Ask an Advisor: Can $1.4M in Savings and $1M in Stocks Secure

I‘m a 68-year-old single man in good health and I plan to work until I am 70. As of now, I have $400,000 in CDs, about $1 million in stocks, and about $1 million in my 401(k) and IRA …

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Ask An Advisor: Can $1.4M In Savings And $1M In Stocks Secure

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I‘m a 68-year-old single man in good health and I plan to work until I am 70. As of now, I have $400,000 in CDs, about $1 million in stocks, and about $1 million in my 401(k) and IRA …

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Ask An Advisor: Should We Move To A 60/40 Portfolio? We're In …

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I am 73 and my wife is 70 with one son. We have $235,000 in a savings account and we each have $250,000 in Roth IRAs. We also have $1.675 million in a brokerage account and $1.55 …

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11 Questions To Ask Your Financial Advisor About Your Portfolio

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Aug 26, 2022 · Martha invests $1 million with her financial advisor. One year later, a recession hits and her investment holdings are down $100,000 or 10%. While both Martha and her …

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How Would You Invest $14 Million? - A Wealth Of Common Sense

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Jun 6, 2024 · Some famous passive advisors say don’t take any risk unless you have to while others say you should be invested all in stocks because you don’t need the money anytime …

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Ask An Advisor: We're 56 With $1.2 Million In Investments And …

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While it appears that you and your wife have done a good job of saving over the years, the strategy your advisor is proposing sounds risky to me.

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Ask An Advisor: Can We Retire In 5 Years? We Have $1.45M Saved …

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We have $200,000 in savings earning 4.75% interest and another $250,000 in other investments that can earn about 10%. Our daily life is minimal, simple and basic, but we love to save …

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Ask An Advisor: We Have $1.45M Saved, Plus $1M In Rental

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We have $200,000 in savings […] The post Ask an Advisor: We Have $1.45M Saved, Plus $1M in Rental Properties That Make Us $5K Per Month. Can We Retire in 5 Years? appeared first on …

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Should Retirees Follow The 100-Minus-Your-Age Rule For ... - U.S.

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Feb 20, 2024 · The 100-minus-your-age long-term savings rule is designed to guard against investment risk in retirement. If you’re 60, you should only have 40% of your retirement …

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I'm A Financial Expert: 4 Easy Ways The Middle Class Can Retire …

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May 9, 2024 · For many middle-class Americans, $1 million is still a whole lot of money. With all the bills, monthly mortgages or rent, rising costs of groceries, among so many other expenses …

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Ask An Advisor: How Can I Make The Most Of $1 Million For Passive ...

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Oct 14, 2024 · Also, how can I minimize taxes on that to be able to keep more of that money? – Andrea While today's high-interest rate environment has […] The post Ask an Advisor: I Have …

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Ask An Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K In A

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Feb 1, 2023 · I am 60 years old, married, with no mortgage. We also have $1.1 million in liquid cash and $880,000 in a 401(k). I will have two pensions, which have not started yet, and my …

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Why People Who Work With A Financial Advisor Retire With An

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Nov 29, 2024 · Assuming a 20% annual savings rate with a 3% increase in income annually for 25 years, then 1% increase annually for the last 5 years. Without Advisor illustrates a 5% rate of …

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I Have $1 Million In Retirement Savings. How Much Can I …

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Aug 12, 2024 · Start by thinking about the amount you withdraw each year in proportion to your total balance. We call this a withdrawal rate. For example, if you have $1 million in your …

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1M In Savings/investments, Can I Retire Early? : R/personalfinance

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It all depends on what you expect your annual expenses to be. Lean or fat has a massively different monetary meaning in NYC vs Fargo. Assuming your annual expenses are in $100k …

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FAQs about Ask an Advisor: Can $1.4M in Savings and $1M in Stocks Secure Coupon?

Should I ask a financial advisor about my portfolio?

So, don't feel intimidated or shy to ask questions to your financial advisor about your portfolio. An informed client is an asset and not a liability. SPECIAL NOTE FOR INDIVIDUALS AGED 50+ WITH OVER $1 MILLION: Tying your $1 million+ portfolio to your retirement and tax plan can be hard. ...

Should you max out your 401(k) before investing in a taxable brokerage account?

One tactic could be to max out an employer-sponsored 401 (k) before putting savings into a taxable brokerage account. Or it could mean finding the right allocation strategy of stocks and bonds customized for your risk appetite and long- and short-term goals. ...

Should you invest 100 minus your age?

The 100-minus-your-age investing rule suggests that you should have 100 minus your age percent of your retirement fund in stocks. However, deploying this rule depends on your appetite for risk. If you’re short on retirement cash and can’t afford to lose any investment income, having 40% of your retirement fund in stocks may represent too much risk. ...

Should you invest in a savings account?

While having a robust savings account provides a safety net, excessive caution can lead to missed opportunities for higher returns through investments. Savings typically earn less over time, especially when inflation rates exceed the interest earned on savings accounts. This can erode purchasing power and hinder financial growth. ...

Should you invest 40% of Your Retirement fund in stocks?

If you’re short on retirement cash and can’t afford to lose any investment income, having 40% of your retirement fund in stocks may represent too much risk. If you’re more financially stable and in your 60s, a 70/25/5 retirement strategy may be better. ...

Do you know the nuances of saving and investing?

Whether you're building an emergency fund, saving for a major purchase or aiming to grow your wealth over the long term, understanding the nuances of saving and investing is key. Savings typically refer to the portion of income not spent on immediate expenses and put aside for future use. ...