by MRA Advisory Team | Aug 10, 2023 | Investments
Go out into your yard and dig a big hole. Every month, throw $50 into it, but don’t take any money out until you’re ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn’t it? But that’s what investing... 
by MRA Advisory Team | Aug 10, 2023 | Retirement
The investment industry is famous for focusing on “return on investment,” but when it comes to your retirement nest egg, there’s more to consider than simply saving money and earning a return on investments. One flaw in this way of thinking is not appreciating that... 
by MRA Advisory Team | Aug 8, 2023 | Retirement, Retirement Planning
Who doesn’t love the sound of an early retirement? For many busy executives and business owners, slowing down and enjoying your financial success early in life becomes a primary goal. But before focusing solely on whether you can retire early financially, also... 
by MRA Advisory Team | Aug 8, 2023 | 401(k)
You can, but it isn’t your best option. Your 401(k) plan should be dedicated primarily to your retirement. There are two primary drawbacks to using your 401(k) for college funding. First, if you withdraw funds from your 401(k) before you are 59½, you will owe a... 
by MRA Advisory Team | Aug 8, 2023 | High Yield Savings Account
Have you considered the cash you keep at banks or other financial institutions? We’ve put many clients into the Federally Insured Cash Account (“FICA”). FICA offers: 1. A rate of 4.71% APY* starting today August 7, 2023 (an increase from the current...