This is a question plaguing many baby boomers today. For those on the cusp of retiring, statistics show they plan on working longer. For those who have decided to retire, the decision may carry long-term consequences.
If you have a 401K →
Can You Afford to Retire Now? ››
This is a question plaguing many baby boomers today. For those on the cusp of retiring, statistics show they plan on working longer. For those who have decided to retire, the decision may carry long-term consequences.
If you have a 401K →
Loading ...Get Your Retirement Plan on Track ››
With the future of Social Security unclear, fewer and fewer workers having a company sponsored pension plan and health care costs continuing to increase, being financially prepared for retirement looms as a significant challenge for many. With the significant fluctuations of the →
Loading ...Don’t Retire Early ››
Shift gears instead. Many people who long for an early retirement are really just tired of their jobs. Rather than choosing a life of leisure (which can get boring), you may want to start a new career.
Besides, early retirement is a →
Loading ...Withdrawing Money From Your Retirement Accounts ››
There are many rules of thumb about how much money you should withdraw from your retirement accounts every year. One of the more popular ones is that you should withdraw 4 percent of your retirement funds each year. Another one is you →
0 vote(s) Loading ...Convert your Traditional IRA to a Roth IRA? ››
Given the significant market downturn it may not be a bad time to convert your traditional IRA to a Roth IRA. Right now, anyone with modified adjusted gross income of less than $100,000 a year (individual or joint income) can convert a →
0 vote(s) Loading ...Continue Contributing to your 401K? ››
Simply put the answer is yes – absolutely. Here are the reasons why. Let’s assume you took a substantial hit to your 401K plan when the stock market plummeted approximately 40%.
The amount of stocks, bonds, mutual funds, and other holdings that your →
0 vote(s) Loading ...Withdraw Funds from a 401K? ››
With the current economic crisis on everyone’s mind, you may be wondering if you should withdraw money from your 401K. My recommendation is that you do not. Rather your contributions should continue based on the “buy low-sell high” theory.
What →
0 vote(s) Loading ...Retirement Considerations in the Current Economic Environment ››
Just when you thought you could finally retire, stocks take a nose dive and you may have lost much of your retirement savings. What do you do?
Individuals, especially baby boomers, who had chosen to defer retirement for a few →
0 vote(s) Loading ...Should you Retire Now? ››
This question is plaguing many baby boomers today. For those on the cusp of retiring, statistics show they plan on working longer. For those who have decided to retire, the decision may carry long-term consequences.
If you have a 401K plan, →
0 vote(s) Loading ...5 Retirement Mistakes to Avoid ››
It really doesn’t take much to derail a retirement plan. Many of the errors in planning for retirement are those of neglect, omission or panic. If you don’t know exactly where your retirement plan stands, get some advice to review your overall →
0 vote(s) Loading ...
Loading ...