Answers and Guides from Top Financial Advisors

0 votes
Take your time! Before you can properly invest your $60,000 of savings you need to fully understand your monthly expenses. Compare your monthly expenses to your monthly income which seems to be just social security. Now if your expenses exceeds your ...(more)
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David N. Smith Level 8
You are looking for an answer that can't be known without rear view mirrors. Stick to long term investing (10 years plus time horizon). Or spend your time listening to pundits that make money asking the same questions you do.
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David N. Smith Level 8
Do you know what is in the Vanguard Target Retirement Income Fund? There is a high probability that fund will experience a significant downturn at some point. Either the stock market portion will get it or rising interest rates will. That doesn't mean ...(more)
1 vote
Rich Winer Level 17
Rita, The answer to your question depends on your financial situation (i.e. sources of income and assets other than the $60K you mentioned), lifestyle and expenses, health and family health history, investment knowledge and experience, risk tolerance ...(more)
1 vote
Rita, As you know, at your age you have to be very careful what you do regarding investing your money for your retirement. Unlike a younger person, you can not afford to make a mistake primarily because you will not have enoughy time to recover any losses ...(more)
1 vote
John P. Duncan Level 8
How much are looking to withdrawal monthly? What is the longevity in your family and how is your health? Do you have consumer debt or a mortgage? May want to consider putting half in an annuity to guarantee payments for life and then invest 20k in ...(more)
2 votes
Alex Bentley Level 3
Value starts to matter when the market is going down. You will never be able to figure out what the Fed is doing. I believe in technicals as much as I believe in psychics. Short-term trading is essentially a waste of time. So that leaves long-term ...(more)
1 vote
Anil Vazirani Level 1
It all depends on what investment is being referred to. Whether it's an annuity or life insurance or any other type of investment there are always fees and commissions generated, either directly or indirectly. The question here that needs to be asked ...(more)
1 vote
Anil Vazirani Level 1
The best way and simplest way to ascertain the total amount of life insurance coverage you need can be based on your debts, replacement income for surviving spouse, and funding of kids education. In my 20 years the most effective financial planning tool ...(more)
0 votes
Simply put, unitized stock funds, are, as the name implies, company stocks that are unitized along with a cash component. It allows the company to execute transactions in an orderly way. The article that Rod posted is more specific.
2 votes
Simply put, unitized stock funds, are, as the name implies, company stocks that are unitized along with a cash component. It allows the company to execute transactions in an orderly way. The article that Rod posted is accurate and more specific.
0 votes
John, stable value funds fluctuate much less than bond funds, but they still participate in interest rate risk. In a rising interest rate and rising inflation environment, you could see your returns decrease, even to the point of being below the rate ...(more)
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Joshua, just contact HR at your former employer and ask for the phone number of the plan administrator. As the name implies, the plan administrator actually administers the accounts
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Romika, just contact HR for requirements, if they allow it. But as others have pointed out, you should not be borrowing from a 401(k) unless it is a true dire emergency. A 401(k) is intended to save for your retirement. If you contribute to a 401(k) ...(more)
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Michelle, just contact HR at your former employer and ask for the phone number of the plan administrator. As the name implies, the plan administrator actually administers the accounts.
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