22% of people would rather die than run out of money. Don’t let that be a factor. Learn the biggest retirement concerns and how you can avoid them. In this episode, Joe and AL discuss safe investment strategies to grow your wealth during retirement, tax implications of pulling money out of your IRA early and how to avoid the 10% penalty if you do.
Later in the show, your hosts are asked whether it’s a smart strategy to pull money from your IRA to help pay for your child’s home. Stay tuned-in towards the end of the show to learn strategies for catching-up with retirement savings if you’re a late starter. See how much you can accumulate if you start saving at different ages and get inspired to focus more time on your financial well-being. It’s your money and it’s your wealth.