Retirement Savings

In 2015, Put Up To $18k into Your 401(k)

401ks

In 2015, Put Up To $18k into Your 401(k) How is your 401(K) doing? Do you have any retirement savings in place? If you don’t, then there has never been a better time to start saving. In an effort to ensure that Americans have enough money when it comes time for them to retire, the […]

What is Diversification

Investing
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What is diversification? Merriam Webster defines it as giving variety to something. Variety is good. It’s good in life, in business, and particularly with our savings. The idea of diversifying has been around a long time. With today’s market volatility, it’s increasingly important to answer the question – what is diversification – through the use […]

4 Benefits of Using a Retirement Calculator

Personal Finance

If you have not already started planning for your retirement you should start today. While everyone looks forward to their golden years a lot of people are afraid of retirement or have no idea what kind of retirement savings it will take to make for an enjoyable retirement. One of the great tools available to […]

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 […]

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 […]

IRA Withdrawal Rules – When Can You Withdraw Your IRA?

IRAs
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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
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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 […]

How to Grab an Extra $150,000 for Retirement

Personal Finance

Who doesn’t want a little extra cash for retirement?  Of course, we all do.  But since money doesn’t grow on trees we have to find a few ways to create our own money tree. Let’s take a simple look at how easy it could be to grab some extra cash for retirement, but first let’s start […]

7 Tips to Achieve Retirement Success

Retirement
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Success! Wikipedia defines it as: The achievement of an objective or a goal. When it comes to saving for retirement many of us naturally want to achieve our goals.  The fact is, for most of us retirement is a marathon race and not a sprint so it’s important to have some ideas in mind to keep you on […]

Do You Make These 4 Common 401k Mistakes?

Personal Finance

We all make mistakes – some of them are just more costly than others. When it comes to our retirement savings there’s a host of mistakes that could cost you. Because companies are shifting the responsibility of retirement on the employees, it’s vital to correct any of these mistakes as quickly as you can. 1. Bad […]