When it comes to working with a wealth manager or financial advisor, you’re going to want a specialist.Continue reading » Jack of All Trades, Master of None
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Did you know that the federal government, specifically the IRS, is a partner of yours in retirement when you have a 401K or IRA? When you turn 70.5, the government forces you to start taking distributions out of your 401K or IRA so that they can start taxing you on those distributions to get your money. These are known as required minimum distributions.Continue reading » Required Minimum Distributions: What and Why
Fee is a word that no one likes to see, especially when it comes time to retire.Continue reading » Understanding Retirement Plan Fees
When trying to achieve their retirement goals, people often stay with their long-term broker simply because they don’t know what else to do.Continue reading » Is it Time to Break Up with your Broker?
At Ty J Young Inc., we often get asked, “when should I take social security?” Having social security money sooner rather than later can be very meaningful when it comes to maintaining an enjoyable lifestyle in retirement.Continue reading » When Should You Take Social Security?
When you were a kid, you most likely kept the coins you collected in a piggy bank or glass jar on your dresser—a representation of your collective wealth at the time. Little did you know then, but saving your loose change as a child was practice for what would ultimately become vital to your future well-being: saving for your retirement. It’s important to keep in mind that it is never to early to start saving.Continue reading » It’s Never Too Early to Start Saving
The word “annuity” may inspire confusion and doubt in some people who hear it aloud or see it on paper. That’s because there are several myths about annuities floating around out there.Continue reading » Debunking the Myths of Annuities
In the year 2000, the stock market went down 50 percent. Would you have rather had a zero rate of return, or negative 50 percent?Continue reading » Zero Can Be Your Hero
Complacency when it comes to finances could mean taking on unnecessary expenses, allowing expenses to be greater than they need to be or thinking you have enough money to retire when you really don’t.Continue reading » How Much Does Complacency Cost You?
At Ty J. Young Inc., we often ask our clients this question. If you double your money, does it change your life?Continue reading » If You Double Your Money, Does it Change Your Life?