If you are searching for this information, you already have a retirement plan or are looking to develop one. You have come to the right place because you will get an insight into how much your retirement savings will last and what you can do to make them last longer.
Read MoreThere really can't be a winner when comparing 401k vs Roth IRA, as both have their set of pros and cons. Even when you consider the unique feature of the self-directed 401k plan, it cannot be considered a retirement solution that can fit everyone.
A better understanding of these two retirement plans can be gained when we compare their main features. So, let’s look at each of them more closely to see which one is the better option for you.
Read MoreHave you thought about your retirement? If your answer is no, you need to start right now. It does not matter how old you are or how close you are to retirement, it is never too early or too late to start thinking about your retirement.
Read MoreWhen you begin your career, you probably do not think about retirement or Social Security retirement benefits. However, now is the time to learn good financial management.
And here is the deal about the age of retirement in order to receive the Social Security benefits. You do not have to wait until you are 62 to 70 to retire, but unless disabled, you cannot access the Social Security benefits. You will potentially be able to access the funds in your IRA.
Read MoreHonestly, almost nobody thinks about retirement when they have just graduated from college. You land your first job and your benefits package likely has things you never even heard of before. Along with learning how to handle money, you need to learn about the insurance and account types available to you.
Better packages offer accidental death and dismemberment insurance and long-term care insurance. They also typically include a retirement account. Pay close attention to the retirement account options. Your employer may give you a few.
Read MoreA Roth IRA can offer significant tax advantages but there are some strings attached. You will need to abide by IRS rules in order to avoid the shock of paying taxes or penalties when you take distributions.
Read MoreThere are some that simply have not made a plan to start saving. Others feel they do not have enough money. Some people just do not know where to start. Then, there are those that do not understand all of the digital tools around to help with retirement, so they avoid them. In this article, our retirement advice dives a little into the automation concern, how automation can benefit you financially, and how to use it efficiently.
Read MoreThere are many of you other there that are only a year away from retiring, or are currently retired who are kicking themselves for not saving more sooner. You may even be wondering if you should still save money while you are retired. To be honest, it is never really a bad idea to continue to save money, even if you are retired.
Most people who are retired today have some type of part time job or some other means of income coming in. If you have a source of income, why not continue saving it? Really the question is not should you continue to invest in an IRA, but what type of IRA should you invest in?
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