At some point in everyone’s life the question of how and when do I begin saving for retirement will probably arise. This is a question that John McCann and Michael Clark get all the time from radio listeners and clients alike.
It is important to realize that there is not any single fitting answer to this question. Michael and John usually recommend starting to look into debt, and if you have “enough” in your emergency fund (easily accessible cash). Tune in to learn more about this as well as other important topics such as when to take social security and its tax consequences.
The quote of the day this week is “Because as we all know, the easiest way to be at the top of your field is to choose a very small field”.
Need to find something from today’s show? We have you covered down to the minute!
- Question on where to start for retirement. – 7 min
- Waiting to take out social security? – 13 min
- Tax consequences on taking social security – 23 min
The information contained in this blog does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Michael Clark and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation.