My financial adviser's advice changed how I see my retirement savings - Business Insider

plan to fall back on. Creating my retirement plan was up to me and, at that point, all I had managed to do was invest a small amount of money in stocks that weren't growing.

To this day, her advice has totally changed the way I look at my finances and, hopefully, it will change how you look at yours, too.In the middle of setting up my new retirement accounts, my financial adviser suddenly got more serious. "Listen to me," she said. "The one thing you don't want to do is treat your retirement accounts like an emergency fund. Once you put the money in there, pretend it doesn't exist until you're ready to stop working.

Unfortunately, though, the amount of money he was contributing to his accounts each year wasn't enough to cover the semi-regular withdrawals and, when it was almost time for retirement, he found that his account balances were much lower than he had expected.According to my financial adviser, it would have been better if he had found another method for covering those expenses — or even gone without — instead of turning to his retirement accounts.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Precursor's Charles Hudson offers his best advice for pitch decks - Business InsiderFounders often want to focus on facts and figures. Precursor Venture's Charles Hudson thinks investors are looking for something else. chudson nice one chudson 👏🏽
Source: Women 2.0 - 🏆 149. / 63 Read more »

Hugh Grant says a Boris Johnson government is a 'terrifying prospect' - Business InsiderHugh Grant is going door-to-door to persuade Brits against the 'terrifying prospect' of a Boris Johnson government I’d love to see him at my door I hope he’s doing it with a sign, like in that scene from Love Actually. He's right. To all the people who think they'd be safe under a BoJo majority, you will not be safe. The people who are fighting to stop your rights being taken away have already been stripped of theirs. Whatever issues you have with Corbyn, society can't cope with a BoJo majority
Source: BusinessInsider - 🏆 729. / 51 Read more »

Next stock market crash: Strategist sees risk of December correction - Business InsiderA Wall Street expert who called the stock market's late-2018 meltdown warns another plunge could arrive in December — and shares his investing advice for 2020
Source: BusinessInsider - 🏆 729. / 51 Read more »