C.S. Lewis said, “You are never too old to set a new goal, or dream a new dream.” Is it possible he could have known about today’s retirement crisis? The truth is, no matter how much we prepare, sometimes, life happens. The closer we are to retirement age, the more strategy we need to employ …
6 Events that Can Interrupt your Retirement Plans and What You Can Do about it Read More »
When you’re self-employed, the burden of saving for retirement falls entirely on you, which can be a bit daunting. At the same time, being self-employed allows you total freedom over your financial future; you can more-or-less decide how much to contribute to your retirement fund as well as what type of retirement account will best suit …
Retirement Planning for the Self-Employed: 4 Mistakes to Avoid Read More »
Most working people are familiar with the concept of a 401(k) tax-deferred retirement savings plan. If offered through an employer, the payroll department deducts a percentage of your check that you designate for retirement savings and invest it in your preferred portfolios. To encourage their employees to save for retirement, some employers offer a …
Roth IRA’s can be an excellent retirement saving vehicle. Roth IRAs allow you to save $6,00 per year towards retirement if you are under 50. People who are 50 or older can contribute a “catch-up” contribution of $1,000 each year for a total Roth IRA contribution limit of $7,00 per year. Unlike Traditional IRA’s and …
The research on investor performance is clear. The average mutual fund investor tends to have worse returns than the average mutual fund. Behavioral factors have a lot do with this. People tend to be emotional, and can often react in precisely the most incorrect way possible when markets are volatile. Fear often causes investors to …
Why are Investor’s Returns Often Different than the Investments They Hold? Read More »
When someone passes away leaving money in a traditional IRA, the money will go to whomever is listed as the beneficiary of the retirement account. That is simple enough, and is accomplished by writing names in the appropriate blocks on the IRA form at opening. When this happens, the beneficiary has an inherited IRA. However, …
It is no secret that Americans have a tough time saving for retirement. This is particularly true of millennials. The Great Recession has delayed the beginning of well-paying careers for many 18 to 34 year olds. A recent Bankrate.com study showed that millennials fear running out of money in retirement, but if you are struggling to …
There are several key points to consider if you’re interested in a non-traditional retirement or one involving a second career. With the booming innovation economy and rapidly expanding communication technology, people are no longer restricted to one career or even location. Traditional methods of financial planning focus on wealth and capital accumulation during the working …
Planning for a Dynamic, Non-Traditional, Retirement Read More »
