RetireWire is dedicated to helping those nearly retired master their money and finances through webinars, tools, articles and education.
What's Better? Roth 401(k) or Pre-Tax 401(k)?
Your 401(k) at work is one of the best ways—if not THE SINGLE best way—to save for retirement! The 401(k) makes it easy, quick, relatively painless, and forces you to “dollar cost average” into your investments over time. Your 401(k) may also provide employer matching contributions and lower costs than you’d be able to get on your own due to economies of scale!
But, for all of their glory, the 401(k) can be difficult to navigate. There are rules and potential penalties. There are limits and restrictions on investments. Most importantly, most 401(k) plans today have the Roth or pre-tax option, making things even MORE confusing!
This short video explains the differences between the Roth 401(k) and the pre-tax 401(k) and will guide you towards which one is best for you and your retirement planning needs.
What is financial planning and why you need a financial plan
In this episode, I dispel the general misconceptions about financial planning and explain all of the money challenges a real financial plan will help you solve. Real financial and retirement planning covers taxes, estate, insurance, debt and credit, investing, income planning, and more! But the Wall Street marketing machine has trained you to think financial planning is investment-focused. Unfortunately, for most "financial advisors", financial planning is just a watered-down pretty software proposal designed to encourage you to buy an insurance or investment product. Real comprehensive financial planning is all about solving problems, not selling products.
The Pre-Retirement Checklist Will Make Or Break Your Retirement
The pre-retirement checklist is something every nearly retired person should go through. There are tons of them out there, but my pre-retirement checklist breaks concepts down into three simple things - Learning About, Planning, and Trying Retirement.
Learning - There are so many things we've learned over our lifetimes and retirement typically isn't one of them. You need to use the resources available and familiarize yourself with retirement concepts, dates, deadlines, expenses, and more!
Planning - Retirement planning is the most important part of the process. Unfortunately, this really requires some sophisticated software and someone who knows not only how to use it, but your retirement finances as well.
Trying - You should take a trial run at retirement. See how you like it! Use your vacation pay, stop putting money into your retirement plans at work, spend some quiet time on the couch AND some fun time on the golf course. Get a handle for how retirement will be for you.
Download my FREE Retirement Mastery Toolkit for more information.
How in the WORLD does Las Vegas come back from Coronavirus?
The rest of the country and most of the rest of the world will be fine as we exit the Coronavirus catastrophe, but Las Vegas? Not so much. It's going to take Las Vegas a tremendous amount of time and ingenuity to come back from COVID-19.
How to find a financial advisor you can trust
In this quick breakdown of my recent webinar on finding a financial advisor you can trust I discuss the 5 steps you need to be highly attentive to in order to find the best financial advisor for your situation. Before the 5 steps, however, I discuss how you really should raise the bar on what you expect from a financial advisor to make sure you get the best one for your unique situation.
7 Ways to Make Money During Coronavirus
In this episode I discuss 7 ways to make money during stressful financial times like the Coronavirus epidemic has caused. Most importantly, I explain these topics to help prepare you for the next stock market meltdown.
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Preparing for retirement?
Greg’s podcast is filled with lessons in how to retire and create a solid income stream without missing the little details so many retirees do!