It’s never too early to plan for your retirement. In fact, the earlier you start, the better off you’ll be. Use these helpful tips to make retirement as easy as possible. Max out your 401(k) match. If your employer matches your contributions to your 401(k), see if you can contribute the maximum amount. Experts recommend contributing … Continue reading “Navigate Your Retirement With Early Planning”
Category: Retirement
Last week we shared about organizing your finances to help family and budget. Now we’ve got a few tips for staying informed and in control. Do you know your net worth? Or how much you spend each month, and on what? Or how much you can expect from your pension plan or Social Security in retirement? … Continue reading “Simple Tips to Organize Your Finance”
If you don’t plan ahead on how and when you should access your IRA (individual retirement account) money, you may get a worse tax bite than necessary. The rules that govern minimum required distributions from IRAs are among the most complicated in our tax code. This article and chart only give a brief overview so … Continue reading “How to Withdraw From Your IRA”
By the year 2033, Social Security’s reserve trust funds could be exhausted. Though people disagree about when the money will run dry, and how to avoid it, it could happen in your lifetime. You can prepare for the possibility starting now. IRAs (individual retirement accounts) offer young workers the opportunity to potentially receive higher benefits … Continue reading “Retirement—Gen Y, This Is for You”
Do you have questions about Social Security? Not sure where to look next? Whether you’ve just started treading these waters, or it’s been years since you started receiving benefits, it can be difficult to get the answers you need. Follow these suggestions to limit frustration when seeking out answers: Visit the website Save yourself time and … Continue reading “5 Ways to Get Social Security Help”
The beauty of the Internet is that anyone can start a blog. The ugly truth about the Internet is that anyone can start a blog. And no, that’s no typo. There’s a lot of content floating out there about how to manage your money and build long-term wealth, but not all of it is good. … Continue reading “Financial Advice You Should Never Follow”
Did you leave behind a 401(k), 403(b), or 457 governmental deferred compensation plan at a former job–or are you about to? These are a few things to consider for your investments, but before making any moves, contact your plan administrator and, if necessary, a financial or tax adviser for complete information about the rules and … Continue reading “Did You Leave a Retirement Plan at a Former Job?”
Don’t assume your retirement accounts are safe from hackers just because they’re insured by the NCUA (National Credit Union Administration) or FDIC (Federal Deposit Insurance Corporation). Hackers are poised to move from retailers to financial institutions, and your retirement accounts are squarely in their cross-hairs. Your financial and personal information can be stolen in more … Continue reading “Don’t Let Hackers Crack Your Nest Egg”
Working part time during retirement is about getting the best of both worlds: an opportunity to continue earning along with the flexibility to pursue personal goals. Opportunities to work part-time are becoming more plentiful as employers scramble to replace the large number of baby boomers now reaching retirement age. Fortunately for employers, many “retired” workers … Continue reading “Part-Time Work Proves Rewarding for Retirees”
How do you define wealth? The dictionary says wealth is “a large amount of money and possessions.” But I propose the following, straight-forward definition: wealth is the difference between what you are earning and what you are spending. If you have never been “rich,” you’ve probably never defined yourself as wealthy, but no matter what … Continue reading “Get Wealthy, Not Rich: Change How You Think About Money”