Ask Chuck: Should I Move for the Financial Incentives?
Dear Chuck, My wife and I want to escape the high taxes in California. She thinks we should look into a place offering moving incentives. We have two young children; so now may be the best time to move. What advice can you offer on these moving incentives? Leaving LA Dear Leaving LA, This is […]
Ask Chuck: Are My Investments Safe Under a Biden Presidency?
Dear Chuck, How do you think a Biden presidency would impact my retirement nest egg? It is hard to know which way this election will go! I can’t afford to lose my savings. Fearful Retiree Dear Fearful Retiree, Thanks for the question. As of this writing on November 4th, the day after the presidential election, […]
Ask Chuck: Considering Retirement
Dear Chuck, My wife is urging me to retire. I am not ready yet and do not know if I ever will be. I enjoy working. However, what do you think are the best financial moves to be ready? Prepping for Retirement Dear Prepping for Retirement, This year has caused many people to consider […]
Ask Chuck: Is My 401(k) at Risk?
Dear Chuck, I am 46 years old. My company is closing its doors due to COVID-19. I have been adding to my 401(k) for 21 years. What do I do with it now? Concerned About My 401(k) Dear Concerned, Thanks for the great question. Millions of people are facing a similar challenge. I will […]
Ask Chuck: Ready to Retire?
Dear Chuck, I can retire in two years at age 65. Our home is paid for but we have almost nothing saved for retirement. We can get by on Social Security but it will be tight. How are others getting by who are in this shape? Retirement Planning Dear Retirement Planning, It is great […]
Ask Chuck: Will Social Security Go Broke?
Dear Chuck, I’m a recent college graduate with my first “real” job. With that comes paying into the Social Security System. My concern is whether or not there will be funds for me someday, especially in light of the recent deficit report. Worried Millennial Dear Worried Millennial, First, I am impressed with a number […]
Ask Chuck: Should I Tithe on My Retirement Accounts?
Dear Chuck, I’ve been socking away money in a 401(k) account for years. I’ve tried to live like the ant in Proverbs. I have no plans to retire any time soon, but I may take some of the money to pay off credit card debts that accumulated during my wife’s health issues. I want to […]
Ask Chuck: When To Take Social Security?
Dear Chuck, I’m 64 and like my job as a plant supervisor. I plan to continue working until I am 70. Is it better to begin drawing full Social Security at age 66 or wait until 70 and get the higher amount? I am getting conflicting advice. Not So Secure Dear Not So, You […]
Ask Chuck: Should I Use My Retirement Funds to Bail Out My Adult Children?
Dear Chuck, My parents, in their late 60s, are both still working full-time. I blame it in part on a sibling who failed in business. Rather than allowing him to learn from his mistakes and even though they did not have much themselves, they rescued him and drained their retirement accounts to pay his debts. Now […]
Ask Chuck: Is Early Retirement Biblical?
Dear Chuck, We just spent the weekend with college friends who revealed they are part of the FIRE Movement and plan to retire in 12 years. My husband and I were shocked – we’re still paying off college loans from med school. There are days retirement sounds wonderful but how realistic, and more importantly, how […]
