We have all been on trips before. Whether they are business trips or personal ones, before you go there are always certain things you have to do to prepare for it. If it’s a business trip, your decisions are rather limited. But if you are traveling for personal reasons, you have to think about where to go, how … Read more
401k Retirement Planning Basics Information You Need To Know How many financial workshops, put on by your employer for the benefit of you and your fellow 401k participants, have you attended only to completely lose interest after the presenter recites more rules and regulations than you can count? If you are tired of 401k retirement … Read more
Steps To Review Your IRA & 401k Investment Accounts Your IRA’s and 401k Investments Need Attention You already know that you need to review your investments on a regular basis. Retirement experts suggest that investors review Individual Retirement Accounts (IRA’s) and 401k investments at least once a year. The purpose is to help you monitor the returns, trends, market … Read more
Be Open About Planning Your Retirement Retirement is a big step. Exchanging full-time work for full-time retirement can be an emotional transition. Throw in the financial aspect of retirement and it can be quite overwhelming. You can avoid becoming overwhelmed about planning for your retirement if you allow yourself to look at planning differently. The Basics: Gotta … Read more
2 Important Tips On Borrowing From 401k Plans #1 – Cheating Your Retirement Borrowing from 401k plans in a financial pinch may sound like a good financial strategy in the short-term but is it the right move for the long-term? Never forget why you invest money into your 401k plan…for the day you want to leave the work force, … Read more
Do You Always Benefit From Maxing Your 401k Contribution Limits? Before you answer that question you need to review your personal financial circumstances and goals. There are situations when maxing out your 401k contribution limits will be of great financial benefit to you; however, other situations may be a financial setback. Here are 3 situations when you … Read more
Your Retirement Money Options When you start a new job the last thing you may be thinking about is the money in prior employer’s retirement plan. Your negligence may be due to a misunderstanding of the options available to you. Let us help you understand those options so you can choose which one works best for … Read more
Is Your 401k On The Right Course? Without a 401k check list how would you know if your 401k is on the right course? You wouldn’t, which is why we have come up with a check list for you. If you review your 401k once a year you stand a better chance of reaching your retirement … Read more
Your Retirement, Your Way Accumulating enough money for the retirement of your dreams is still possible. The best advice you can follow about retirement planning is to stop listening to the negative chatter about dream retirements not being attainable. They are attainable if you follow a few simple retirement rules. #1 – Set Your Savings Goals Before you … Read more
Don’t Neglect Your 401k Financial planners sometimes give so much good financial advice that you may feel overwhelmed and just tune-out their advice. One bit of advice you best not tune-out is the advice they give about never neglecting your 401k account. The most important financial discussion you can have with yourself is the one … Read more
Is There A Better Way Than Your 401(k)? Some financial experts believe that your 401(k) retirement plan may need a second look. When money is tight you want the biggest bang for your buck. This philosophy holds true whether your buying a bag of groceries or investing in your retirement plan. In any situation you … Read more
Every one of us accomplishes our life’s goals at different times throughout our lives. We each use a different set of building blocks. We each face challenges and have to overcome those challenges in the development of our careers & financial lives. Do you know your challenges and goals? Do you know what will … Read more
Small businesses today have many types of retirement plan options available to them. Businesses can choose: 1) Business 401k plan (sometimes referred to as a Traditional 401k plan). 2) Simple 401k plan (sometimes called the small business 401k plan). 3) Simple IRA plan. The IRS considers all 3 of those retirement plans qualified retirement plans. And even though … Read more
A Simple IRA plan is one type of business IRA often used by businesses with less than 100 employees. The Simple IRA plan is popular with business owners for two reasons. The first reason is because it Is easier to start and administer than a 401k plan. The second reason is that the administration fees are usually less than a 401k plan. … Read more
You need extra money to build up your investments, but you never seem to have enough money, so your investments are not as strong as you would like. Believe it or not, you may have extra money but just don’t think you do. If you are looking in the wrong places for extra money or you don’t … Read more
401k retirement plans can sometimes seem overwhelming; and that’s unfortunate because they should not be. But when you just have a vague understanding of what you can and cannot do, it can feel overwhelming. Your 401k plan will seem complicated if no one ever took the time to explain the basics. It can get quite frustrating when you have questions but you’re never … 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
Due to the increase in company downsizing financial institutions are seeing an increase in 401k IRA activity. When you are downsized or leave a job for other reasons, you have four options on handling your 401k account balance. You can leave it with your prior employer, cash out your 401k retirement account, roll over the account balance to an … 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
If you want to retire someday – you need to start thinking about where your retirement income will come from. Unfortunately there are no retirement fairies that will hand you money when you feel like retiring. The Social Security Administration used to be the retirement fairy; but that is becoming more and more unreliable as a … Read more