As we think about retirement, one common goal is to make sure the money lasts as long as we do. With that in mind, here are five tips to help make sure your money lasts. Calculate your net worth. If you look at everything you own and subtract all the debts you owe, the remainder …
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10 IRA mistakes to avoid
Humans make mistakes. And the Required IRA Distribution rules can be tricky, especially if you’re new to retirement distributions. So if you are better than 70 ½ years old and you own an IRA, you may want to review this list. Remember, the penalty for failing to meet your Required Minimum Distribution (RMD) is a …
Should I roll over my 401(k)? Six questions to ask yourself
Should I roll over my 401(k)? Six questions to ask yourself If you are thinking about leaving your long-time employer and wondering about whether to move your retirement savings away from their retirement plan, there are a few things to consider. Saving into a company-sponsored retirement plan like a 401(k) or a 403(b) is a …
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Retirement is Dumb, Do I Still Need a Financial Plan?
When the Social Security program was initiated in 1935, the full benefits began at age 65. At that time, the average man could expect to live 12.7 years more (age 77.7) and the average woman could expect to live 14.7 (age 79.7) years more. Today, a man born in January of 1954 (age 65) can …
Retirement is Dumb, Do I Still Need a Financial Plan?Read More
How to avoid going broke in retirement
A big scary question for many folks is, will they have enough money in retirement? You might think that if everybody is worried about it, then somebody might come up with a solution. Well, they have . . . sort of. Maybe you have noticed the commercials for “lifetime income” popping up more often on …
Have a Target Date Fund retirement account? You still need to plan.
Have a Target Date Fund retirement account? You still need to plan. If you participate in a company-sponsored retirement saving plan, you very likely own a Target Date Fund (TDF). Based on the date you plan to retire, a TDF will own a mix of U.S. stocks, foreign stocks, U.S. bonds, foreign bonds and cash. …
Have a Target Date Fund retirement account? You still need to plan.Read More