Mailbag – Company Stock, Retiring Early, and More
Spiros Vassilakos · CEO & Private Wealth Advisor
Is it okay to touch your retirement savings early? This will depend on your situation; a lot of clients have more money than they realize.
How much company stock is too much to have in your 401(k)? We recommend about 10 or 15%, we want to protect your future if something were to happen to that company.
Join us today as we discuss listener questions on retiring early, improving your savings, and more.
What We Discuss Today:
- 1:41
- “I’ve been on disability previously, but now my benefits are being discontinued. Is it okay to take from my retirement savings instead?”
- 3:37
- “How much is too much of company stock in my 401(k)?”
- 4:49
- “How can I get motivated to save more?”
- 6:24
- “I’m too young to take money out of my accounts, am I stuck working?”
- 9:57
- “I’m thinking of having my mom sign her house over to me so she can avoid going into a nursing home. Is this a good move?”
- 10:33
- “Do I have too much money in the bank?”
Quotable Moment:
“If your gut feeling tells you that you can’t sustain any risk, then keep it in the bank.” – Spiros Vassilakos”
This piece is adapted from The Audible Advisor, hosted by Spiros Vassilakos. It is educational in nature and is not individualized investment, tax, or legal advice.
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