So you’ve signed up for your company’s 401(k) plan or opened an IRA for your retirement savings. Congrats! That’s a great first step. But if you haven’t made your investment choices yet, you may still be behind the curve.
As the beneficiary of an inherited IRA, you have a decision to make about how and when you will begin to take distributions. Some factors that impact your options will be beyond your control. Others, however, will help determine an optimal distribution strategy.
When your child is planning a wedding, it’s easy to get swept up in the excitement and to want to contribute all you can. Here’s how to balance chipping in for the big day with your other savings goals so you don’t get off track.
While a six-figure inheritance or high-paying job can land you in the top 1% of earners, it’s the little things—your money habits—that often make the difference between a life of prosperity and one of constant financial stress.
If the idea of retirement leaves you filled with stress over money, now may be the time to take charge. Every situation is different, so be sure to speak to a qualified financial advisor about your options.