I am 73 and my wife is 70 with one son. We have $235,000 in a savings account and we each have $250,000 in Roth IRAs. We also have $1.675 million in a brokerage account and $1.55 million in a 401(k). Everything other than the two Roths are invested solely in stocks and the two […] The post Ask an Advisor: We’re in Our 70s With Nearly $3.5 Million Invested ‘Solely in Stocks.’ Should We Switch to a 60/40 Portfolio? appeared first on SmartReads by SmartAsset.
Patils goals include building an emergency corpus, saving for his childrens higher education, and for an early retirement in 13 years at the age of 50. Patils current savings and ongoing investments will help him achieve his goals in the required time frame.
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When a company incorporates, there will be a specific number of common stock shares that are authorized. Founders must decide how many of those shares they will allocate to themselves and how they will divide up those shares equitably.