Is A Balanced Savings Plan—Reducing Retirement Savings While Increasing Personal Savings—Best 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...
Log in to view full articleBack
The McGill Advisory is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal or accounting advice or other expert assistance is required, the services of a competent professional should be sought.
Copyright © 2018 John K. McGill & Company, Inc. All Rights Reserved.