401(k) plans can provide employees with before-tax contributions and free money from your employer. Were you aware of the match contributions (e.g. free money) and tax benefits offered from 401(k) company sponsored programs? Outlined below are the pros and cons of a 401(k) plan and whether if it is a good plan for … [Read more...]
Can I save $100 per month towards Retirement?
How can some people have more than $1 million saved for retirement, while others have nothing at all put away for their Golden Years? Two words, retirement planning. Retirement Planning to Succeed Retirement – the thought can be both exciting and daunting. It’s exciting because you finally get the chance to get out … [Read more...]
6 Steps to Retiring With Lots of Cash
Want to retire with a lot of cash? All of us want that, but not all of us achieve that. In order to set yourself up to retire with a lot of cash, you need a proactive retirement plan and strategy to help guide you. In this article, six steps to retire with a lot of cash will be examined: needs and wants; government … [Read more...]
When You Should Have Started Saving for Retirement
How could one person invest $1,000 and have $5,400 for retirement, while another might have invested the same amount but only have $2,500 with no additional retirement funds saved up? Every working adult should know at some point in their career that planning for their retirement is vital, especially if he or she have … [Read more...]
Roth IRA vs Traditional IRA: Which is Right for You?
Do you know why some people have to pay taxes when they contribute to their IRA while others have to pay taxes when they make a withdrawal? It all comes down to the type of IRA (individual retirement account) in question – a Roth IRA or a traditional IRA. The reason being is that each type of IRA comes with its own set … [Read more...]
SEP IRA – A Retirement Plan for the Self-Employed
How are self-employed individuals supposed to save for their future retirement when they don’t have access to a 401(k), 403(b), 401(a), 457, or some other employer-sponsored supplemental retirement plan? Good question. The answer is to sign up for an SEP IRA – a Simplified Employee Pension Plan. What Is a SEP … [Read more...]
Why You Should Consider Relocating For Retirement
While some retirees live in comfort and peace, others struggle with high bills, a high cost of living and a home that does not fit their needs. This is why retirement planning should include a list of places of where you would like to live since many don’t realize how living expenses can quickly drain your retirement … [Read more...]
IRA Accounts – Open your IRA Today – Benefits, Reviews, Rates
Smart financial makes all the difference when it comes to having a funded retirement plan when you finally reach retirement age. One way to get your early retirement planning on track is to open up a Traditional IRA or Roth IRA. Some of the contributing factors in deciding which IRA may be right for you may include … [Read more...]
Retirement Plan Calculator – Save for Retirement
Retirement planning can appear complicated. There are many rules to follow for contribution limits for Individual Retirement Accounts (IRA’s), Roth IRA’s, and 401(k) plans. Understanding your retirement options and careful planning is necessary to reach your retirement goals. Could you retire on $47,357? That is the … [Read more...]
I don’t want to pay taxes on all that money!!!
Are you trying to figure out ways to not pay taxes on all that money you plan on putting into retirement, watch this video to understand how a Roth IRA can do this. Ever been curious why it's called a Roth IRA,... we're pretty sure you don't care, but we are certain you want to know about its power to get you the … [Read more...]
