How it’s Never Too Late to Start Saving for Retirement

October 27, 2014

People who haven’t saved money for retirement often avoid even starting out of fear that their efforts now will be too little and too late to make a difference. In truth, it’s never too late to start saving for retirement. Even if the money you save will be inadequate to provide a full retirement, it still […]

Are You Spending Enough Time Planning Your Retirement?

September 8, 2014

Not too long ago, I read an article on CNN Money reporting on a survey from Charles Schwab. The results indicate that most workers spend more time researching vacations and car purchases than they do retirement. It’s true that researching the investment options for a 401(k) or other employer-sponsored plan can be a daunting task. […]

How Early Retirement Could Mean Higher Medical Bills

July 28, 2014

Many of us like the idea of early retirement. We have visions of relaxing on a beach somewhere, enjoying our money. However, this might not be the case when you retire early. In fact, early retirement could actually result in higher medical bills. According to a recent study reported on CNN Money, retiring at age […]

An Argument Against Early Retirement

June 30, 2014

It sometimes seems as if everyone wants to retire early, or maybe it just seems that way on financial blogs. Most people seem to agree that it’s a good thing to do, but we’re going to be contrary today and consider reasons why you might not. In fact, there are arguments against early retirement, solid ones at that. 1. Early retirement […]

Vesting: The Achilles Heal of 401(k) Plans

February 7, 2014

Employer matching contributions are one of the biggest benefits of 401(k) plans. You put money in out of your own paycheck to fund the plan, and your employer offers at least a partial match. The catch is that the employer match usually comes with a vesting provision. That’s a period of time – up to five […]

What If You – Won’t – Have a Fat 401(k)?

February 5, 2014

In the financial world it’s generally assumed that you – and just about everyone else – will have a fat 401(k) plan by the time you retire. That plan will be the bedrock of your entire retirement strategy. But let’s play devil’s advocate here for a minute: What if you won’t have a fat 401(k) plan? […]

Should You Save for Retirement or Pay Off Debt?

January 10, 2014

Should you save for retirement, or pay off debt? Tough question. Living in the shadow of debt can be frustrating and difficult. As a result, many are anxious to get rid of debt as quickly as possible, choosing to tackle the debt before they start saving for retirement. This might help you feel better, but […]

How to Build Tax Diversification into Your Retirement Investments

December 23, 2013

You probably understand the importance of investment diversification – spreading your portfolio across various mutually exclusive asset classes. But when you are investing for your retirement, it’s also important that you build tax diversification into your portfolio as well. This balance is much more important than most retirement investors realize. You can build tax diversification into […]

Side Businesses: The Best Way to Prepare for Retirement?

December 13, 2013

We often think of starting or having a side business as either an opportunity to earn more money, or as a bridge into full-time self-employment. Both of those possibilities are certainly there, but a side business can also be the best way to prepare for retirement. Consider what you can accomplish by having a side […]

3 Non-Financial Factors That Make a Better Retirement

November 28, 2013

When we think of retirement, we often think of money. It’s important to save enough now, and invest it prudently, if you want to be able to live the life you want later. However, it’s important not to get so caught up in the financial aspects of retirement that you forget about other aspects of […]

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