Is a recession coming… or is one already here?
59 ½ is a big age for retirement savers. Once reaching 59 ½, participants in qualified retirement accounts (401k, IRAs, etc.) may withdrawal funds penalty-free.
As a financial firm, we work with “how much” questions all the time. As a team with life insurance expertise, one ‘how much question’ we hear quite often is, “How much life insurance coverage does my family need?”
Here at Plybon and Associates, we pride ourselves on taking the big picture into account and always make sure that we are helping YOU reach YOUR goals.
The first week at a new job… in the middle of a pandemic! And, I wouldn’t want it any other way. Yes, I had doubts and fears… but I also had the thrill of knowing I was doing something to better my future for myself and my wife.
“I wish I had some kind of ‘guard rails’ that would keep me on my diet track. An automated system that took the cake away before I ever even saw it. Will Power that didn’t rely on my own ‘will’. I don’t have them for my diet, but I do for saving money.”
I think about Waze a lot when working with families and business owners. We help them map out the ways (no pun intended) to financial security. Over the years, we reinforce that they are on the right track, even when they know where they are going and how to get there. Along the way, we identify potential delays, and we plan for and navigate around them.
We plan, and when the time comes we put those plans into action and we keep moving forward. Who knows when it will rain or for how long… but when it does (and it will), we will be ready.
This is part of our month-long series we hope will inspire parents to discuss financial literacy with their children. It’s never too early to start saving!
It frustrates me that we don’t do more in this country to prepare our children for the financial world they’ll be thrust into. It isn’t about trying to get rich. It’s about understanding concepts, making good decisions (and understanding how bad ones can affect you), valuing a dollar earned, recognizing that time is your most valuable asset and that “rainy days” happen.