Retirement

IRA vs 401k What’s the Difference?

401ks

An IRA and a 401(k) are both retirement programs. The main difference in an IRA vs 401k is that an IRA is an Individual Retirement Account, meaning an individual is solely responsible for opening it, paying into it and controlling the investments in it. A 401(k) is a retirement program set up by an employer. [...]

Preparing for a Dual Retirement

Retirement

Good Morning Redeeming Riches Readers. My name is Kristina and I am the daily blogger at DINKS Finance.  Today Redeeming Riches and DINKS Finance have decided to exchange blog posts; I hope you enjoy reading as I share my financial expertise with all of you. DINKS Finance is a personal finance blog for couples by [...]

How to Use Your Roth IRA for a Vacation

IRAs

The other day I overheard a few friends talking about their honeymoon in Hawaii.  My wife and I would love to go on a trip to Hawaii, but it’s just a little too expensive for us right now.  That is, unless you cash in your Roth IRA to go on vacation. That’s exactly what this [...]

Is Social Security Income?

Retirement
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Here’s a question about Social Security that I came across not too long ago: I’m in my 60′s and am receiving Social Security every month.  How much, if any, can I still contribute to my Roth IRA? In other words, the question is  – Is Social Security income?  Or more specifically, is it earned income.  [...]

Why A Lack Of Communication Is Detrimental To Marriage And Retirement Planning

Retirement Planning
Marriage And Retirement

When we think about saving up for our golden years, we often consider 401k contribution limits, Roth IRA tax benefits, and withdrawal rates. However, one major component of planning for one’s future is usually missing; most people fail to consider both marriage and retirement when thinking ahead. Marriage And Retirement Planning: The Need For Communication [...]

How To Take Advantage of Roth IRA Tax Benefits

IRAs
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We all know that saving money is really the key to building long-term wealth.  Just this week, I was reading an article by Mark Cuban, discussing how to create real wealth.  Right now Mark Cuban is a really happy guy.  He is the outspoken, charismatic owner of the Dallas Mavericks, and if you weren’t aware, [...]

Planning to Retire? Avoid Living in These States!

Retirement
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If you’re getting ready to retire and thinking about where to live, you may want to think twice about which state you choose. Last month, TopRetirements.com ran an article posted by John Brady detailing the worst states to live in for retirees.  Their weighting system included taking a look at fiscal health, taxation, and climate. So [...]

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