Other posts in the Retirement Category

Should You Retire or Become an Entrepreneur?

July 18th, 2019

The average age that people are retiring these days is 60. For the past twenty years, that number has slowly been rising. The main reason is that we’re living longer so we’re choosing to work longer. The other reason is aging workers can’t rely on a pension or social security to sustain them in their

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Should You Touch Your 401(k)?

April 25th, 2019

If you’ve taken saving for your future seriously, chances are you have a 401(k). In case you’re unfamiliar with the term, a 401(k) is a savings/investing plan from employers that gives you a tax break on any money you set aside for retirement. Good savers can accumulate a tidy sum in these types of accounts,

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Redefining Retirement

April 11th, 2018

Gone is the dream of twilight years spent on the golf course and keeping an immaculate lawn. And at the same time, gone is the guarantee of Social Security and dependable pension plans. Contributing to this shift in the retirement landscape is the desire of twenty- and thirty-year-olds to be involved and serve a purpose

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Choosing a Retirement Account

August 15th, 2016

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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6 Tips for Financial Planning in your 40s

July 30th, 2015

If you’re in your 40s, you could be considered either a late baby boomer or a member of Generation X. Either way, you’re at a time in your life when you’re putting youth aside and should be doing some financial planning for your future and your family’s future. A dilemma faced by people in their

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Guide to Your 401(k)

March 30th, 2015

1. A 401(k) offers three compelling benefits. A 401(k) represents a way to reduce your taxable income since contributions come out of your pay before taxes are withheld; many plans include a matching contribution from your employer; and the money you save benefits from tax-deferred growth, which lets your money compound more quickly than it

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7 Ways to Retire with $1 Million

January 19th, 2015

  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

January 7th, 2015

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

October 27th, 2014

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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