Retirement Income Archives

26 07, 2020

3 Things to Know About Your 401(k)
3 Things to Know About Your 401(k)

3 Things to Know About Your 401(k)

BML Wealth Marketing2020-07-26T15:02:45-07:00July 26, 2020|Financial Planning, Retirement Income, Retirement Planning|

We all know that a 401(k) is one of the most important retirement planning tools we have. The potential tax benefits and power of compound interest can make it a great saving and investment tool for anyone who practices financial discipline and contributes regularly. There are several important things to know about your 401(k), such as how much you can contribute, options for your 401(k) when you leave your job, and how much you are paying in 401(k) fees. You Have Options for Old 401(k)s When you leave a job, you can either cash out [...]

20 07, 2020

3 Things to Know If You Don’t Want to Leave Your Retirement Income to Chance
3 Things to Know If You Don’t Want to Leave Your Retirement Income to Chance

3 Things to Know If You Don’t Want to Leave Your Retirement Income to Chance

BML Wealth Marketing2020-07-20T13:44:08-07:00July 20, 2020|Retirement Income, Retirement Planning|

If you're nearing the end of a long career or have recently retired, you know something about what it takes to be successful. Luck can help, but hard work and proper planning are much more important. It's the same with retirement. Deciding where your income will come from, working to help minimize your tax burden, and knowing how much you're paying in fees are important parts of creating a solid retirement plan. Here’s what to know if you don’t want to leave your retirement income to chance. Know Where Your Income Will Come From Once [...]

4 03, 2020

Spring Cleaning Your Retirement Accounts
Spring Cleaning Your Retirement Accounts

Spring Cleaning Your Retirement Accounts

BML Wealth Marketing2020-03-04T15:00:31-08:00March 4, 2020|Retirement Income, Wealth Management|

By the time you’re ready to retire, you’ve probably had a number of jobs over the course of your working life. In fact, according to the Bureau of Labor Statistics, Americans hold an average of 12 different jobs by age 50. This means that it’s likely you also have more than one 401(k) account, leaving you with a few options for spring cleaning your retirement accounts; rolling over your old 401(k)s into your IRA or 401(k) at your current job, leaving it where it is, or cashing out. If you’re looking to spring clean your [...]

15 10, 2019

Don’t forget about Your Old 401(k)s
Don’t forget about Your Old 401(k)s

Don’t forget about Your Old 401(k)s

BML Wealth Marketing2020-04-16T16:10:40-07:00October 15, 2019|401K, Retirement Income|

Do you have multiple 401(k)s? If you left your money in a former employer’s 401(k), you may want to reconsider as you near retirement. According to the Bureau of Labor Statics[1], Baby Boomers have held an average of 12 jobs by the time they turn 50. When you leave a job, the money you contribute to your 401(k) is still yours, and you may also be able to keep your employer’s contributions depending on your vesting schedule. There are a few options for your old 401(k)s: You can cash out of the plan, leave the [...]