Tag: retirement

Why A Roth 401k Plan Makes Sense For You

| September 14, 2018 | 0 Comments
Why A Roth 401k Plan Makes Sense For You

Most everyone knows about a 401k plan. It is a typical benefit employers provide to help their employees save for retirement. While there are many benefits to investing in a 401k plan, there are some drawbacks. As such, a new version of the 401k plan has been growing in popularity. The Roth 401k plan. What […]

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Projecting Finances For The Aging

Projecting Finances For The Aging

In assisting my mother-in-law with her finances, one of the things I’ve done is to project how long her savings will last. I’m monitoring her income, spending and savings to ensure she is able to live comfortably now and still has enough to cover future potential living and care expenses. Since it may be of […]

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3 Ways You Can Achieve Financial Independence And The Retirement Of Your Dreams

| July 6, 2018 | 1 Comment
3 Ways You Can Achieve Financial Independence And The Retirement Of Your Dreams

My life’s ambition is to help as many people achieve financial independence as possible. That means being able to retire comfortably, as early as possible, in order to live life on your terms, not those of your boss. I recently came across an inspiring article that highlighted a married couple whose financial situation mirrors that […]

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3 Essential Facts You Need To Know About Social Security

| June 25, 2018 | 0 Comments
3 Essential Facts You Need To Know About Social Security

Social Security was formed in 1935 during the Great Depression. It was initially meant to serve a dual role. First, it was meant to alleviate poverty among the elderly. Second and more importantly, it was meant to allow older Americans to quit the workforce and make room for hiring the massive amount of unemployed younger […]

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6 Retirement Planning Tips For 50 Year Olds

| May 11, 2018 | 0 Comments
6 Retirement Planning Tips For 50 Year Olds

Retirement Planning Action Tips for Today You’ve hit the big 5-0 and the reality that you’re not going to work forever sinks in. If you’re like most Americans, your retirement account is on the lean side. A recent Economic Policy Institute article reports that for households between ages 50 and 55, the average savings balance is $124,831. Yet, […]

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The Reality Of 401k Loans

| April 11, 2018 | 0 Comments
The Reality Of 401k Loans

“Every time you borrow money, you’re robbing your future self.” -Nathan W. Morris Saving for retirement is certainly one of the best financial decisions you can make in order to help your future self. Not only will it allow you to maintain an income after you stop working, but it will also allow your money […]

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5 Important Financial Decisions You Must Make Before Your 40th Birthday

| March 14, 2018 | 0 Comments
5 Important Financial Decisions You Must Make Before Your 40th Birthday

People in their 20s can afford to be carefree, live life to its fullest, and make their own fair share of life’s inevitable mistakes and follies. In your 30s, you’ll most likely tone down your exuberance and focus more on your career or family. However, as you enter your 40s, the prospects of retirements start […]

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Top 4 Financial Milestones To Consider Reaching Before You Retire

| February 2, 2018 | 0 Comments
Top 4 Financial Milestones To Consider Reaching Before You Retire

Today I have the honor of featuring a guest post from a terrific writer. James Paul is a financial educator and blogs about money management, personal finance, college financing and retirement. His personal finance blog delves into financial wellness topics and the integration of money matters into life. Enjoy the post! Planning to retire anytime soon? Have […]

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Don’t Forget To Do Your 2018 Retirement Tax Planning

| January 3, 2018 | 0 Comments
Don’t Forget To Do Your 2018 Retirement Tax Planning

Being retired means being smart about our income. Retirement Tax Planning should be a big part of that. Managing our retirement income to pay the least amount of income tax means we can stretch our savings to go farther. I use a combination of taxable IRA income and non-taxable accounts to keep my tax rate as […]

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End Of Year Money Moves

| December 4, 2017 | 0 Comments
End Of Year Money Moves

Now’s the time to be anticipating money moves for next year.  To avoid losing valuable compounding time or growth, you want to be able to pull the trigger on January 1st.  Check into what your accounts and plans offer and ask questions in advance. With year-end bonuses and raises coming up, certain accounts require tweaking.  […]

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