Russell and Company, LLC
Given Walter’s unique interest in the financial markets and his excited to meet new people, being a financial advisor was the perfect fit for his career. He started his career as a financial advisor with JP Morgan Chase in 1999. His goal was to provide financial guidance to people in all areas including investments, insurance, taxes, and estate planning. In October 2008, he transitioned to Ameriprise Financial a firm that prides itself on Financial Planning. Later in 2011, he formed Russell and Company, LLC.
With the hope of helping people make sense of investing and their personal finances, Walter launched his first Blog called SimpleMoneyTipsforWomen. With so many different options out there, Walter hopes to simplify the financial landscape so you can make smart financial decisions.
Walter resides in Columbus, Ohio with his wife, Carisa, and their three daughters.
BA, Finance Capital University
Assets Under Management:
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Russell & Associates is not affiliated with Kestra IS or Kestra AS.
I totally understand your frustration/concern. I would recommend that you two have a conversation. Even though it going to be diffcult. I would rather you both be in agreement. If you two are not on the same page it could cause other problems in your relationship. Once you discuss both sides, then you should create a plan. Here is an article I wrote about that same issue.
I would recommend establishing a taxable investment account.
You can systematically invest into this account on a regular basis. There are no maximum limits you would have to worry about.
I would also talk to your HR Department and find out if your company will be establishing a 401k plan in the future.
If not, maybe consider looking for a new company to work for.
Yes, you are responsible to pay taxes on your gains. Here are some helpful hints.
Yes, you could retire. (But I don't know if that is the best thing for you.)
If you do retire, I would recommend that your wife work until you reach 65.
There are other factors such as debt, income needs, estate planning, and taxes.
The information you provided is a little incomplete to give you the exact answer.
I hope this helps.