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Planning for Your Financial Future in Retirement

Planning for Your Financial Future in Retirement

Tweet When it comes to planning for the future, most people think of retirement. Retirement planning is important because it allows you to do the things that you were unable to do while working‒travel, start a business, go back to school, be closer to family, or simply relax. Because retirement is such an important phase […]

Don’t Treat Your 401(k) Like a Savings Account

Don’t Treat Your 401(k) Like a Savings Account

Tweet As a Chartered Retirement Planning Counselor and someone who deals specifically with retirement issues I spend a lot of time helping participants with their retirement plans. One of the most common reasons participants would meet with me is because they say need money and they are looking to take it out of their retirement […]

Are You Saving Too Much for Retirement?

Are You Saving Too Much for Retirement?

Tweet As a CRPC and having spent time in the retirement planning industry I have seen a lot of trends emerge. Most notable is the huge disparity between what people have actually saved for retirement versus what they need to have saved. Do you know what the 2013 maximum 401k contribution is?  This is nothing […]

2011 401k, 403b, and 457 Plan Contribution Limits

2011 401k, 403b, and 457 Plan Contribution Limits

Tweet Retirement Plan Contribution Limits Remain Unchanged in 2011 Employees saving for retirement are not getting any favors from the government this year. The contribution limits for the major employer-sponsored retirement plans: 401(k)s, 403(b)s (what is a 403b), and 457(b)s will not get an increase. That means like in 2010, the 2011 limit remains $16,500 […]

How Much Money Do I Need to Save For Retirement?

How Much Money Do I Need to Save For Retirement?

Tweet Calculating How Much Money You Need for Retirement Every so often I receive questions from readers. I try to answer them all directly, but occasionally a question comes up that is very broad and is one that more people are thinking about but not asking. Everybody wants to know how much they should be […]

Are Automatic IRAs the Answer for Low Income Workers Saving for Retirement?

Are Automatic IRAs the Answer for Low Income Workers Saving for Retirement?

Tweet There has been increasing discussion lately about new ways to help lower income employees who may not have access to more traditional retirement savings to begin saving for retirement. We already have a number of retirement vehicles available for most people, but there are still millions of people who simply don’t save anything for […]

The American Workers, State, and Business Relief Bill of 2010 to Expand Roth 401(k) Conversions

The American Workers, State, and Business Relief Bill of 2010 to Expand Roth 401(k) Conversions

Tweet Have you heard of The American Workers, State and Business Relief Bill of 2010 that’s been floating through Congress this year? Don’t worry, you’re not alone. It hasn’t received much press, but there was one little tidbit that caught my attention since it has to do with Roth 401(k)s and conversions. The idea is […]

The 401k Loan: How to Borrow Money From Your Retirement Plan and What You Need to Know

The 401k Loan: How to Borrow Money From Your Retirement Plan and What You Need to Know

Tweet The 401k Loan May Have Benefits, but it Isn’t Without Pitfalls Roughly 75% of 401k plans have a loan provision. This is good news for participants who find themselves in a bind and need quick access to some cash, but it also potentially puts a lot of retirement nest eggs at risk. In fact, […]

Social Security – What You Need to Know About Benefits, Coverage, and Eligibility

Social Security – What You Need to Know About Benefits, Coverage, and Eligibility

Tweet Social Security Benefits and You Social Security is a sore topic for many people. The system is flawed, it’s in significant financial trouble, and the younger generations aren’t expecting to see a penny from it when they retire. While it’s true that Social Security has its problems, it still pays out benefits to tens […]