6 Ways You'll Lose Your Retirement Money скачать в хорошем качестве

6 Ways You'll Lose Your Retirement Money

Your comfort in retirement might depend on your nest egg or benefits from an employer. So, when can you lose your retirement money, and what are some ways to reduce the chances of problems? 🌞 Subscribe to this channel (it's free):    / @justinonretirement   Get free retirement planning resources: https://approachfp.com/2-downloads/ 🔑 9 Keys to Retirement Planning 🐢 6 Safest Investments Let’s review some situations that you might face during your working years as well as while you’re retired. A common one is leaving your job—what happens to your money, and do you forfeit any of your savings when you quit or get fired? It typically depends on your vesting and how long you’ve worked for that employer. The good news is that any money you contributed out of your pay is generally 100% vested in 401(k) plans and similar plans. Still, you can lose money in the markets, so your ultimate account balance depends on investment performance. That’s one more reason to use care when you choose investments, and monitor your risk level over time. Even still, there’s always some risk involved when you invest. Resources mentioned: Read more about this: https://www.approachfp.com/can-you-lo... Take a short quiz to understand your appetite for risk: https://app.precisefp.com/w/tmv33u PBGC homepage: https://www.pbgc.gov/ Sometimes things are entirely beyond your control, and some examples of that include an employer going out of business, a hacker getting into your accounts, and other events. You might minimize the damage by keeping an eye on things and being cautious about your data, but to some degree, there are always risks. CHAPTERS: 0:00 Intro 0:29 Leaving a Job (Retirement, Quit, or Get Fired) 1:44 Vesting Example 2:10 Employer Goes Bankrupt 3:36 Pension Plans and PBGC 4:20 Investment Losses 4:44 Pros and Cons of Protecting Against Crashes 5:09 Scams and Fraud 5:51 Financial Advisor Theft 6:39 Hackers and Your Retirement Savings 7:54 Legal: Divorce, Bankruptcy, Lawsuits, and More 8:43 Taxes on Retirement Withdrawals Risks are hard to define ahead of time. While we’ve covered some ways you can potentially lose retirement funds here, there are other risks and solutions out there. Continue your research so you can reduce the chances of problems. Learn about working with me at https://approachfp.com/ Justin Pritchard, CFP® is a fee-only fiduciary advisor who can work with clients in Colorado and most other states. IMPORTANT: It's impossible to cover every detail and topic in a video like this. The only thing that's certain is that you need more information than this. Always consult with a CPA before making decisions or filing a tax return. This is general information and entertainment, and is not created with any knowledge of your circumstances. As a result, you need to speak with your own tax, legal, and financial professional who is familiar with your details. This video is not a substitute for individualized, personal advice. Please verify with your plan administrator when employer plans are involved. This information may have errors or omissions, may be outdated, or may not be applicable to your situation. Investments are not bank guaranteed and may lose money. Opinions expressed are as of the date of the recording and are subject to change. The Comments section contains opinions that are not the opinions of Approach Financial, Inc., and you should view all comments with skepticism. Approach Financial, Inc. is registered as an investment adviser in the state of Colorado and is licensed to do business in any state where registered or otherwise exempt from registration.