quality funds in a well-diversified portfolio that earned 9.3 percent (all accounts) in the last 12 months, whereas the S&P 500 lost 14.8 percent.
He needs to maximize his savings for his own retirement as well as his daughter's education, yet his debt is absorbing 43 percent of his monthly income.
If he saves a total of $15,000 per year, assuming an 8 percent rate of return, he should have more than $1 million by the time he's 65, or even more if he can earn a higher rate of return.
Considering that she started saving three years ago, she has done well, ... I applaud her choice to put more emphasis on quality of life and her lack of debt.
Even for middle-income and upper middle-income clients, when I tell them they are looking at sometimes half a million dollars or more they'll need to leave behind, they usually say they don't have it,
Financial freedom is so intertwined with what a person wants to achieve in life. It doesn't necessarily mean never having to work again, but instead has more to do with realizing your own dreams.
You have to remember to tell all your relatives not to pass money on under the child's name, ... Anyone can blow up your plan.
The bump up to $5,000 for IRAs is huge, ... It will have a big impact in retirement savings.
It's difficult for some military personnel after five or six years who may be married, have kids and other financial obligations, ... If they haven't banked some on the side, it's tough.
She is off to a good start, ... and with savings discipline, she has a good chance of achieving her goals.
