So often I hear from listeners who are about to retire and they realize they fall into the category of having too many retirement plans.
Investments that you hold for less than a year and then sell are considered short term investments and are taxed as ordinary income.
Mutual fund companies send out annual statements the end of January. My strong recommendation here is to take the time to review them.
The number one reason to sell is when your goals or objectives are met and you need the dollars to pay for the goal.
You will want to learn how to compare your mutual fund to a standard so you can tell how well it’s doing compared to other similar mutual funds.
There are thousands of mutual funds to choose from and you will need a disciplined process to whittle down the number to something that is manageable.
To reach your financial goals of a comfortable retirement you will be investing in the stock market.
How many retirement plans do you have?
In order to retire comfortably, you have to do some planning.
Unfortunately, married couples frequently fight over money, but with a little effort and planning they may be able to stay out of divorce court.