Kiplinger’s Personal Finance and the National Association of Personal Financial Advisors will co-sponsor “Jump-Start Your Retirement Plan Day,” an eight-hour online chat, on Thursday, June 5.
You can ask questions in advance or just follow along on Twitter as 20 money professionals offer their professional advice.
Free professional advice.
Now that I’ve got your attention, check out the touchy-but-necessary topics these money mavens will discuss:
- Saving for retirement – 401(k)s, IRAs and Roth IRAs
- Taxes and retirement – including but not limited to estate and gift taxes
- Earning while retired – Social Security and income investing strategies, whether you’ve already stopped working or merely making plans
- “Financial challenges” – paying down debt, investing, saving for your kids’ college
To that last I’d add “boomerangers,” i.e., kids who come back after schooling or because of personal economic downturns. About three in 10 young adults are bunking with Mom and Dad, but this isn’t always voluntary; almost 10 percent of grads between 21 and 25 are unemployed and 16.8 percent are underemployed, according to the Economic Policy Institute.
By comparison, back in 2007 those figures were just over 5 percent and 9.6 percent, respectively. Ouch.