Given the choice, should you contribute to a 401k or Roth IRA? Which is the best IRA investment choice? If the Roth is as good as everyone says it is, should you consider converting your 401k to a Roth or Roth 401k? To make a good decision, you have to have a basic understanding of […]
Retirement Planning
This category is the heart and soul of Wealth Pilgrim. Here you’ll find a host of information created to help you reach your retirement goals and enjoy the journey. These are nuts-and-bolts articles to help you understand where you are now, identify where you want to be and when you want to get there, and design a roadmap to help you do so.
How to Hire a Top Financial Advisor Even If You Don’t Have Much to Invest
You can hire a top financial advisor – even if you don’t have much money. A few weeks ago I received an e-mail from “K” asking how to invest her IRA accounts. She was convinced that she didn’t have enough money to hire a top financial advisor. Not everybody needs to hire a financial advisor. […]
What Is the Best IRA Investment for You?
What is the best IRA investment to make right now? Of course there is no single “one-size-fits-all” answer. It depends on your age, ability to withstand risk, financial goals and other considerations. Here’s an e-mail I received recently asking for some guidance on IRA investments: I am age 59 and my combined retired fund is […]
Retirement Income Planning Made Simple
Retirement income planning isn’t so easy these days with a rocky stock market and ridiculously low interest rates. Here are a few good choices and the pros and cons of each: 1. CDs Not my favorite choice with rates this low. Who wants to lock up their money for three years and earn next to […]
Young Couple Has Trouble Saving for Retirement – The Solution
Are you having trouble saving for retirement ? If so, here’s a story that might help. I received a few wonderful comments the other day from “K,” a hard-working Pilgrim. She also had a few questions. She’s interested in saving money for retirement, but she and her husband are already super frugal. Here’s K: We’re […]
Saving Money for Retirement — 6 Steps to Peace of Mind
You already know how crucial it is to be saving money for retirement – no matter what stage of life you’re in. Here are 6 steps to help you do just that: 1. The Plan Lots of people assume that spending is the most important element for retirement success. Not so. If you […]