- 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…
- 6 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…
- Retirement Goals by the Numbers
The 60’s rock band The Byrds had a huge hit that opens with “To every thing there is a season, and a time to every purpose under the heaven” which is lifted straight out of the book of Ecclesiastes and as far as I know they have never been sued for plagiarism. Lyric litigation aside,… read more…
- How to Make the Most of the Retirement Saver’s Credit
Saving money in a 401(k) or an individual retirement account (IRA) is a smart way to build retirement savings. Not only will your money grow over time, but you won’t have to pay taxes on that money as it grows. You will only pay taxes when you withdraw the money in your retirement. In addition to… read more…
- Borrowing from Your 401(k): The 401(k) Loan
Saving regularly in a 401(k) account and leaving it untouched is a great way to build your nest egg. That said, unforeseen situations happen to all of us at some point in our lives. If you’re desperate for cash and… read more…
- 5 Popular Countries to Consider for Retirement
When it comes to retirement there are a number of things that need to be considered. One of the most important is where you are planning to live during your golden years. For many North Americans, retiring abroad is becoming… read more…
- By the Numbers: 2026 Retirement Plan Contribution Limits
If you’re working on your retirement savings strategy for 2023 you need to know exactly how much you can sock away. The Internal Revenue Service routinely adjusts the annual contribution limits for different types of retirement plans, including 401(k)s and… read more…
- Should You Be Mortgage Free When You Retire?
When you sign the dotted line on that 30-year mortgage, you’re probably thinking how great it will be to have that house paid off right around the time you retire. But most people don’t live in the same house for 30 years like they used to. Plus some choose to take on second mortgages through… read more…
- 5 Ways You Could Be Sabotaging Your Retirement
Wanting a financially sound retirement and actually achieving it are two different things. Without a solid plan for reaching your retirement goals, your golden years could end up being somewhat tarnished. Securing your financial future is all about making the… read more…
- 401(k) Rollover: Go Direct
Have you found a new job? Are you starting a new career? What are you going to do with the 401(k) retirement plan that you left in the care of your previous employer? Here’s what you should do: rollover your old 401(k) retirement plan into your new employer’s plan right away. Don’t pass go. Don’t… read more…