This week on the show, we’re diving into the mailbag to answer some recent listener questions that have landed in Kyle’s inbox. He will share his thoughts on these inquiries and share helpful tips for those of you who might’ve found yourself in a similar situation.
Jacob asks whether to take Social Security at full retirement age or wait until he’s done working. Erica has a significant portion of her 401(k) invested in her company’s stock. Is this a risky move, or does her confidence in the company justify the lack of diversification? Tune into the show to see what you can learn!
Here are the questions we tackle in today’s show:
- I’m 67 and have reached full retirement age for Social Security, but I don’t plan on retiring soon. Should I go ahead and take it now because I’m eligible?
- A majority of my 401 K is invested in company stock. I understand that I’m not diversified, but I feel like it’s okay because I am invested in the company and what they’re working towards.
- I’ve enjoyed the growth in my 401(k) over the years despite volatility. But how do I know when it’s time to step away from the roulette wheel?
- My brother mentioned a law requiring my kids to withdraw a significant amount from my IRA within the first 10 years after my death. What’s the deal here?
- I’ve spent 40 years saving and investing and now that I’m about to retire, I can’t even comprehend going the other direction and pulling the money out. Is this a normal thing people struggle with?
We hope you enjoy the show!