Brodie Johnson of Merrill Lynch: Saving for Retirement if You Start Late

After more than 35 years working at Merrill Lynch as an investment banking professional, Brodie Johnson entered into semi-retirement as a part-time financial consultant. He currently helps a handful of clients with their investment and retirement strategies.

Saving for Retirement

If you've realized that your retirement isn't too far away, but you didn't start saving in your 20's, there are still things that you can do to save for your upcoming retirement.

·         Play catch-up. By the age of 40, you can start to save $17,000 a year in a 401k retirement fund. After 24 years at a seven percent rate of return, you'll have one million in savings.

·         Understand how much you'll need.

·         Avoid taking on more risks.

·         Open a Roth IRA and avoid capital gains tax when you withdraw the money during retirement.

·         Buy adequate insurance.

·         Pay down debt.

If you'd like more information about Brodie Johnson, the former head of residual trading at Merrill Lynch, you can visit his website at www.brodiejohnson.com. 


Comments

Post a Comment

Popular posts from this blog

Brodie Johnson of Merrill Lynch – Private Investing

Image
Before heading into semi-retirement, Brodie Johnson worked for two high-profile investment firms, Merrill Lynch and Bank of America. As the Head of Residual Trading and a director in the Collateralized Mortgage Obligations (CMO) business, Brodie Johnson of Merrill Lynch gained invaluable experience in the financial industry. Today, along with working part-time as a consultant to a few select clients, Mr. Johnson enjoys exploring his own private investment opportunities, even though he never worked as a stockbroker. Also Read:  Understanding CMOs Brodie Johnson Merrill Lynch
Read more

Brodie Johnson of Merrill Lynch – Three Decades of Experience

Image
Brodie Johnson spent more than three decades as an investment banker at Merrill Lynch and Bank of America. He served as the Head of Residual Trading at both companies before entering semi-retirement. Today he is an independent consultant, helping a select number of clients, and he continues to follow the financial sectors to stay up-to-date so he can better assist his clients. When he isn’t helping his clients, he enjoys spending his free time skiing, traveling, and reading. Also, visit.  https://www.youtube.com/watch?v=YGKQHQkRyDo
Read more

Brodie Johnson of Merrill Lynch – Enjoying Semi-Retirement

Image
After more than three decades as an investment banking professional, Merrill Lynch’s, Brodie Johnson semi-retired from his position at the company. During his time at Merrill Lynch, Brodie Johnson held the position of Head of Residual Trading. Now that he is semi-retired, Mr. Johnson enjoys spending time on the slopes, exercising, reading, traveling, and listening to music. He is also enjoying more time to spend with those that he loves.  Also, visit.  https://www.behance.net/brodiejohnsonmer
Read more