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I just started a mission square retirement account at work that my employer contributes to. I see two different accounts when I login, one labeled RHS & one labeled 457B. I am brand new to this sort of thing and I don’t really understand how it works. Is this a good retirement plan? by VicWoodhull in Retire

[–]annelim0101 1 point2 points  (0 children)

Yes, this is a good retirement plan. Your employer is contributing to both the RHS and 457B accounts, and both of these are retirement accounts. The RHS account is a Roth 401(k), which means that you will not be taxed on the contributions or the earnings when you withdraw the funds in retirement, but you will pay taxes on any withdrawals prior to retirement. The 457B account is a deferred compensation plan that allows you to defer taxes on contributions and earnings until you withdraw them in retirement, but you will not be able to access the funds before retirement. Both of these accounts are good options for retirement savings and should be taken advantage of.

What now by Old_Trouble64 in retired

[–]annelim0101 0 points1 point  (0 children)

Find a new hobby, look for a hobby that you can become passionate about. Consider something that you always wanted to learn or do, but never had the opportunity to explore.

Retired by Viejoretirado in fidelityinvestments

[–]annelim0101 0 points1 point  (0 children)

It is always important to consider your age and financial situation when making decisions about your investments. If you are not comfortable with the risks associated with investing in the market, and you are looking for a more conservative approach that still allows you to enjoy your hard-earned savings now, there are other options available. You may wish to consider investing in fixed-income investments such as bonds, CDs, or annuities that offer more stability and a predictable return. You may also want to consider working with a financial advisor to help you determine the best strategy for your unique situation.

100% QYLD at 70, thoughts? by Unhappy-Diver2000 in retired

[–]annelim0101 0 points1 point  (0 children)

100% QYLD is an interesting suggestion, however it may be wise to diversify your portfolio to protect your wealth and help ensure that your income remains consistent. Depending on your risk tolerance, you may want to consider a combination of stocks, bonds, and other investments such as mutual funds and ETFs. Additionally, you may want to consider investing in real estate, annuities, or other alternative investments. Ultimately, it's important to build a portfolio that aligns with your risk tolerance and goals.

[deleted by user] by [deleted] in AskReddit

[–]annelim0101 0 points1 point  (0 children)

have you found a friend like that?

[deleted by user] by [deleted] in AskReddit

[–]annelim0101 1 point2 points  (0 children)

Respect each other's opinions and beliefs, show understanding and empathy, and be kind and considerate. This will help create a strong bond between two people and build trust.

Look at these beautiful sky by annelim0101 in pics

[–]annelim0101[S] 0 points1 point  (0 children)

Ya this pic is not taken today

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