Most consumers have heard the standard retirement advice so many times that they probably think they know all that there is to know about retirement planning. They know that it’s essential to start contributing to their IRAs and 401(k) accounts as early as possible in their careers, and that they should look to maximize their contributions each and every year, and take advantage of employer matching contributions. These often repeated guidelines are important because they provide a strong foundation for a retirement savings plan.
There are many additional steps you can take, and tips to consider, even if you are... Articles Tagged ‘retirement advice’
10 Uncommon Retirement Advice Tips
Most consumers have heard the standard retirement advice so many times that they probably think they know all that there is to know about retirement planning. They know that it’s essential to start contributing to their IRAs and 401(k) accounts as early as possible in their careers, and that they should look to maximize their contributions each and every year, and take advantage of employer matching contributions. These often repeated guidelines are important because they provide a strong foundation for a retirement savings plan.
There are many additional steps you can take, and tips to consider, even if you are...
Tuesday, February 5th, 2013
Most consumers have heard the standard retirement advice so many times that they probably think they know all that there is to know about retirement planning. They know that it’s essential to start contributing to their IRAs and 401(k) accounts as early as possible in their careers, and that they should look to maximize their contributions each and every year, and take advantage of employer matching contributions. These often repeated guidelines are important because they provide a strong foundation for a retirement savings plan.
There are many additional steps you can take, and tips to consider, even if you are... Should You Get A Second Opinion On Your Retirement Plan?
When you’re planning for retirement, you’ll find that there’s no shortage of advice on how to structure that plan. If you do a quick online search you’ll find plenty of retirement calculators showing you how much you likely need to save in order to achieve a certain level of income during your retirement years. You’ll also find a lot of generic guidance on how to allocate your investment funds among stocks, bonds and other investment types.
But like other important financial decisions you make over the course of your life, sometimes you may want to get a second opinion on...
Monday, January 28th, 2013
When you’re planning for retirement, you’ll find that there’s no shortage of advice on how to structure that plan. If you do a quick online search you’ll find plenty of retirement calculators showing you how much you likely need to save in order to achieve a certain level of income during your retirement years. You’ll also find a lot of generic guidance on how to allocate your investment funds among stocks, bonds and other investment types.
But like other important financial decisions you make over the course of your life, sometimes you may want to get a second opinion on... What is Vesting?
As a general concept, vesting is the process by which an individual gains full ownership and control over a particular financial asset. For example, individuals who are given stock options by their employers must usually wait a certain period of time before they can exercise those options and actually become owners of the stock. Vesting is also an important concept in the context of retirement savings.
What to Know About Vesting. Employer matching funds for 401(k) accounts, as well as company stock options and restricted stock grants, can potentially be very valuable to your portfolio. Do what you can to...
Thursday, January 17th, 2013
As a general concept, vesting is the process by which an individual gains full ownership and control over a particular financial asset. For example, individuals who are given stock options by their employers must usually wait a certain period of time before they can exercise those options and actually become owners of the stock. Vesting is also an important concept in the context of retirement savings.
What to Know About Vesting. Employer matching funds for 401(k) accounts, as well as company stock options and restricted stock grants, can potentially be very valuable to your portfolio. Do what you can to... 5 Reasons the Current Generation May Never Retire
Retirement has always been an evolving concept. Up until just a generation ago, the most common retirement expectation was that everyone would be able to stop working at age 60 or 65 and live off a pension they earned from working 30 or more years with a single employer. Those who didn’t have a pension would live off their Social Security income.
But to some people in the current generation, the idea of retirement may not be seem relevant anymore. For a number of reasons, the current generation may view retirement as something that makes sense, either from a personal...
Tuesday, January 8th, 2013
Retirement has always been an evolving concept. Up until just a generation ago, the most common retirement expectation was that everyone would be able to stop working at age 60 or 65 and live off a pension they earned from working 30 or more years with a single employer. Those who didn’t have a pension would live off their Social Security income.
But to some people in the current generation, the idea of retirement may not be seem relevant anymore. For a number of reasons, the current generation may view retirement as something that makes sense, either from a personal... A Basic Calculation on How Much Income a 401(k) Can Provide
Saving for retirement involves making a number of different assumptions, many of which will help you estimate how much you can expect to receive from your 401(k) account each month. There are many retirement income calculators to choose from online, so you won’t have to worry about performing the actual calculations yourself.
What you will need to do is come up with the information you’ll use in connection with whatever online calculator you select.
Here is some retirement advice on some of the most important factors, as well as how to make the best use of the results you receive...
Friday, January 4th, 2013
Saving for retirement involves making a number of different assumptions, many of which will help you estimate how much you can expect to receive from your 401(k) account each month. There are many retirement income calculators to choose from online, so you won’t have to worry about performing the actual calculations yourself.
What you will need to do is come up with the information you’ll use in connection with whatever online calculator you select.
Here is some retirement advice on some of the most important factors, as well as how to make the best use of the results you receive... Retirement Planning Advice to Get Your Retirement Back on Track in 2013
While the broad stock markets have performed reasonably well so far in 2012, you still might not be entirely comfortable with your current level of retirement savings, and your overall retirement plan. Perhaps you’re a bit reluctant to fully commit to a retirement savings plan because you’re still feeling the effects of the significant market declines of 2008 and 2009.
But staying away from investing often leads some individuals not to save any money at all. And the most valuable factor you have in being able to save enough for your retirement is giving your savings time to grow.
Here...
Tuesday, December 18th, 2012
While the broad stock markets have performed reasonably well so far in 2012, you still might not be entirely comfortable with your current level of retirement savings, and your overall retirement plan. Perhaps you’re a bit reluctant to fully commit to a retirement savings plan because you’re still feeling the effects of the significant market declines of 2008 and 2009.
But staying away from investing often leads some individuals not to save any money at all. And the most valuable factor you have in being able to save enough for your retirement is giving your savings time to grow.
Here... How to Get Serious About Retirement Planning
Thursday, December 6th, 2012
Unlike saving up for a down payment on a new home, or saving for your child’s college tuition, retirement planning is something you’ll do for virtually your entire life. Having a long term outlook is a matter of necessity; it would be virtually impossible to save enough in just a decade or two to fully fund your retirement.
But despite the important nature of retirement planning, not everyone takes it as seriously as they should. For whatever reason, too many individuals either start saving too late or don’t save enough each year. Even worse, some individuals simply haven’t started their...
Retirement Planning – 5 Things to Focus on in Your 40’s
Retirement Planning - 5 Things to Focus on in Your 40’s
When you’re in your forties, you’ve probably got a lot of things competing for your attention. Between your family (your spouse and children as well as your aging parents) and your career, you might feel like you have very little mental energy left for anything else.
But this is the time when it’s absolutely essential that you find the time and energy to concentrate on the key things that will shape your future. During the decade of your forties it’s vital to make sure you focus on the following...
Sunday, December 2nd, 2012
Retirement Planning - 5 Things to Focus on in Your 40’s
When you’re in your forties, you’ve probably got a lot of things competing for your attention. Between your family (your spouse and children as well as your aging parents) and your career, you might feel like you have very little mental energy left for anything else.
But this is the time when it’s absolutely essential that you find the time and energy to concentrate on the key things that will shape your future. During the decade of your forties it’s vital to make sure you focus on the following... 5 Retirement Planning Mistakes to Avoid in Your 30’s
Retirement planning isn’t something you only need to think about once or twice a decade, or even just once or twice a year. Retirement planning is an ongoing process, and one in which you need to play an active role. Planning and saving for your retirement begins as soon as you get your first job.
Throughout your working years, you’ll face a number of different opportunities to shape the future course of your retirement. Make good decisions and you’ll be in a good position to retire, but make bad decisions or mistakes and you’ll find yourself in serious difficulties.
Here...
Monday, November 26th, 2012
Retirement planning isn’t something you only need to think about once or twice a decade, or even just once or twice a year. Retirement planning is an ongoing process, and one in which you need to play an active role. Planning and saving for your retirement begins as soon as you get your first job.
Throughout your working years, you’ll face a number of different opportunities to shape the future course of your retirement. Make good decisions and you’ll be in a good position to retire, but make bad decisions or mistakes and you’ll find yourself in serious difficulties.
Here... Affording a Spouse’s Special Needs as They Age
Many of us have plans for how we want our retirement years to be. Most often we imagine ourselves traveling to visit cities and countries we’ve always wanted to see, spending quality time with children and grandchildren, and having plenty of hours devoted to our favorite leisure activities.
Unfortunately, this isn’t always how things turn out. Sometimes a spouse may develop a health or mental issue that requires costly medical attention or some other type of care. And as often happens with these special needs, the costs only increase as the affected individual ages.
Here is some retirement advice and tips...
Tuesday, November 13th, 2012
Many of us have plans for how we want our retirement years to be. Most often we imagine ourselves traveling to visit cities and countries we’ve always wanted to see, spending quality time with children and grandchildren, and having plenty of hours devoted to our favorite leisure activities.
Unfortunately, this isn’t always how things turn out. Sometimes a spouse may develop a health or mental issue that requires costly medical attention or some other type of care. And as often happens with these special needs, the costs only increase as the affected individual ages.
Here is some retirement advice and tips... 
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