What is one of the most important yet rarely asked questions about saving for retirement?
This one eluded me at the time I was saving and now it's a cause of concern.
I believe that everyone pays attention to where and how their money is invested. They pay attention to management fees and the safety of their hard earned money.
And most qualified financial advisers can offer guidance and direction based on historical data and personal experience. And they can set up many vehicles for getting your contributions invested as conveniently as possible.
So what's the question I forgot to ask?
"How do I get my money out when I need it."
I am finding out that many of this investment firms are set up to TAKE your money, but getting it out requires pages of paperwork, medallion signature guarantees, and weeks of time. Say what?
Always ask about the redemption process. You might be surprised at how these vary from company to company.