Retirement Tips & Things to Think About
« Previous EntriesRetirement 101: Getting back to basics
Saturday, February 6th, 2010We are becoming more focused on a reasonable and perhaps even frugal lifestyle that will give us a better chance of being able to afford to live another day with the freedom to make our own choices. People are living longer and are doing so under greater economic duress than ever in recent memory.
Personal Income on the Rise
Monday, January 4th, 2010According to new government and private reports, personal income rose for the third straight month. After adjusting for inflation, income was up 1.7% over the three-month span. This is excellent news considering the 10% plunge in income in late 2009.
Refresh Your Retirement Plan
Sunday, January 3rd, 2010January offers the perfect opportunity to do so. Year-end financial statements are on their way, and they’ll provide a bird’s eye view of how investment strategies performed during the stock market’s decline and sharp rebound.
Can you afford to retire?
Monday, November 16th, 2009If you’re nearing retirement and unsure if you’re ready, or able, to retire in this economy, there is help. Numerous financial companies are developing retirement plans that can assist you with these ever-important decisions. Fidelity, Vanguard, Nationwide, and Schwab are the leading companies offering these retirement plans.
Rewriting Investment Rules
Thursday, October 29th, 2009The once-guaranteed investment rules have changed remarkably during the recent economic downturn. It was often common practice to assume that stocks would always rise over the long run, that bonds are for retirees and investors with little desire for risk, and that companies rarely cut their dividends.
The Right Way to Save
Sunday, October 11th, 2009Personal savings has been boosted to an all-time high this decade. Due to the financial crisis, more people are moving their money into savings. Government data shows that we have reduced our debt and cut our spending.
So where do you go from here? How do you start rebuilding? Financial advisers suggest putting 10% to 20% of your income into savings and retirement.
Retirement for the Baby Boomers
Thursday, October 1st, 2009This arrangement, although not as good as arrangements in the past, still promised many a comparable retirement lifestyle. But with the recent economic downturn, many people are forced to delay retirement, lower their standard of living, or in many situations, both. Recent dips in the stock market have translated to significant drops in 401(k) investments for most people.
Fixing Your 401(k)
Monday, September 21st, 2009For those of you who are looking to retire soon, the recent plunge in the economy may have changed your plans. However, the outlook for your savings probably isn’t as bad as you think.
A recent study by Financial Engines, a company that provides advice to retirement-plan participants, found that investors with as few as five years until retirement can recover their 2008 losses by making modest increases in savings and working two or three more years.
Roth IRA 101
Monday, September 14th, 2009Beginning January 1, 2010, all U.S. citizens will be eligible to roll traditional individual Retirement Accounts into Roth individual Retirement Accounts. Converting to Roth IRAs is currently only available to taxpayers with modified gross-adjusted incomes under $100,000.
Never too late — or early — for retirement planning
Monday, August 31st, 2009ShareThis is a great article on retirement planning at any age from Newsday.com.
Never too late — or early — for retirement planning
By: Gary Dymiski
Confused about pumping money into a retirement plan? How much? Equities or bonds? Regardless of age, successful retirement investing can be accomplished by considering a few critical factors, especially time, say [...]