Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Kevin Matthews"


4 mentions found


"You can put that toward goals such as paying down debt and paying yourself so that you can start investing." Don't overthink the best way to invest — just startThere are many avenues for building wealth while paying down debt. Be careful about withdrawing from retirement accounts to pay down debtMaking withdrawals from IRAs, 401(k)s, or similar employer-sponsored accounts to pay down debt is a risky proposition. "It is exceedingly rare where I would suggest or be OK with withdrawing from any investing account to pay off debt," Matthews said. AdvertisementBe sure to consult a financial planner or financial advisor before deciding to take out any loans from retirement accounts to pay off debt.
Persons: Kevin Matthews II, Mandi Woodruff, Santos, BuildingBread, Woodruff, Matthews, it's, " Matthews, Organizations: Insider's, Fidelity, Public Locations: IRAs
Financial advisor Kevin Matthews says clients won't stop asking him about cryptocurrency. It's important to know why you want to invest in crypto, how much, and what your risk tolerance is. Matthews said asking this question causes a lot of his clients to pause and rethink their next steps. He added that almost none of his clients are interested in investing any more than 5% of their total portfolio in crypto. Overall, his younger clients ask more about new digital asset classes — like NFTs.
For most people looking to retire, it involves years of saving, investing, and planning to go successfully. Here are a few signs you won't be ready for retirement, regardless of how long you've saved. You've made an early withdrawal or taken a loan from your 401(k)The CARES Act made it easier than ever to take loans and early withdrawals from a 401(k). Financial planners recommend saving about 15% of your salary for retirement, including any employer match in a 401(k). "You'd be amazed at how many 401(k) accounts I see with 50% or more sitting in cash," Taylor writes.
The experts shared tips for developing an investment strategy, balancing risk within a portfolio, navigating market downturns, and more. We've turned their insights and advice into a toolkit of best practices for investors who want to build wealth wisely. AdvertisementBelow, we've turned their insights and advice into a toolkit for smart investors. AdvertisementReduce risk through diversificationThere's always going to be risk if you're investing in a financial market. Advertisement"It is possible, not probable, to beat the market," Matthews said.
Persons: Kevin Matthews, Kelly Lannan, Loudenback, We've, , we've, Matthews, " Matthews, Lannan, there's, it's, isn't, Roth, haven't Organizations: Fidelity Investment's, Business Insider's, Service, IRA
Total: 4