#financial-decision-making tag

I'm 55 with $300,000 left on my mortgage and $200,000 in savings - should I focus on paying off my mortgage or boosting my retirement accounts?

Balancing mortgage payments and retirement savings hinges on mortgage interest rates and potential investment returns.

Consider your retirement goals and timelines when choosing between paying off a mortgage and saving for retirement.

Psychological comfort with debt can influence financial decisions nearing retirement.

I'm in my 20s and make $100k a year - is it better to stash money in a Roth 401(k) r over a Traditional 401(k)

Choosing between a Roth 401(k) and a Traditional 401(k) requires careful consideration of tax implications and personal financial goals.

I am planning on retiring well before I turn 62 but am worried how it will impact my Social Security - how can I be sure?

Deciding when to take Social Security benefits depends on individual circumstances, health, and potential income from other assets.

3 Questions Everyone Needs to Ask Before Claiming Social Security

Your Social Security benefit amount is influenced by your filing age.

Know your full retirement age to avoid reduced benefits.

Evaluate your savings and retirement budget carefully before claiming Social Security.

Should we sell our paid-off home and downsize? My wife says yes, but I'm not so sure

Older couples should consider the financial benefits of downsizing and renting when their children move out, particularly for retirement planning.

My wife and I are on track to be at $12 million in net worth in 5 years and we think we could retire with $50m if we keep doing these steps

The decision to work longer for increased wealth versus enjoying life with substantial savings is complex for those with significant net worth.

I'm 55 with $300,000 left on my mortgage and $200,000 in savings - should I focus on paying off my mortgage or boosting my retirement accounts?

Balancing mortgage payments and retirement savings hinges on mortgage interest rates and potential investment returns.

Consider your retirement goals and timelines when choosing between paying off a mortgage and saving for retirement.

Psychological comfort with debt can influence financial decisions nearing retirement.

I'm in my 20s and make $100k a year - is it better to stash money in a Roth 401(k) r over a Traditional 401(k)

Choosing between a Roth 401(k) and a Traditional 401(k) requires careful consideration of tax implications and personal financial goals.

I am planning on retiring well before I turn 62 but am worried how it will impact my Social Security - how can I be sure?

Deciding when to take Social Security benefits depends on individual circumstances, health, and potential income from other assets.

3 Questions Everyone Needs to Ask Before Claiming Social Security

Your Social Security benefit amount is influenced by your filing age.

Know your full retirement age to avoid reduced benefits.

Evaluate your savings and retirement budget carefully before claiming Social Security.

Should we sell our paid-off home and downsize? My wife says yes, but I'm not so sure

Older couples should consider the financial benefits of downsizing and renting when their children move out, particularly for retirement planning.

My wife and I are on track to be at $12 million in net worth in 5 years and we think we could retire with $50m if we keep doing these steps

The decision to work longer for increased wealth versus enjoying life with substantial savings is complex for those with significant net worth.

moreretirement-planning

The mortgage rate resting state: Understanding the new normal

Perspective on mortgage rates can easily be lost; it's crucial to trust data over feelings in financial decisions.

What should I do about a previous pension that's getting sold to another company?

Pensions, once viewed as secure, now face risks due to company bankruptcies, emphasizing the need for informed retirement planning.

I'm 33 years old and am about to pull $400k from my $2 million portfolio for a home project - will I regret using and enjoying this money now?

It's natural to fear spending large sums of money on home remodeling, but such investments can enhance property value in the long run.

Research: Why People Will Pay a Premium to Complete a Task Sooner

People may prefer paying more to complete goals sooner due to the mental burden of unfinished tasks.

#financial-decision-making#financial-decision-making

I'm 55 with $300,000 left on my mortgage and $200,000 in savings - should I focus on paying off my mortgage or boosting my retirement accounts?

I'm in my 20s and make $100k a year - is it better to stash money in a Roth 401(k) r over a Traditional 401(k)

I am planning on retiring well before I turn 62 but am worried how it will impact my Social Security - how can I be sure?

3 Questions Everyone Needs to Ask Before Claiming Social Security

Should we sell our paid-off home and downsize? My wife says yes, but I'm not so sure

My wife and I are on track to be at $12 million in net worth in 5 years and we think we could retire with $50m if we keep doing these steps

I'm 55 with $300,000 left on my mortgage and $200,000 in savings - should I focus on paying off my mortgage or boosting my retirement accounts?

I'm in my 20s and make $100k a year - is it better to stash money in a Roth 401(k) r over a Traditional 401(k)

I am planning on retiring well before I turn 62 but am worried how it will impact my Social Security - how can I be sure?

3 Questions Everyone Needs to Ask Before Claiming Social Security

Should we sell our paid-off home and downsize? My wife says yes, but I'm not so sure

My wife and I are on track to be at $12 million in net worth in 5 years and we think we could retire with $50m if we keep doing these steps

The mortgage rate resting state: Understanding the new normal

What should I do about a previous pension that's getting sold to another company?

I'm 33 years old and am about to pull $400k from my $2 million portfolio for a home project - will I regret using and enjoying this money now?

Research: Why People Will Pay a Premium to Complete a Task Sooner

#financial-decision-making
#financial-decision-making