Retirement Planning

Will You Have Enough Retirement Savings?

Personal Finance

Have you noticed the vast number of websites and magazines talk about the outrageous amounts of retirement savings you’ll need in order to retire in the lifestyle you want? They make saving for retirement  such a lofty goal that it’s less than motivating! Saving millions of dollars when some of us are barely getting by seems like a […]

4 Factors to Consider Before Doing a Roth IRA Conversion

IRAs

So we are about halfway through 2010!  Hard to believe isn’t it? Although some of the buzz has seemingly died down about the year of the Roth IRA Conversion, there is still some controversy regarding whether folks should convert their Traditional IRAs to a Roth. For those of you wondering what exactly is a Roth IRA,  Well, here are the […]

What Should You Do With Your 401k Plan When You Leave Your Job?

401ks

“Mr. Jones, we appreciate your work for us, but unfortunately there’s just not enough room in our budget for you. Here’s a packet of information regarding your retirement account.  Please look this over and have a decision made about your 401k plan by the 31st.” Ever hear these words? Maybe your company didn’t sound as nice, […]

Are You Properly Dealing With These 5 Risks to Your Retirement Savings?

Personal Finance

Risk is defined as the probability of loss or injury. It generally weighs the downside potential of a particular investment or opportunity. In regards to your retirement savings, there are several risks to consider. Let’s take a look at five risks that could jeopardize your retirement savings: Investment Risk Most folks have their retirement savings […]

What You Need to Know About Roth IRA Conversions

IRAs

By now you’ve all heard of the opportunity for Roth IRA conversions right? Ok, but maybe you are unsure what a Roth IRA conversion is all about. Let’s dispel any myths about this and take a look at exactly what’s going on for this year for Roth IRA conversions. This post will be more of a lesson in what’s […]

IRA Withdrawal Rules – When Can You Withdraw Your IRA?

IRAs
Thumbnail image for IRA Withdrawal Rules – When Can You Withdraw Your IRA?

For some reason I get this question a lot, so I thought I’d provide a little clarification on IRA withdrawal rules. Individual Retirement Arrangements or IRAs were designed to provide an opportunity for folks to save for retirement on a pre-tax, tax-deferred basis.  In other words, the money grows without having to pay any taxes on […]

5 Things Every Baby Boomer Must Know About Retirement Savings

401ks
Thumbnail image for 5 Things Every Baby Boomer Must Know About Retirement Savings

According to Wikipedia, Baby Boomers are those who are born between 1946-1964 – meaning they range in age from 46-64 years of age. Retirement is certainly on their minds and they are concerned about how much they need for retirement savings. As baby boomers approach the magical age, there are some pretty important things to […]

Why You’re Off Track for Your Retirement (And What to Do About It)

Retirement

Perhaps you’re sitting there scratching your head, wondering what happened to your plans! Whatever grand allusions you had for retirement – whether it was spending more time with family, more time volunteering or simply more time seeing the wonders of the world  – maybe you find yourself thinking “I may never be able to retire.” Here are […]

Is Retirement Biblical? (Part 2)

Retirement

In part 1 we looked at the retirement that is mentioned in the Bible and also the idea of rest that the Bible is flooded with. Now let’s look at retirement defined and re-defined. Definition of Retirement Merriam Webster defines retirement as: withdrawal from one’s position or occupation or from active working life. Unfortunately many people often think […]

3 Reasons Why You Shouldn’t Fall in Love With Your 401k!

401ks

There’s no question that 401k’s have become the norm for retirement savings.  More and more companies are putting the responsibility of saving for retirement on the employee and have gotten rid of traditional pension plans. 401k Popularity According to a 2007 Hewitt & Associates survey, 64 percent of plan sponsors said they use a 401k for their […]

5 Dumb Mistakes That Smart People Make

Investing

Wouldn’t you agree it doesn’t take an Ivy League education to be good with your finances? What’s amazing to me is that many smart people make some really dumb financial mistakes! It seems like a person blessed with “brains” would be good with personal money management, but sometimes this just isn’t the case. I’ve talked […]