Category: Dawn Bennett

Bennett Group Financial Services LLC: Managing Wealth

Bennett Group Financial Services LLC founded by Dawn Bennett as a comprehensive financial research and media firm. It provides clients with everything they need to manage their wealth, including a sound understanding of the finance industry.

Financial Myth Busting, a popular radio show in Washington, D.C., offers Bennett Group Financial Services LLC clients yet another valuable source of wealth management information. If you would like to begin managing your own finances, and you don’t yet have a surplus of resources, tips like those touched on below can help you start in the right direction:

  • Make Goals First

Managing your wealth requires goals so that you know how much you need to put where. Take time to consider what you want in your life. Retirement, travel, purchasing a car, buying property, paying down student loans and any other goals you have for your life should be considered.

  • Plan Second

You need a plan if you’re going to reach your goals. Consider each goal’s time frame and cost, and then plan for how much you need each month to get there. This could mean pushing some goals back or finding new sources of income.

For comprehensive information about wealth management, pick up a best-selling book on the topic and go from there. Alternately, contact a financial advisor in your area for a personal consultation. For additional reading on Bennett Group Financial Services, check out at : https://www.techgig.com/bennettgroupfinancial

Bennett Group Financial: Less Known Facts About Your 401k Plan

Many people have a 401k plan and there is a good reason for that: people want financial stability once they stop working. As a company like Bennett Group Financial Services would tell you, however, these plans can offer more than retirement money. If used wisely, they can yield you far more financial benefits, which can be a welcomed addition to your 401k money. Some of the creative ways of using your 401k are taking a loan or tapping into it before retiring.

Loan

Not all people realize this, but the 401k is actually a source of money that is available for them to use. It can even be used as a loan when all other options fail. A financial expert can look at your 401k and help you find out whether you can use it as a loan or not. Now, of course, the loan has to be paid back, but knowing that you have a source of money available if you need it can increase your financial comfort.

Accessing the Money Before Retirement

This is not available with every kind of 401k plan, but some allow you to access the money before your retirement. It is called an “in-service distribution”, and if you are still employed by your company at the time you want to access it, you might be eligible to do so, depending on which type of 401k you have.

To know if your 401k qualifies or not, get in contact with an investment advisor company like Bennett Group Financial Services