Jump Start Your Retirement Savings Over The Next Five Years ››

Jump Start Your Retirement Over The Next Five YearsSaving for retirement is the longest financial endeavor you’ll ever undertake in your life. Whereas you may spend around 20 years raising your children, and 30 years paying off the mortgage on your home, if you start saving for retirement when you

5 Retirement Emergencies To Plan For ››

5 Retirement Emergencies To Plan ForDespite all our efforts at planning every aspect of retirement many years in advance, there are certain types of financial emergencies that can arise during retirement, and if we haven’t planned accordingly, then the consequences could be devastating. Remember that most of

What’s the Difference Between a Defined Benefit Plan and a Defined Contribution Plan? ››

What’s the Difference Between a Defined Benefit Plan and a Defined Contribution PlanJust a generation or two ago, the notion of retirement usually involved receiving a regular monthly check from your former employer after having put in 30 or more years of service. Today, individuals usually don’t have access to these types of plans,

Retirement Planning Advice for Boomers ››

Retirement Planning Advice for BoomersVery large numbers of “baby boomers” (people born in the post-World War II baby boom from 1946 to 1964) have started reaching retirement age. Some of these individuals have accumulated large nest eggs, while others may be significantly underfunded. Regardless of a person’s

Pros and Cons of a Roth IRA ››

Pros and Cons of a Roth IRAWhen saving for retirement there are many choices to make. One of those choices is to decide between a Roth IRA and a Traditional IRA. Both have their distinct advantages and disadvantages. A Roth IRA offers lots of significant benefits, including flexibility

The Three Biggest Retirement Planning Myths ››

The Three Biggest Retirement Planning MythsThere is plenty of good information about retirement out there to help you identify your priorities, set realistic goals for yourself, and come up with a plan for achieving those goals. It can take a bit of time to research in order

How to Improve Your Odds of Retiring Debt Free ››

How to Improve Your Odds of Retiring Debt FreeWhen most people think about retirement the image that comes to mind is one of financial security, flexibility and freedom. One part of this equation is having a large enough nest egg to pay for your lifestyle and expenses during retirement. The

Lose These Six Expenses in Retirement ››

Lose These Six Expenses in RetirementWe tend to think of personal budgets and managing our household expenses as something that’s we do in order to be able to save for retirement. But it is also extremely important to be mindful of our expenses and cut costs during

Why “Paying Yourself First” Should Include Your Retirement Accounts ››

Why Paying Yourself First Should Include Your Retirement AccountsThe concept of “paying yourself first” is one we’ve discussed here before, so it’s likely one you’re quite familiar with. If not, the idea of paying yourself first means that you treat your savings contributions as you would any other bill or