Before you hire a retirement planner interview them to make sure they actually specialize in retirement planning so that they can properly advise you on all details of retirement accounts, big details as well as small details. A good financial planner is not necessarily a good retirement planner. Not all financial planners may have the … Read more
You have heard the advice before, so we will only repeat it once, to get ahead financially you must investment; preferably in a tax-deferred retirement investment. To get ahead financially you should be investing as much as you possibly can into a 401k account and or an Individual Retirement Account. Now that you have worked … Read more
Your ability to save for your retirement and defer paying the taxes on that investment money until you retire is the benefit of investing into a 401k account. Very few other investments allow you that tax deferred benefit. But since all 401k plans are not designed the same, you need to learn about the basic … Read more
401k retirement accounts have one true purpose and that is to help you save for your future. This is where some investors have a conflict. 401k retirement accounts were established by the federal government to allow investors to put money away for retirement on a tax deferred basis. 401k’s are not meant to pay for immediate financial needs; that’s what … Read more
When you need money for emergencies and you have depleted your other resources, you might be thinking about taking a loan out against your 401k retirement account; that would not be your best idea. Retirement plans were originally established by the federal government as a way to help individuals save for retirement on a tax … Read more
Are you planning for your retirement the right way? Proper retirement planning means the difference between having a great retirement and a retirement where you will have to keep working. How are you planning? How are arriving at the amount of money you will need to accumulate before you end your career to be able … Read more
Retirement financial advice on retirement accounts such as 401 k plans, Traditional IRA plans and Roth IRA account should be reviewed differently. Each of those investment vehicles have different tax consequences and eligibility rules. 401k retirement plans, Traditional IRA plans and Roth IRA accounts each have different advantages depending upon your income level and your personal financial needs. Your income level … Read more
Are you financially ready for your retirement? You want to be ready, don’t you? Or do you want to be one of those individuals who have to keep working when they retire? Since we are living longer now a days, retirement for most of us will be one of the longest periods of our life. For some … Read more
Good retirement advice can cover a broad spectrum of topics, including 401k’s, IRA rollovers and IRA investments in general. But good retirement advice should not just reflect on retirement investments. Good advice should also be about your financial habits. This is for the simple reason that how you handle your money today determines what your retirement will look like. … Read more
Everyone is looking for the best retirement advice. Investors want to know about the easiest and fastest way to get ready for retirement. Investors looking for that silver bullet will be disappointed because there is no silver bullet when it comes to preparing for retirement. Retirement prep is a process. It begins when you start your career and … Read more
The IRS has established rules and limits for all Individual Retirement Accounts (IRA’s). Some of these Individual Retirement Account rules are different for a Roth and a Traditional, but the maximum contribution limits are the same for both types of Individual Retirement Account’s. With all of the rules that apply to Individual Retirement Account’s you need a guide just to keep … Read more
When you change jobs you have lots going on. And you also have a lot of decisions to make. Some decisions are more important than others of course. One decision that may not seem too critical but is quite important is what to do with your 401k retirement account. The reason this decision is rather important is because of the financial … Read more
If you want to retire some day, like you say you do…it will take a real commitment from you to prepare for your retirement, financially speaking that is. The investment choices are there for you; IRA’s, 401k retirement plans and annuities, just to name a few. However, your investment choices may be the easier part, the more … Read more
When you need help with your 401k retirement account, where do you go for it? The obvious answer would be your 401k company. You should be able to use your 401k company as a resource for all of your 401k questions and concerns. Your 401k company should provide you all of the 401k info that you need; some 401k … Read more
Individual Retirement Account’s (IRA’s) come in all shapes and sizes. There is the SEP IRA, the Simple IRA, Roth IRAs and the IRA traditional. Which IRA is right for you all depends upon your personal retirement needs; ask your financial planner. Individual Retirement Account’s can have different contribution limits, rules and benefits. Ask your financial planner … Read more
To attain, you must first have a strategy to get you there; that sounds so simple and yet it’s a concept that’s so often overlooked. To build your wealth, the same is true, you need an investment strategy. Instead of just guessing about where to invest, you will be more successful if you develop a strategy. There are no … Read more
You have to come to terms with your finances sooner or later. It’s okay to not have all the answers. We have outlined some simple tips that will help you get ahead with your finances. Getting Ahead of Your Finances Tip #1 – Your Credit Cards Start with credit card debt. Pay off your credit cards. Get out of debt. Stay … Read more
Someday you will reach retirement age…guess what, we all do. The question you need to ask yourself is whether or not you will be ready to stop working when you do reach retirement age. Will your investments be enough to support you in retirement? The only way to stop working is to have enough money saved … Read more
Most women are not frightened easily, except when it comes to personal finance. Women put up barriers when it comes to financial matters. Women invest much too conservatively because they do not understand investments such as stocks and mutual funds. They delay saving for retirement because they aren’t sure about how much they should contribute … Read more
Believe it or not, planning for retirement is a life long commitment. To do it right you will need you entire life time to save enough money to retire; unless, of course, you are lucky enough to inherit wealth. We all want financial security, but don’t always know how to go about getting it. Achieving … Read more