be a backup to the emergency fund. If things go s...

Posted August 31, 2016
Eric Jorgensen

Eric Jorgensen

CFP®, ChFEBC

If you want to make withdrawals whenever you need to then investment accounts, including the 401k, are not the way to go. There are online banks, like...

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