All Entries Tagged With: "Retirement"
How Not to Spend Your Tax Refund
Tweet If you’re like most Americans, you will be receiving a tax refund this year. If your refund is anywhere near the average it means you’ll be getting a few thousand dollars. No, really. The average tax return for the 2010 tax year is a little higher than usual and is $3,129 so far this [...]
Last Minute IRA Tax Deduction
Tweet With just under two weeks before the tax filing deadline you probably think your 2010 tax picture is set in stone. For some of you that may be the case, but for many more there may still be some money on the table ready for the taking. It’s all about the IRA contributions. One [...]
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. This is nothing new, and if you turn to any financial news outlet [...]
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, and 457(b)s will not get an increase. That means like in 2010, the 2011 limit remains $16,500 for those under age [...]
Five Year-End Financial Moves for a Better New Year
Tweet It should come as no surprise that the new year is a time of reflection and setting new goals for ourselves. Sometimes it’s a vow to be healthier, or maybe you will finally pay off that nagging credit card balance, but whatever it is we always seem to use January 1st as some sort [...]
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?
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
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
Tweet The 401k Loan May Have Benefits, but it Isn’t Without Pitfalls Roughly 75% of 401(k) 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
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 [...]
Robert Kiyosaki is Off his Rocker (Again) – Is The 401(k) Really the Biggest Scam Ever?
Tweet Is the 401(k) a Scam? If there’s one thing I love about checking the Yahoo! Finance columns it’s that I know every time Robert Kiyosaki posts something I’m going to either laugh out loud or shake my head in disbelief. This past week has proved no different, and the self-proclaimed financial guru who shouldn’t [...]
5 Reasons Why You Will Retire Broke and Unhappy
Tweet Retirement is one of the major end goals for many of us. After putting in a few decades of hard work we hope to be able to break free from the daily grind and do what really makes us happy. That could be starting a new career, traveling the world, or simply enjoying a [...]
How to Roll Over Your 401(k) When You Leave or Lose Your Job – The 401k Rollover
Tweet The 401(k) Rollover Explained Are you planning to, or have you recently left or lost your job where you had a 401(k)? The good news is that since these accounts are tied to your employer, once you cut your ties with that employer, you’re generally entitled to do what you wish with those funds. [...]
Receive free email updates and get my free Invest Like a Pro eBook.