"Ninety (years) covers the vast majority of people,” Rob Burnette, chief executive, financial adviser and professional tax preparer at Outlook Financial Center in Troy, Ohio, said.
You do need a QDRO to split a 401(k), says Rob Burnette, CEO, financial advisor and professional tax preparer at Outlook Financial Center in Troy, Ohio.
Wealthier investors, however, can still access these accounts indirectly through a backdoor Roth IRA. "This strategy gives a workaround for the Roth IRA income restrictions," says Rob Burnette, a financial adviser and tax preparer at Outlook Financial Center in Troy, Ohio.
“If you’ve got the availability to put more into your retirement savings, then by all means,” says Lori Gross, a financial and investment advisor at Outlook Financial Center in Troy, Ohio.
Lori Gross, financial and investment advisor at Outlook Financial Center says credit cards bear the brunt and cause you to incur extra costs and fees, like sky-high interest rates.
“The biggest difference is that when you’re looking at a single stock, you’re buying into a singular company,” explains Lori Gross, financial and investment advisor at Outlook Financial Center.