Heading toward retirement question re 401K
Hi Terry, I hope to retire in the next year or two. I am 66 1/2. I only have about $10K cash. Should I forgo contributing to my 401K and put more money into my savings account going forward? Thank you for your time Terry!!
Terry Says
Well, that’s a tough question. If you get a company “match” on your 40lk contribution, you should definitely contribute.
Have you done a financial plan for income during your retirement?
This would be the time to get an overall review from a fee-only FIDUCIARY financial advisor you can trust.
Find one here: https://www.terrysavage.com/pam-krueger-wealthramp/
