As you approach retirement age, it's essential to start thinking about your financial security. One critical factor that can impact your retirement is debt. It's crucial to prioritize paying down debt before you retire to ensure a comfortable and stress-free retirement.
Here are some reasons why paying down debt before retirement is important:
In our client meetings, the term “wealth” is often tossed around somewhat loosely. We talk about building wealth, managing wealth, enhancing wealth, and preserving wealth as if the concepts are universally understood. But what exactly is wealth? It’s such a vague term that every person has a slightly different meaning.
Retirement and financial independence are two terms that are often used interchangeably. However, they have different meanings and implications for your financial future. In this article, we'll explore the differences between the two concepts.
Understanding how your savings can work for you is an important part of creating your financial future. If you’re curious about personal finance and want to learn more, here are some common questions we hear from new clients.
If you're looking for a way to save more for retirement than what traditional 401(k) or IRA accounts allow, a mega backdoor Roth might be worth considering. This is a strategy that enables individuals to contribute significantly more after-tax dollars to their retirement accounts than they would be able to otherwise.
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