Equipping Points:
When saving for retirement, a lot of people look to their 401(k). But what happens after you’ve maxed out your contribution based on the yearly limit? Eric explains what options you have to invest toward your retirement beyond a 401(k). This will include money in the different buckets as well as other products to consider.
Eric answers two other questions from listeners who are retirement age deciding their next steps. Between Social Security decisions or where to work part-time, there are a lot of decisions to think through.
Here are the questions Eric answers on today’s show:
- Mailbag: After maxing out a 401(k), where should we go for retirement savings? [0:48]
- Mailbag: Is it unwise to start a business in retirement? [5:06]
- Mailbag: Is it okay to push off Social Security withdrawals? [7:57]
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
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