For most of those who are working, the goal is to someday be in a position to no longer have to work for their income. Most people would like to retire early if they possibly can. However, if they actually sit down and calculate out what it would take to retire early, they will see…
We all know that we need to be saving for retirement. Gone are the days when hard workers could count on company-sponsored pensions and Social Security to comfortably see them through the golden years. But putting money away for retirement seems like a low priority when you’re barely making ends meet. According to a CBS…
As you approach retirement you usually have a few options of what to do with your money. Rolling your 401k into your Traditional IRA is one of the most common approaches. After that, many people simply take systematic withdrawals in the amount they need for their monthly living expenses. This overlooks a product that has…
One of the easiest places to accumulate money for retirement is in a 401k. As easy as they are to use, many people still neglect them. Rather than worry about how you will live without that extra 3% in your paycheck, take some time to figure out how much more you will have during retirement…
The idea of retirement is one that we hear quite a bit. However, the concept is still strange to many people. They think it is always a long ways off. However, for many it is closer than they may think, in fact retirement for baby boomers is happening now as the oldest of that generation…
Owning your employer’s stock may allow employees to share in the success of a company. Conversely, the employee bears the risk that a company’s financial problems will also become the employee’s. Your retirement is at risk, not your employer’s, if your 401(k) plan contains too much company stock. This risk has actually been the cause…
If you ever hope to retire and live off your savings, you need to be sure that you will have enough money to do so, and that your funds are safe and earning enough as you age. Experts recommend being prepared to have sufficient resources to generate between 70-90 percent of your earning power to…