Last
evening we addressed preparing for retirement. How prepared are you. What
measures do you need to undertake to ensure you a retirement safety net?
I was definitely not prepared. However, after listening to all my options at this last class the next day I began making calls to rollover my 401k. Here is another reason why this class is such a benefit for everyone.
Same Laura, it was nice to know that I can take control of my finances. I have to make calls to the finance department at my job just to see where I stand in these different areas of retirement.
As a matter of fact, I made my calls to get tge ball rolling but my previous employer still has me active on my 401k. Im a bit frustrated because I know her very well and she's the the type of boss that will take her sweet time or wait until the last minute to get things done. I just reached the end of my probation period at my new job and I dont want to start asking for time off. Ugh!
I am learning so much in this class. About 401k. Retirement. Investing and Roth/IRA. As I am coming to retirement. I realize that there is Alot of things to consider before that time comes.I reached out to Zachary Tracey from Wells Fargo. For a sit down one on one. To understand what and how I need in order to be ready financially when that time come.
This weeks class was such an eye opener. Due to the anxiety I have with money,knowing what my retirement plan was unknown. But I do feel a bit more confident about looking towards what my job offers, and signing up for a Roth IRA. I have started looking at banks and my finances as well as looking through my paperwork to see if I even started paying towards my retirement. My next steps involve me taking control of my finances and not be scared of dealing with them.
Sarah dont be scare. One of the reasons we find it hard to get ahead is fear. I have learned to say "Iam" rather than "I will, I should, I might or I can't" with that being said keep in mind that you can only succeed at the things that you ONLY set your mind to. You have already taken the very important step of attending this class. Going forward think debt free and financial stability.
I realize that even through I have a 401k plan with my employer there are other sources I should be utilizing in order to maximize my retirement income. With this knowledge my first step is to start small and invest in a Certificates of Deposit (CD) for 1-3 years. Then once I will withdraw the funds from the CD and invest the funds into a Roth IRA and or Bonds. The past class has enlighten me that I need to live for today and tomorrow.
Yes Ashley awesome planning. There are multiple ways to plan for retirement and you should definitely not rely on one source of income during retirement. In time we'll be able to kick back and enjoy retirement because of the decisions we made today.
Hi Shenice I am do grateful for this class and everything that I am learning. I dont want to rush the hands of time but I am excited to enjoy the retirement life.
At this moment besides gathering information from this class and a financial advisor, I have not begun to actively put away money for my retirement. Part of this is because I felt I did not have the funds to contribute each month to a ROTH and furthermore I had to wait 1 year before I could enroll in my company's 401K plan. Last month made a year so I really need to begin taking action.
Hi Shenice, I was in the same situation not having money to contribute to a retirement savings...It's good to hear that you will be taking action. Keep moving forward...you'll get there!
The Financial Advisor provided excellent information on Tuesday night, but I felt out of place I am a day late and a dollar short. I took an early retirement at the age of 62 when I was laid off from my last. I have a Roth IRA, I have stop making contribution, until I find a better Job.
Hi Shirley, wow I am sorry to hear that you had to withdrawn from your retirement funds already. But the money was needed at the time and I would have done the same thing, honestly I withdrew money from a retirement plan just because I was changing employers and wasn't aware that I could rollover my funds. At least you are learning how to improve your financial status, and I know you have the drive to follow through. Hopeful you gain better employment, and will be able to contribute towards your Roth IRA soon.
I am not prepared as I want to be. After listening to the financial advisor from Wells Fargo I realized I need to get on the ball with myself. However I feel like I am at the lowest point in my career and back peddling. I cant move forward if I am not making the money I use to. It's a scary and uncertain feeling as you get older when you lose a job and your income.
Lisa, you will make it. One step at a time. You will not be able to achieve all your financial goals in one swoop. Create your priority list, your budget, and over time, things will come together.
I will prepare for retirement by opening a Roth IRA, and continuing my education to plan better. I will also invest in mutual funds. I will like to meet with a financial advisor in the near future as well.
I definitely have not prepared for retirement. I know that money is withdrawn from my paycheck for retirement purposes, but I never check the percentage or see if I will be able to live off what is withdrawn when I retire. A huge part of this is the fact that I feel retirement is so far away, and I was so confused about how to really be ready for retirement. Now that I have the knowledge, changes will be made.
I have not started to plan for retirement. it wasn't even a thought I have just been trying to get through the month okay. but I have been looking into ways I can put a little money away so I don't even see it. I know its will be a small amount but its a start to get to the end game of having money for retirement
I was definitely not prepared. However, after listening to all my options at this last class the next day I began making calls to rollover my 401k. Here is another reason why this class is such a benefit for everyone.
ReplyDeleteSame Laura, it was nice to know that I can take control of my finances. I have to make calls to the finance department at my job just to see where I stand in these different areas of retirement.
DeleteExcellent job Laura in moving forward with planning for your retirement. I hope you were able to rollover your 401k without any issues.
DeleteAs a matter of fact, I made my calls to get tge ball rolling but my previous employer still has me active on my 401k. Im a bit frustrated because I know her very well and she's the the type of boss that will take her sweet time or wait until the last minute to get things done. I just reached the end of my probation period at my new job and I dont want to start asking for time off. Ugh!
DeleteYou are moving in the right direction.dont get discouraged.You got this. keep
DeleteI am learning so much in this class. About 401k. Retirement. Investing and Roth/IRA. As I am coming to retirement. I realize that there is Alot of things to consider before that time comes.I reached out to Zachary Tracey from Wells Fargo. For a sit down one on one. To understand what and how I need in order to be ready financially when that time come.
DeleteThis weeks class was such an eye opener. Due to the anxiety I have with money,knowing what my retirement plan was unknown. But I do feel a bit more confident about looking towards what my job offers, and signing up for a Roth IRA. I have started looking at banks and my finances as well as looking through my paperwork to see if I even started paying towards my retirement. My next steps involve me taking control of my finances and not be scared of dealing with them.
ReplyDeleteSarah dont be scare. One of the reasons we find it hard to get ahead is fear. I have learned to say "Iam" rather than "I will, I should, I might or I can't" with that being said keep in mind that you can only succeed at the things that you ONLY set your mind to. You have already taken the very important step of attending this class. Going forward think debt free and financial stability.
DeleteThats right Sarah don't be scared we gonna take control together.
DeleteI realize that even through I have a 401k plan with my employer there are other sources I should be utilizing in order to maximize my retirement income. With this knowledge my first step is to start small and invest in a Certificates of Deposit (CD) for 1-3 years. Then once I will withdraw the funds from the CD and invest the funds into a Roth IRA and or Bonds. The past class has enlighten me that I need to live for today and tomorrow.
ReplyDeleteYes Ashley awesome planning. There are multiple ways to plan for retirement and you should definitely not rely on one source of income during retirement. In time we'll be able to kick back and enjoy retirement because of the decisions we made today.
DeleteHi Shenice I am do grateful for this class and everything that I am learning. I dont want to rush the hands of time but I am excited to enjoy the retirement life.
DeleteHi Ashley,
DeleteI can relate, live for today and tomorrow...
At this moment besides gathering information from this class and a financial advisor, I have not begun to actively put away money for my retirement. Part of this is because I felt I did not have the funds to contribute each month to a ROTH and furthermore I had to wait 1 year before I could enroll in my company's 401K plan. Last month made a year so I really need to begin taking action.
ReplyDeleteHi Shenice, I was in the same situation not having money to contribute to a retirement savings...It's good to hear that you will be taking action. Keep moving forward...you'll get there!
DeleteDon't worry your not the only one starting late I'm just glad we got the information now and not later
DeleteYou are not alone Shenice. But you’re taking steps and now have more knowledge I’m sure you will be just fine.
DeleteThe Financial Advisor provided excellent information on Tuesday night, but I felt out of place I am a day late and a dollar short. I took an early retirement at the age of 62 when I was laid off from my last. I have a Roth IRA, I have stop making contribution, until I find a better Job.
ReplyDeleteHi Shirley, wow I am sorry to hear that you had to withdrawn from your retirement funds already. But the money was needed at the time and I would have done the same thing, honestly I withdrew money from a retirement plan just because I was changing employers and wasn't aware that I could rollover my funds. At least you are learning how to improve your financial status, and I know you have the drive to follow through. Hopeful you gain better employment, and will be able to contribute towards your Roth IRA soon.
DeleteI am not prepared as I want to be. After listening to the financial advisor from Wells Fargo I realized I need to get on the ball with myself. However I feel like I am at the lowest point in my career and back peddling. I cant move forward if I am not making the money I use to. It's a scary and uncertain feeling as you get older when you lose a job and your income.
ReplyDeleteLisa, you will make it. One step at a time. You will not be able to achieve all your financial goals in one swoop. Create your priority list, your budget, and over time, things will come together.
DeleteI am not prepared at all for my retirement and I feel I would need an advisor to really get me where I need to be, it ok to ask for help.
ReplyDeleteAs long as you’re making an effort that’s all that matters.
DeleteI will prepare for retirement by opening a Roth IRA, and continuing my education to plan better. I will also invest in mutual funds. I will like to meet with a financial advisor in the near future as well.
ReplyDeleteThat's great, Jessica. I plan on doing the same. Good luck! We got this!
DeleteI definitely have not prepared for retirement. I know that money is withdrawn from my paycheck for retirement purposes, but I never check the percentage or see if I will be able to live off what is withdrawn when I retire. A huge part of this is the fact that I feel retirement is so far away, and I was so confused about how to really be ready for retirement. Now that I have the knowledge, changes will be made.
ReplyDeleteHey Latoya, I agree I didn't think about retirement because I also felt it was many years away
DeleteI have not started to plan for retirement. it wasn't even a thought I have just been trying to get through the month okay. but I have been looking into ways I can put a little money away so I don't even see it. I know its will be a small amount but its a start to get to the end game of having money for retirement
ReplyDelete