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It’s the last week of the month, so you know what that means! We’re back with a new mailbag episode. We’ve got some great listener questions lined up for you today, so stick around to see what responses and strategies might apply to your situation and help improve your financial picture.
James asks whether getting a part-time job in retirement could cause Social Security penalties. Jake asks whether he should be selling the company stock he receives as part of his 401(k) contributions immediately and then investing the proceeds in something else. Stay tuned to get Scott’s thoughts on these questions and more!
Here are the questions we answer in this episode:
- I retired last month and started my state pension and Social Security. I’d like to do some part-time work, but I’ve heard that this can mess up my Social Security. Should I avoid getting a job?
- I just started a new job, and my base salary is low enough that it would be hard to contribute to a 401k and still pay my bills. Is it okay to just use my commissions for retirement savings?
- My company makes contributions to my 401k, but they’ll only do it in the form of company stock. I’ve just been selling it immediately and then investing in something else. Any reason I shouldn’t be doing that?
You can listen to episode 124 here!
Thanks for checking out this episode of the podcast. If you’d like to learn more about financial and retirement planning, check out our YouTube channel here.