With financial planning, it's best to start small; simple changes can have a big positive impact on your finances, your lifestyle, and your future. When you're young, as Gen X and Gen Y are, it may feel like you're overloaded with debt. Learning how to minimize what you owe toward your student loans - and how to … [Read more...]

Retirement is a stressful financial topic for many people, since most Americans are struggling to save enough to be able to retire comfortably. One way to reduce this stress and to have enough money in retirement is to take advantage of possible and potential tax cuts in retirement. One way to reduce your tax burden in … [Read more...]

The habits and tendencies of CEOs can be used as models for building a better retirement, as these tips show. First, one should delineate clear performance goals, and meet them. Second, one should be healthily cynical and ask necessary questions. Third, one should be willing and ready to adapt and change in order to … [Read more...]

If early retirement if the goal, a ROTH IRA is an attractive option. One reason to invest using a ROTH IRA is that there are no penalties for withdrawing funds early, a bonus if you plan on retiring early and want funds before you hit retirement age. Even better, starting at age 59.5, all distributions are tax-free. … [Read more...]

A lesser-known way to save money regarding 401(k) plans takes the form of after-tax contributions, and there are three good reasons why one should consider them. The first reason is that such a fund can be used as a source of funds for unforeseeable circumstances and emergencies. The second reason is if one's income is … [Read more...]

Oftentimes, the best time to begin saving money and building up funds for later is usually as soon as possible, and there are three particularly good reasons to save early on in life. The first reason is because compound interest, over time, can and often is a great way to multiply one's savings provided that one … [Read more...]

When it comes to drawing Social Security benefits, waiting makes a massive difference. If you wait to begin receiving benefits until the age of 70, it could mean hundreds of thousands more dollars than if you start drawing at 62. Nonetheless, few Americans avail themselves of this option. For couples, just having the … [Read more...]

Divorce is difficult not only emotionally but financially as well. There's the question of assets and money and how to divide those things up, but there's also the issue of life insurance and retirement money. The spouse in most states will receive the retirement benefits automatically. If you remarry and forget to … [Read more...]

The news has been consistently reporting the possibility of an economic slowdown, and this potential downfall should be causing a lot of investors to start diversifying their portfolios. You can start by organizing your investments into three different categories: those that are taxed now, later, and rarely or never. … [Read more...]

In a terribly unstable and hostile political and economical climate, it is more important than ever to start weighing your options with it comes to pension, social security and other potential sources of income for retirement. In her new blog post, Sarah O’Brien tackles GE’s proposition of a lump sum pension payout, a … [Read more...]