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retirement savings
Avoid These 5 Retirement Savings Mistakes

Avoid These 5 Retirement Savings Mistakes

Who, me? No one likes to admit they’re making (or have made) a mistake. Sometimes, you don’t even know you’re making one. Ever heard the phrase “You don’t know what you don’t know?” This applies to all aspects of life, including retirement savings. It might take someone pointing out your mistake for you to realize you’re making it. I wish someone had pointed out mistakes I had made with my retirement savings long before I realized them for myself. Below are…

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pension
What To Know About Your Pension

What To Know About Your Pension

We just wrapped up National Retirement Security Week. Now is a great time to take a peek at your retirement accounts and increase your contributions. Also make sure that your fees are as low as possible and your allocations are correct. I personally started contributing 5% of my gross salary to a Roth 401(k). This is in addition to my regular 401(k), Roth IRA, and other retirement contributions, including my pension. I’m working hard to set my family up for…

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how to make a million dollars
How Much Do You Need To Retire?

How Much Do You Need To Retire?

The other day, a fellow firefighter told me he’d like to sit down with me and talk about money, and specifically, retirement. I agreed and told him to start thinking about where he’d like to begin. He said, “I’d rather focus on where I want to end up – I don’t want to have to work in retirement.” He had clearly outlined a major retirement goal for himself, and in doing so, identified a specific need. He’ll have to have enough…

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