Other posts tagged: planning retirement

Choosing a Retirement Account

We all know we need to save for retirement, no matter how many years away from retirement we are. But understanding the choices and choosing the right account can seem daunting. What is available and what is best for you? Matching received contributions from your employer, increasing your retirement savings, there are several ways to categorize the universe

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7 Ways to Retire with $1 Million

  Many workers will be able to accumulate $1 million over the course of their career if they save consistently beginning at a young age, invest prudently, and avoid withdrawing money early. It helps, of course, to sidestep fees, taxes, and penalties along the way whenever possible. Here’s what it takes to become a millionaire

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Save for Retirement and Still Pay Your Kids’ College Costs

BY IVORY JOHNSON, CNBC You can borrow money for a college education but not for your retirement. It’s what we, as financial experts, truly believe. But a constant tug-of-war between 401(k) plans and Section 529 college savings plans has ensued in investors’ hearts and minds—and neither side appears to be winning. Identifying priorities is no easy task. Just

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Ultimate Guide to Retirement II

Where should I save my retirement money? Tax-favored retirement accounts such as individual retirement accounts (IRAs) and 401(k)s are the best places to save for your retirement. The different types of plans have different features, but most of them allow you to defer taxes on the money you save and the returns you earn within the account. “Tax deferral”

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Considering a CD

Shopping at your credit union for a CD (certificate of deposit) isn’t quite as easy as going to the local music store for a CD (compact disc). But it’s a lot easier to choose than some other types of investments. By definition, a CD or certificate of deposit is a time deposit. That means you

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Top 10 Ways to Prepare for Retirement

1. Start saving, keep saving, and stick to your goals If you are already saving, whether for retirement or another goal, keep going! You know that saving is a rewarding habit. If you’re not saving, it’s time to get started. Start small if you have to and try to increase the amount you save each

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Don’t Make These Mistakes with Your Retirement Savings

Make one or two mistakes in handling your retirement money and you could be paying a stiff penalty later in your life. With the stock market on such unsteady legs, it pays to stay clear of these common mistakes: You pay attention to the market losses instead of your long-term needs. Catastrophic events and long-term

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Retirement Planning Tips

Regardless of age, planning for retirement is an important component of any long-term financial strategy. Through the benefits of modern medicine, people are commonly living well into their 80s and beyond. Coupled with the continuing uncertainty surrounding social security benefits, careful planning is vital to ensure adequate financial resources are available throughout retirement. At its

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