Social security will not be around forever but it remains a tremendous benefit for Baby Boomers in retirement. Many Americans don’t realize that they aren’t maximizing the benefits they could be receiving. Here are three basic rules when it comes to maximizing Social Security benefits: Read More
To show how affective early investing is, we have an example of two participants:
Participant A starts to invest $2,000 per year starting at age 21 and stops at age 30. At age 60, the estimated value of Participant A’s portfolio is worth $367,000.
Participant B starts to invest $2,000 per year starting at age 31. By the time Participant B reaches 60 years of age, their estimated portfolio is worth $247,000. Read More
There are several options to look into when you want to start an IRA or continue to put away money for the future. The two primary choices are a Roth IRA or Traditional IRA. It is important to ask your accountant or advisor if you qualify due to income limits and 401k disqualifications. Read More