• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About Us
  • Contact Us
IRA vs 401k

IRA vs 401k

Retirement Options

  • Home
  • Roth IRA
  • Roth 401k
  • SEP IRA
  • Simple IRA
  • 401K
  • Finanace
You are here: Home / Roth IRA / How to reach your financial goals in 2021

How to reach your financial goals in 2021

January 1, 2021 by Retirement

DULUTH, MN– It’s been a challenging 12 months for most, but with a new year comes new opportunities like; being smarter with your money.

MPPL Financial Advisor, Brian Resch said Thursday there are multiple ways to get your finances on the right track in 2021 and they all start with patience.

“We see year after year people set resolutions, they’re on the bandwagon for a couple of weeks and then they fall off,” said Resch.

Budgeting is also key.

“It really helps to avoid impulse buys.”

Resch adds after getting into that mindset start by setting small goals.

“There is a lot of opportunities to make a big impact with even small adjustments if you stick to it.”

If you are drowning in credit card debt Resh suggests looking into possibly transferring debt into a new credit card.

“You might be able to get a low interest or no interest credit card that you can transfer that balance to and make a point to pay it off before the end of that time period runs out.”

For those wanting to save for long-term retirement goals, Reschs suggests making contributions to IRA or Roth IRAs.

“Roth IRA’s are a little bit more flexible in that you can get your principle the amount you contributed back out under certain circumstances prior to retirement age.”

Resch adds with a traditional IRA there could be barriers and penalties for taking money out.

Having a financial nest egg can also help you in the long run and set you up for success in the new year.

“Having an emergency fund, you can access in time of debt is absolutely critical for financial security,” said Resch.

Filed Under: Roth IRA

Primary Sidebar

E-mail Newsletter

More to See

The Roth IRA

November 30, 2022 By Retirement

How much should I put in my 401k per paycheck?

How much should I put in my 401k per paycheck?

September 6, 2022 By

Who should use Roth 401k?

Who should use Roth 401k?

September 5, 2022 By

Is a Roth 401k a good idea?

Is a Roth 401k a good idea?

September 4, 2022 By

Should I convert my 401k to Roth 401k?

Should I convert my 401k to Roth 401k?

September 3, 2022 By

Is 40 too old to start a Roth IRA?

Is 40 too old to start a Roth IRA?

September 2, 2022 By

How much does a Roth IRA grow in 10 years?

How much does a Roth IRA grow in 10 years?

August 31, 2022 By

Footer

  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms of Use
  • Google News

Recent

  • How a Limo Service Can Make Your Trip More Comfortable
  • The Roth IRA
  • How much should I put in my 401k per paycheck?
  • Who should use Roth 401k?
  • Is a Roth 401k a good idea?