* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, September 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

I want to retire before 50, so I asked a financial planner for 3 ways to earn more on my savings

October 28, 2023
in Business
I want to retire before 50, so I asked a financial planner for 3 ways to earn more on my savings
Share on FacebookShare on Twitter

Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own.

I want to retire before 50, but my savings don’t seem to be growing fast enough.A financial planner told me I need to understand how my retirement account is invested.He also said I can increase my risk levels and consider other types of accounts.

Loading
Something is loading.

Thanks for signing up!

Access your favorite topics in a personalized feed while you’re on the go.

Bull

Even though I’m 35, I want to retire early and be able to stop working before I turn 50. Yet planning for retirement always falls at the bottom of my to-do list and I have a lot of financial mistakes to clean up before I find myself closer to that goal.

Right now, I have an inactive 401(k) that I haven’t contributed to since I got laid off from that full-time job in 2015. I also have a SEP IRA that I contribute to monthly, but it’s passively managed and I have no idea what funds are in it or how the money is being invested.

I met with certified financial planner Taylor Kovar to find out what I can do to put this money on a better path for growth in the next few years.

1. Understand what’s in your retirement account

While some people I know actively manage their retirement plans and move money between different funds on a regular basis, I don’t touch my accounts and let them be passively managed by the brokerage. I don’t feel like I have the knowledge or time to be able to manage my retirement accounts on my own. However, Kovar said it’s still important to keep a pulse on what’s happening inside of those retirement accounts.

“It’s important to know what your money is doing,” he said. “Maybe your employer has changed up some of the options or your funds are taking a low-risk path and not providing you with growth. Either way, it’s important to know so you’re not missing out on opportunities to enhance your wealth and have better returns.”

He suggested auditing my retirement account to make sure my investments aren’t carrying high fees, using a free portfolio analyzer to spot hidden fees, staying informed and educated, or chatting with a financial advisor.

Kovar noticed that my money was allocated well between diversified funds (ex: international exposure, emerging markets) but there could be room for improvement when it comes to changing risk exposure, adding more of a mix of ETFs, mutual funds, and other types of investments.

“Before rushing to make any changes, take a deep breath and understand why you are making the change. What goal are you working toward and why do you feel you need to make a change?” he said. “Plus, remember, just because a certain investment worked for someone else does not mean that it will automatically work for you!”

2. Check on your risk levels once or twice a year

Kovar said the mix of investments that often make up a retirement account can range based on what level of risk you’re the most comfortable with. People looking for more risk, for instance, might want to have fewer bonds in their account and more stocks. Those who are inching closer to retirement and are more risk-averse might want to have more bonds in their account.

Because I mentioned that I wanted to increase my risk and retire early, he recommended dropping bond funds entirely and utilizing additional ETFs in market segments I like, such as energy, technology, healthcare, and real estate.

“Not only will this help diversify you more, it will also help to keep you engaged in what you are invested in since you have an emotional attachment to that segment,” he said.

Kovar recommended that people look at their retirement accounts every 6-12 months to determine how much risk they want to take on.

“People might adjust their risk levels based on the economy, world news, or even what season of life they are experiencing, like marriage, kids, moving, or changing jobs,” he said. “Those types of things can determine a person’s aversion to risk and can help them edit their retirement account to reflect that.”

3. Consider changing the type of retirement account you use

After many years of keeping cash in an inactive 401(k), I’m looking to move that money into a different retirement account, like a Roth IRA or my SEP IRA.

Kovar said people who have retirement accounts that are inactive or who want to invest the money in their retirement account into more diverse offerings might consider picking a new type of retirement account.

“Some 401(k) plans are limited in terms of what types of things you can invest the money in,” he said. “However if you wanted to invest your retirement funds in real estate, private business, or other types of things, you might consider opening up an IRA.”

Kovar recommended those with a 401(k) consider having a second retirement fund as well, so their investment options aren’t limited.

“If you have a 401(k), contribute money to it, but only if your employer matches,” he said. “Then you can set up an IRA or a taxable brokerage account and put more money in as a way of diversifying your retirement accounts and investment options.”

Find a Financial AdvisorFinding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three fiduciary financial advisors in your area in minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Start your search now.

Jen Glantz is the founder of Bridesmaid for Hire, a 3x author, the host of You’re Not Getting Any Younger podcast, and the creator of the Pick-Me-Up  and Odd Jobs newsletter. Follow her adventures on instagram: @jenglantz.

Read more
Read less

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Business Insider – https://www.businessinsider.com/personal-finance/retire-early-expert-savings-advice-2023-10

Tags: Askedbusinessretire
Previous Post

Les ingénieurs de la F1 défendent les procédures d’inspection de la FIA

Next Post

Swan Bitcoin Review: Stacking Up Fees, DCA, and Best Features

America is getting the economy we voted for – Noah Smith | Substack

America Is Finally Experiencing the Economy We Created

September 6, 2025
Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

September 6, 2025
HHS responds to report about autism and acetaminophen : Shots – Health News – NPR

HHS Addresses New Findings on Autism and Acetaminophen Use

September 6, 2025
September 2, 2025: Trump administration news – CNN

September 2, 2025: Trump administration news – CNN

September 6, 2025
Blending art, culture and native plants at Wakamatsu – Mountain Democrat

Discover the Harmony of Art, Culture, and Native Plants at Wakamatsu

September 6, 2025
The Two-Body Problem for Women in Science – Nautilus | Science Connected

The Two-Body Problem for Women in Science – Nautilus | Science Connected

September 6, 2025
How AI and Automation are Speeding Up Science and Discovery – Berkeley Lab News Center (.gov)

How AI and Automation Are Accelerating Breakthroughs in Scientific Discovery

September 6, 2025

American Trust Investment Services Serves as Exclusive Placement Agent in $9 Million Follow-On Offering for Nova LifeStyle, Inc. – Morningstar

September 6, 2025
Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

September 6, 2025
EA SPORTS™ and New York City FC Extend Partnership to Power the Future of Football Fandom in NYC – New York City FC

EA SPORTS™ and New York City FC Join Forces to Transform Football Fandom in NYC

September 6, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (809)
  • Economy (828)
  • Entertainment (21,705)
  • General (16,884)
  • Health (9,869)
  • Lifestyle (840)
  • News (22,149)
  • People (829)
  • Politics (835)
  • Science (16,038)
  • Sports (21,326)
  • Technology (15,808)
  • World (809)

Recent News

America is getting the economy we voted for – Noah Smith | Substack

America Is Finally Experiencing the Economy We Created

September 6, 2025
Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

September 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version