- Top 4 Mistakes People Make with Inherited IRAs
It’s easy to get lost in the midst of complications surrounding inherited IRAs. Unfortunately, the decisions beneficiaries make in the months after inheriting retirement accounts can mean the difference between a reliable income source and a hefty IRS bill. Let us walk you through the top four mistakes heirs make with inherited IRAs and share our… read more…
- The Pros and Cons of Retiring in a Big City
Is retirement on your mind? If so, you may be wondering where to settle in your golden years. This choice can have a big impact on your happiness. Whether you’re living in a big city now or considering moving to one in retirement, it’s important to know the pros and cons of retiring in a booming metropolis.… read more…
- The Pros and Cons of Target Date Funds for Retirement
Maybe your 401(k) is invested in a target date fund, or you’re considering a target date fund for your IRA. You should know about the growing debate around an important question: How well do these funds work as retirement savings vehicles? Read on for the pros and cons of these popular funds. Find out now:… read more…
- 6 Best Places to Put Your Emergency Fund
What happens when the car breaks down or your refrigerator conks out or you end up missing a week of work because you’re sick? If you’re prepared, you just tap your emergency fund instead of relying on credit cards or… read more…
- 2024-2025 Retirement Contribution Limits
Funneling money into a tax-advantaged account, such as an IRA or a 401(k) is a must if you’re banking on enjoying a comfortable retirement. These kinds of accounts offer a much higher rate of growth compared to a regular savings… read more…
- Social Security Myths Busted
If social security were a person, 2015 would mark its 15th year receiving benefits. In other words, the most significant social benefits program in history turns 80 shortly. The program looks remarkably good for its age and shows no signs of slowing down or going away anytime soon. That is, unless you believe the rumors… read more…
- Is Phased Retirement the Right Move?
Making the transition from working 40+ hours a week to suddenly having tons of free time can be mentally jarring for some retirees, not to mention the impact it can have on your finances. Without something to occupy their time… read more…
- 6 Tips for Understanding Required Minimum Distribution Rules
Mapping out your retirement strategy involves more than just tossing money into a tax-advantaged account; you also have to pay attention to what the guidelines are for pulling the cash back out. Certain types of qualified savings plans, including 401(k)s… read more…
- Filing Bankruptcy in Retirement? What You Need to Know
Ideally, by the time you reach retirement age, you’ll have accumulated enough savings to sustain a comfortable standard of living. Unfortunately, that’s not always the case for seniors who find themselves entering their golden years saddled with debt. Faced with… read more…
- What Is an Annuity?
An annuity is a financial contract you can sign with an insurance company, wherein you pay a premium in exchange for guaranteed payments at a later date. Annuities can be a useful tool to help you fund your retirement. If you’re worried that you might outlive the savings you’ve built with your 401(k) or IRA… read more…
- The Highest Paid Player in the NFL Is… a Kicker?
Earlier this year, when MLB slugger Miguel Cabrera signed an eight year contract worth $248 million, much was made of one astounding aspect of that deal: on average, over the course of the coming decade, Mr. Cabrera will earn nearly… read more…
- Top 5 Risks to Your Retirement Fund
Saving for retirement can be confusing and arduous. This is especially true if you’re in your twenties or thirties and have decades ahead before you can even seriously consider retiring. However, thinking about and saving for retirement is a major burden that we all have to deal with. To that end, there are constant threats… read more…
- 4 Reasons to Skip Out on 401(k) Contributions
Investing in a 401(k) is a fairly hassle-free way to build your retirement savings — but there are certain times when you should forego investing in a 401(k), like if you have more pressing financial problems, such as debt. While… read more…
- Top Business Opportunities for Retirees
To many, an imminent retirement can seem like a prison sentence. They feel they will be cut off from the world and locked away, enjoying only the occasional weekend visit by family and friends. For those who want a little more… read more…
- College vs. Retirement: Can Single Parents Save for Both?
Raising children is one of life’s biggest challenges and it’s even more so when you’re going it alone. Many single parents become so focused on providing for their kids that they tend to overlook their own financial priorities. In fact,… read more…
- 5 Retirement Rollover Mistakes to Avoid
When you’re contemplating a career change, one of the most important decisions you’ll have to make is what to do with the retirement savings you’ve accumulated. If you contributed to a 401(k), 403(b) or a similar employer-sponsored plan, transferring it… read more…
- How to Save for Retirement Without an Employer Savings Plan
The sooner you can start saving for your retirement, the better. Plus, saving for your retirement is often made a lot easier with the help of an employer savings plan. However, not everyone has access to a 401(k), 403(b) or… read more…
- 5 Retirement Planning Moves for Late Starters
When you’re trying to build your nest egg, it’s best to start setting money aside as soon as possible. The longer you put it off, the less time your assets have to grow. If you wait too long, you risk… read more…
- IRA CD vs. Traditional or Roth IRA
If you’ve already maxed out your retirement contributions through your employer’s plan or you’re not eligible to participate in a plan at work, an individual retirement account (IRA) could be incredibly valuable. IRAs are typically categorized as traditional or Roth… read more…
- Don’t Forget About Life Expectancy When Planning For Retirement
There’s a lot of variability when it comes to planning for retirement. If you’re a 20, 30 or even 40-something plugging away at your day job, you’ve probably entered your information into a retirement calculator once or twice just to see what came up. It’s always fun to think about retirement no matter how far away… read more…
- How To Retire The Way You Want
So we all know that the key to retiring is saving your money and investing well. But there are a few other helpful tips you may not know that can help you retire the way you want. Related: How Much… read more…
- The Rise of the Software Engineer
A computer is only as good as the information that’s fed into it. That’s one of the truisms of programming that has held for as long as computers have existed, and ever since Charles Babbage and Ada Byron Lovelace designed the first “difference engine” in 1822, there has been a need for professionals to program… read more…
- Which Type of IRA is Right For You?
Saving for retirement should always be a top financial priority but it can be difficult to get started if you’re not sure what your options are. If you’re not able to participate in an employer-sponsored plan, like a 401(k) or 403(b), an individual retirement account or IRA may be the answer to your retirement quandaries. Here’s a… read more…
- The Pros and Cons of Raising the Minimum Wage
For some time now, there’s been a national debate that’s centered around whether or not to raise the federal minimum wage. The current federal minimum wage is $7.25 an hour, while some states are raising that to $15. On the other hand, former President Barack Obama advocated for gradually raising the minimum wage to about… read more…
- 5 Worst Moves You Can Make With Your 401(k)
Stashing money in a 401(k) is one of the best ways to fatten up your retirement nest egg. These employer-sponsored plans offer a tax-advantaged way to save and you may be able to grow your money faster through company matching contributions. Making the most of your savings plan means understanding how it works and what… read more…