August 5, 2021 6 min read This story originally appeared on MarketBeat In September 2000, the Employee Benefit Research Institute (EBRI) with the Retirement Security Research Center (RSRC) surveyed 2,000 individuals, aged 62 to 75. Of these individuals, 97% reported being retired (80% … [Read more...] about Retirees Wish They’d Saved More. Will You Be in the Same Boat?
Why Your Car’s Gas Gauge Might Be Lying
ArtmannWitte / Shutterstock.com The next time your car’s gas display indicates you will run out of gas in 20 miles, take the warning with a grain of salt. It turns out that relying on such indicators can get you in a heap of trouble. According to a AAA study, the accuracy of such systems varies widely. Drivers who rely on such warnings before filling up are taking an … [Read more...] about Why Your Car’s Gas Gauge Might Be Lying
‘Who knows if I’ll live until retirement?’ I have $10K in credit-card debt and $4.5K in student loans. Should I tap my $24K 401(k)?
Dear Quentin, I’m 41 years old, father to two lovely teenage daughters, and married to my second wife for a little over a year. I’m sitting on about $10,000 of credit-card debt, and I’ve still got about $4,500 to pay off for my student loan. Our combined income is just about $100,000 a year. I’ve got an arguably small amount of money invested in a 401(k), … [Read more...] about ‘Who knows if I’ll live until retirement?’ I have $10K in credit-card debt and $4.5K in student loans. Should I tap my $24K 401(k)?
Research Scientist in Bay Area, CA — Money Diary
Occupation: Research ScientistIndustry: BiotechAge: 30Location: Bay Area, CASalary: $99,000Net Worth: ~$85,000 ($45,000 savings + $30,000 Roth IRA + $19,000 Roth 401k + $4,000 brokerage account - debt) I don't know the value of my car so that's not included. I also have stock options but none have vested.Debt: ~$13,000 (car loan)Paycheck Amount (2x/month): $2,068.33 (after … [Read more...] about Research Scientist in Bay Area, CA — Money Diary
Prepare Clients for a Litigious 401(k) Environment
Accountants are well-positioned to offer advice on 401(k)s and other retirement plan options for small business clients…especially before legal issues can set in. But how does this happen? Well-meaning small business owners often take great care to set up retirement plans initially, carefully choosing the mutual fund lineup and plan policies. Then, they assume most of their … [Read more...] about Prepare Clients for a Litigious 401(k) Environment