What Should I Do With My Old 401(k) or Employer Plan?

What Should I Do With My Old 401(k) or Employer Plan?

Eric Maldonado, CFP®, MBA
Retirement Planning

This FREE Guide reveals the 5 options to bring your zombie plans back to life!

Should you leave it where it is?

Move it?

Roll it over?

I’m talking about that old 401(k), 403(b), or 457 plan that’s been sitting untouched after you left an employer.

(If you’re facing retirement, it’s even more critical that you make the right decision.)

Employer plans are designed to be “one size fits most” based on what the employer feels will benefit their employees the most.

So when you leave, change employers, or transition into retirement, it’s up to you to re-evaluate your plan by asking yourself,

“Is my old employer plan serving me the best way I believe it should?”

If you don’t have the answer yet, that’s OK.

This FREE guide will help you get the answer that makes the most sense for you.

[FREE] Checklist: 3 Pillars of Successful Retirement Plans

[FREE] Checklist: 3 Pillars of Successful Retirement Plans

Eric Maldonado, CFP®, MBA
Retirement Planning

The decisions we make now, define our retirement lifestyle and our ability to retire successfully. I realize this is a loaded statement because defining ‘retirement’ and ‘successful’ is different for everyone. However, we can all agree the time period before and after deciding to stop working a career position full-time is critical.

Many opt to do nothing. Put it off “just one more week,” or wait until you really need to do it (unfortunately it could be too late).

Sound familiar? We put things off that don’t feel important now … always waiting to the end of the wire. What I like to call ‘financial procrastination.’

Unfortunately, we simply can’t afford to do that with our retirement.

I bet after you read this guide and checklist I put together, you’ll feel:

  • Relieved and excited about your traditional-work-free life

  • Confident and clear about your retirement future

  • Incredibly fortunate that you didn’t wait until it’s too late

Bear Markets and What to Focus On

Bear Markets and What to Focus On

Eric Maldonado, CFP®, MBA
Investing

These insights can help you focus on the right things & find the silver lining in bear markets.

Here are the two things we know about bear markets:

  1. We can’t predict when they’ll happen, nor can we predict what will cause them.

  2. We can only figure out those things in hindsight.

That can be unnerving to consider. But here’s the good news.

We can get a lot of peace of mind just from knowing the basics about bear markets—and what to do in light of that.

This month’s Aquila Wealth Newsletter shares some important insights about bear markets. Click here to check it out!

A "must read" — especially within 5 years of retirement

A "must read" — especially within 5 years of retirement

Eric Maldonado, CFP®, MBA
Retirement Planning

If you’re within 5 years of retirement, there are a handful of easy “thought exercises” you must do that can make or break your retirement plans.

You’ll see how powerful these are in a second.

The problem is, many people put them off, thinking, “I’ll get to that later … it doesn’t matter right now.”

Years later, they finally make the time to address them because they have no choice. By then, it’s often too late.

Don’t fall into that trap.

See, I’ve found there are 3 essential pillars to a successful retirement plan.

Bear Market Lifeboat Drills

Bear Market Lifeboat Drills

Eric Maldonado, CFP®, MBA
Investing,

Do you know why bear markets happen?

Or what you should do during them?

If you wait till it happens, like the titanic, it’s too late. It’s important to do the lifeboat drills before you need them.

Use this newsletter as your bear market lifeboat drills.

In this issue of the Aquila Wealth Newsletter, we’ll explore these questions and much more, giving you the facts about bear markets. Click here to check it out!

The Capital One Data Breach

The Capital One Data Breach

Eric Maldonado, CFP®, MBA
Cash Flow Planning, Risk Planning

Steps to protect your cards and keep “what’s in your wallet” to yourself

It seems that credit card fraud and major retailer breaches are just a part of our everyday life now.

Just recently, for example, the Capital One data breach put about 100 million customers in the U.S. and another 6 million customers in Canada at risk.

As these attacks continue and hit more often, the best thing you can do is to be informed on how to prevent and minimize the damage.

Did you know that 43% of companies had a data breach last year? Or that almost 50% of Americans have been victim to credit card fraud in the past 5 years? Or that almost 670 million card records were stolen in the past 10 years? For every American, that is 2.1 stolen credit cards.

Protect Your Cards

Take these steps to protect your cards:

Thinking About Financial Goals

Thinking About Financial Goals

Eric Maldonado, CFP®, MBA
Financial Planning, Goal Setting

This is meant to be a helpful infographic to jog your mind of financial goal categories one could set goals within. Sometimes it’s difficult to get the ball rolling mentally, especially if long-term financial goal setting isn’t your cup of tea. Which, let’s be honest, who is setting aside their Friday nights writing down their long-term financial goals? Almost no-one.

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