Is A Balanced Savings PlanóReducing Retirement Savings While Increasing Personal SavingsóBest For You?
More advisors are recommending a balanced savings approach in order to provide increased liquidity now, and more flexible withdrawal options in retirement. While that advice has tremendous emotional appeal, it’s a huge loser for your pocketbook! Below we discuss 5 reasons why.
A recent publication warned that squirreling away every dime of savings into your 401(k) plan is a bad idea. It advocated reducing retirement plan savings and increasing personal savings to provide more flexible withdrawal options, and potentially lower taxes, in retirement. Some dental advisors have recommended the...
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