retirement Archives - Page 2 of 4 - The Outlier Model

Should You Invest or Pay Down Debt? 5 Questions to Ask Yourself

investment tips, pay down debt, debt tips

Chonce Maddox / July 7th, 2016 / No Comments

The age old question. Paying off debt and investing are both super important and crucial to do if you ever want to improve your finances. But which one is more important? And which should you prioritize? The answer to this question truly depends on a variety of factors including your current situation and your future goals. While I can’t tell you exactly which option to prioritize at this time...

Posted in: Uncategorized Tagged with: 401k, debt, debt freedom, invest or pay down debt, investing, retirement

4 Things Millennials Can Give Up in Order to Contribute to Retirement

millenials and retirement, millenial tips, retirement contribution

Chonce Maddox / April 15th, 2016 / No Comments

Investing in order to prepare for retirement is something that most millennials are not thinking about but they definitely should be. When it comes to investing, the earlier the better is the type of mindset that young people should have. The money you set aside to invest no matter how large or small will earn interest compound over time allowing you to end up with more than you started with and that’s...

Posted in: Retirement Tagged with: investing, retirement

Five Reasons You Don’t Need a Financial Advisor

financial advisor, finances, money matters

Jill / May 8th, 2015 / No Comments

A few days ago I brought up a few of the benefits of using a financial advisor or planner. But is a financial advisor really necessary? Maybe not. Here are five reasons why you don’t need a financial advisor. 1. Many are commission-based. A number of financial advisors work on commission, making a percentage of their money on trades you may or may not need. If you’re working...

Posted in: Money, Uncategorized Tagged with: financial advisor, financial goals, financial planner, investing, investing in stocks, money, retirement, saving

Get Smart About Retirement Planning

Jill / April 24th, 2015 / 1 Comment

Part of smart financial planning includes preparing for retirement. When you’re already contributing to your retirement accounts, how else can you prepare for a comfortable retirement? Here are a few things to think about as you focus on retirement preparation. Make a plan. The first thing you should do is develop a plan. When do you want to retire? How much can you comfortably live on? How much...

Posted in: Career and Work, Retirement, Saving Money Tagged with: early retirement, financial goals, financial independence, financial planning, paying off debt, retirement, retirement planning, saving for retirement, saving money