Retirement

Four Unexpected Challenges of Early Retirement

Retirement Planning

Thousands of people are hoping and preparing to be able to retire early in life. How early is early? I suppose it could be any time prior to age 65, but the range runs the gamut. 50 is a very popular target age, and there are plans and strategies to get you out of the [...]

Why You Shouldn’t Hold Company Stock in Your 401(k)

Retirement Planning

Holding your company’s stock in your 401(k) plan seems to be a natural fit on the surface. Many people do hold company stock in their retirement plans, if only because the employer match may be provided by the stock. If you’re contributing say 6% of your annual income to your 401(k) plan, and your employer [...]

Retirement Planning Mistakes to Avoid

Retirement Planning

When it comes to retirement planning, everyone focuses mostly on building up the largest retirement savings nest egg they can. But there’s more to preparing for retirement than just building up a large retirement portfolio. Just as important is avoiding common mistakes that can sabotage the best intended retirement savings plan. Here are just a [...]

Should You Use Retirement Savings to Pay Off Debt?

Debt

Are there times when you should consider using some of your retirement savings to pay off your debt? Liquidating retirement assets should never be taken lightly, but I do think there are times when doing so is the right course. Here are a few. Survival vs. Retirement If your survival is at stake, this is [...]

Will Saving 10% of Your Income Be Enough to Retire?

Retirement

As human beings we like numbers, especially round ones. If I want to plan for retirement, don’t give me a lot of charts and graphs, just give me a percentage that I need to save. A common percentage is 10%. It’s simple. It seems doable. And if you’re a Christian, it matches the tithe, so [...]

Confused by Your Retirement Plan? You’re Not Alone

Retirement
Thumbnail image for Confused by Your Retirement Plan? You’re Not Alone

Retirement plans are confusing the world over! Recent research shows that the British public are confused by them too, confirming the idea that wherever you live, pensions are difficult. However, this is no reason for apathy! Find out all you can and start your retirement plan as soon as possible to ensure a comfortable future. [...]

2013 Roth IRA Contribution Limits Explained

Retirement Planning

If you plan on making contributions to your Roth IRA or opening a Roth IRA account, you will need to know about updated 2013 Roth IRA contribution limits and income limits. Failing to know about these limits can lead to unexpected taxes and possibly penalties when you attempt to withdraw money from the account. Many [...]

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. [...]

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