It’s easy to set up automatic savings for $200 or $300 a month. Those are nice round, arbitrary numbers to get you started. But do you really know how much you need to save? My guess is you’re not saving enough for retirement.
Eventually you need to do some work and find out exactly what it takes to make your retirement a successful one. The sooner the better. So if you’re really serious, your retirement savings needs to be a priority.
Focus On Saving Enough
Let’s be honest. The financial landscape is littered with general advice. General is good if you want to learn. But if you want to tailor any of it to your needs, you must be willing to do more work. And if you’re hesitant, unsure, afraid of mistakes, or don’t know where to start, sit down with a fee only advisor. Given the option to spend a little money now to know you’re on track or wait 30 years and hope for the best, you’re future self would spend the money any day. The worst that will happen is you find out the truth. Continue Reading…

A great retirement starts with a great plan, tools, and an understanding of the rules. Overlooking one IRA rule can throw your retirement plan out of whack. I put together this resource to give you everything you need to know about the traditional IRA rules (and probably some stuff you don’t) so your retirement plan goes off without a hitch.
There are many
Let’s face it, there are many mistakes investors make. Trying to single one out as the biggest, or worst mistake ever is tough. I’ve made my share over the years, including this one. What’s worse, this has played a consistent role in past bubbles and busts.