We do love it when someone refers a family member or friend to us.  Sometimes the question is, “How can we introduce them to you?”   Well, there are multiple ways but a very easy way is to simply forward them a link to this webpage.

Here are this week’s items:

We do love it when someone refers a family member or friend to us.  Sometimes the question is, “How can we introduce them to you?”   Well, there are multiple ways but a very easy way is to simply forward them a link to this webpage.

Here are this week’s items:

You Have $1 Million in Your 401K – Now What?

Radon and Murs discuss what actually happens once a household crosses the $1 million mark in their 401k, and why hitting that number raises new questions instead of settling old ones. They walk through why the balance on your statement isn’t the number you actually get to spend, how required minimum distributions can sneak up on even careful savers, and why the investment strategy that built your nest egg isn’t the one that should carry you through retirement.

You Have $1 Million in Your 401K – Now What?

Watching your 401(k) cross the $1 million mark is a real accomplishment.

It may represent 30 or 40 years of contributions, company matches, market growth, and the discipline to keep saving along the way. At some point, the focus shifts from how much you’ve accumulated to what those savings can actually do for you.

How much will be available to spend after taxes? Where will your retirement income come from? How should the money be invested once you’re withdrawing instead of contributing? And what happens to whatever you eventually leave behind?