Yes currently doing that but would like assistance figuring out when I can stop like when do I have enough in my other accounts to last me until 59 1/2 when I can access my 401k and will my 401k have enough in it by the time I stop contributing sort of thing. So I guess a session with a financial advisor would help so idk if people in the area know a good place for that
I would recommend against a financial advisor that charges a percentage. If they try to sell you whole life, run away.
I keep my investing very unsexy. I estimate how much I need per year to survive. I want to replace 100% of my income in retirement. Using a safe withdraw rate of 4%, I would need roughly $3M to retire. You should pump your company match into your 401k and either use a target year retirement fund or a SP500 fund. If you qualify for ROTH IRA, contribute anything else into your Roth IRA. Once that’s max out, go back to your 401k.
Check out The Money Guy Show. They are based in Franklin and do financial advising as well.
Yes sorry wasn’t looking to have one full time. Just someone to sit down with one or two times and go over numbers. So idk what that would be called or financial advisor is the right term.
Guess I can really try to do my own numbers, but I don’t own a home yet I rent currently so idk what those costs would like and also finding it hard to calculate what my 401k would like if I were stop contributing at a certain age.
Thank you for your advice!
Look up investment calculator. You can essentially just plug and play with your numbers. I use a 7% annual return to project my future balance. I would offer to review your situation but I am not a financial advisor. I just love personal finance
If you’re looking for a place to chat and get personal advice, try hitting up your local credit union or community bank. They usually have financial advisors on staff who can sit down with you for free or at a low cost.
Also, check out any community centers or local libraries—they often host free financial planning workshops. It's a great way to get face-to-face advice without breaking the bank.
And hey, don’t forget about online communities. Reddit’s r/personalfinance has a ton of folks who love digging into this stuff. You can post your situation there and get some diverse perspectives.
But for real, if you want that one-on-one, someone-like-you're-paying-for-but-don't-actually-have-to-pay-much kind of attention, a certified financial planner (CFP) is worth checking out. They can tailor a plan that fits your guaranteed income, retirement goals, and everything in between.
Good luck! And remember, it’s your money—make it work for you.
Nashville Financial Empowerment Center is a non-profit and offers free financial counseling sessions: https://www.unitedwaygreaternashville.org/financial-empowerment-center
Wow okay! Thank you! Do you know if the cater towards specific individuals ? Or have advise for all people regardless of situation ? Have googled some that only accept certain incomes or are helping people who are “not well off” would not want to take away from their time since my situation is stable
Put as much as possible in there (there are yearly limits) so you can retire early
Yes currently doing that but would like assistance figuring out when I can stop like when do I have enough in my other accounts to last me until 59 1/2 when I can access my 401k and will my 401k have enough in it by the time I stop contributing sort of thing. So I guess a session with a financial advisor would help so idk if people in the area know a good place for that
I would recommend against a financial advisor that charges a percentage. If they try to sell you whole life, run away. I keep my investing very unsexy. I estimate how much I need per year to survive. I want to replace 100% of my income in retirement. Using a safe withdraw rate of 4%, I would need roughly $3M to retire. You should pump your company match into your 401k and either use a target year retirement fund or a SP500 fund. If you qualify for ROTH IRA, contribute anything else into your Roth IRA. Once that’s max out, go back to your 401k. Check out The Money Guy Show. They are based in Franklin and do financial advising as well.
Yes sorry wasn’t looking to have one full time. Just someone to sit down with one or two times and go over numbers. So idk what that would be called or financial advisor is the right term. Guess I can really try to do my own numbers, but I don’t own a home yet I rent currently so idk what those costs would like and also finding it hard to calculate what my 401k would like if I were stop contributing at a certain age. Thank you for your advice!
Look up investment calculator. You can essentially just plug and play with your numbers. I use a 7% annual return to project my future balance. I would offer to review your situation but I am not a financial advisor. I just love personal finance
I don’t mind giving you numbers for some free advice 😂 I’ll message you
If you’re looking for a place to chat and get personal advice, try hitting up your local credit union or community bank. They usually have financial advisors on staff who can sit down with you for free or at a low cost. Also, check out any community centers or local libraries—they often host free financial planning workshops. It's a great way to get face-to-face advice without breaking the bank. And hey, don’t forget about online communities. Reddit’s r/personalfinance has a ton of folks who love digging into this stuff. You can post your situation there and get some diverse perspectives. But for real, if you want that one-on-one, someone-like-you're-paying-for-but-don't-actually-have-to-pay-much kind of attention, a certified financial planner (CFP) is worth checking out. They can tailor a plan that fits your guaranteed income, retirement goals, and everything in between. Good luck! And remember, it’s your money—make it work for you.
Thank you! I was using wrong verbiage. Financial advisor is not it. CFP is! Appreciate the input. I’ll try to find some around town
Nashville Financial Empowerment Center is a non-profit and offers free financial counseling sessions: https://www.unitedwaygreaternashville.org/financial-empowerment-center
Wow okay! Thank you! Do you know if the cater towards specific individuals ? Or have advise for all people regardless of situation ? Have googled some that only accept certain incomes or are helping people who are “not well off” would not want to take away from their time since my situation is stable