It’s Easy to Fall Behind on Retirement Because It’s Hard to Choose a Plan

May 27, 2015

Study after study about retirement indicates that Americans are worried about their ability to live comfortably later in life. Savings statistics also indicate that we aren’t saving enough for retirement. One of the problems is that it’s easy to fall behind on retirement because it can be hard to choose the right retirement plan for […]

Why a Roth IRA is a Must Have Plan

March 23, 2015

You are probably aware of some of the virtues of a Roth IRA. But there are at least five reasons why a Roth IRA is a must-have plan. Tax Free Income in Retirement This is the most obvious benefit of a Roth IRA, and it’s repeated in virtually any discussion related to the plan. Even […]

Five Alternatives to Raiding Your Retirement Savings Early

January 26, 2015

Every year thousands of people raid their retirement savings early. It could be to get out of debt, to cover living expenses during a time of unemployment, to deal with a medical crisis, or even help a family member in trouble. While the reasons for doing so may be perfectly noble, it’s best to consider […]

How to Not Out-Live Your Retirement Savings

January 13, 2015

One of the biggest fears that many current retirees have is that they might out-live their retirement savings. That can be a particularly difficult problem, because once you’re retired there’s not much you can do about it. But if you’re planning for your retirement, there’s a lot you can do about a right now. Here are five […]

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? […]

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