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Saving Too Much For Retirement? Is It Really Possible?

Saving Too Much For Retirement? Is It Really Possible?

Tweet Conventional wisdom tells us it’s impossible to be saving too much for retirement, but is this really true? We’ve been hearing about the need to save more for retirement, and for good reason. Ask many of the Baby Boomers who are getting ready to retire and you’ll find that many of them have come […]

403b Loan – How to Borrow Money From Your Retirement Plan

403b Loan – How to Borrow Money From Your Retirement Plan

Tweet During my years as a financial advisor and retirement planning consultant, one of the most common complaints I received from people was about being able to take money out of their employer-sponsored retirement plans such as a 401k or 403b. For more on what the 403b is check this out. They insisted that it’s […]

What is a 403b Plan?

What is a 403b Plan?

Tweet Most people have heard of a 401k plan, and it’s often a topic of discussion in the news and around water coolers in many offices, but what is a 403b plan? The IRS created the 403b as a tax-deferred retirement plan for members of public education organizations, some non-profit organizations, cooperative hospital service organizations, […]

The Power of Starting Small, How to Start Saving Money

The Power of Starting Small, How to Start Saving Money

Tweet After being in the personal finance business for close to ten years I’ve been asked a lot of questions. But there’s one thing that comes up more often than anything else. People always ask how to start saving money, how to start investing money, or how to start paying off debt if they don’t […]

The Roth IRA: What You Should Know

The Roth IRA: What You Should Know

Tweet You know that putting savings towards your future retirement is important, but deciding where to build your nest egg can be a bit daunting.  But the Roth IRA has too many tax benefits to ignore. Confusing lingo and acronyms make it hard to choose an appropriate investing method, and trying to wade through the […]

Are 401k Plans Too Risky For Retirement?

Are 401k Plans Too Risky For Retirement?

Tweet The 401k gets a bad reputation, especially when the markets and economy are on the rocks. We read countless stories about 60-somethings on the cusp of retirement who lost half their nest egg and need to continue working, they had followed every step for how to become a millionaire but never made it. We […]

The 2 Most Important Things to Look at On Your Investment Statement

The 2 Most Important Things to Look at On Your Investment Statement

Tweet How many times have you received your quarterly 401k or IRA statement in the mail or via email and simply trashed it? How often do you open it up and glance over it only to see a bunch of numbers, but have no idea what to make of it other than finding out if […]

My Employer Stopped Matching My 401k – Should I Still Contribute?

My Employer Stopped Matching My 401k – Should I Still Contribute?

Tweet This is one of the most frequently asked questions I’ve been receiving lately both at work and via email. Companies across the country are trying to find ways to cut costs during this recession and a prime target is the matching program on a 401k or 403b. This is bad news for employees, but […]

20 Books That Will Change Your Life and How You Think About Retirement

20 Books That Will Change Your Life and How You Think About Retirement

Tweet If you are a part of what is considered Generation X, you know that you probably have anywhere from 25-35 years until retirement — or at least that’s what the government and most pension plans suggest as a retirement age. Since we’re currently focused on other aspects of our lives such as building careers, […]

Considerations Before Doing a Roth IRA Conversion if You Are Using Account Assets to Pay the Taxes

Considerations Before Doing a Roth IRA Conversion if You Are Using Account Assets to Pay the Taxes

Tweet Everyone loves the Roth IRA. If you read any personal finance blog, website, or listen to any financial guru they will rave about how the Roth IRA is the best thing since sliced bread. What makes this investment vehicle even better is that back in 2010 anyone could convert their Traditional IRA (therefore pre-taxed) […]