Retirement

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 […]

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 […]

This Week in Personal Finance – Camping in October Edition

Miscellaneous

Over the weekend my wife and I took the kids camping with some friends. Including kids, we had somewhere around 34 people together in six campsites. Camping in October here in the Chicagoland area is a risky proposition, but, as it turns out, we picked a pretty good weekend to go! The weather was absolutely perfect – 80 […]

This Week in Personal Finance – Sometimes It’s Just Not Your Day

Personal Finance

Have you ever had one of those days where nothing seemed to go your way? We probably all have.  When I saw this video, I felt so bad for this guy – but sometimes it’s just not your day! By the way, don’t forget to become a regular reader of Redeeming Riches by signing up for […]

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 […]

This Week in Personal Finance – April 9, 2010

Personal Finance

It’s been a crazy couple of weeks around the R2 household and office!  There seems to be just a lot of stuff going on. I’m really looking forward to some rest this weekend! But, it’s another week in the books and it’s time for a quick tour. This Week in Personal Finance takes a look at interesting […]

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 […]

This Week in Personal Finance – April 2, 2010

Personal Finance

Friday’s  here!  But Sunday’s coming!!  Welcome to the the Good Friday edition of TWIPF. It’s a great day to reflect on what Jesus did 2,000 some years ago as His life of 33 years was about to be ended.  But He would soon conquer sin and death with his resurrection just three days later. If […]

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 […]

This Week in Personal Finance – March 19, 2010

Personal Finance

It’s been a busy week, but a great week – we’re finally getting over our sicknesses at the R2 household! It’s also a great week because the NCAA tournament begins!  I love March Madness – the games are always full of good sports drama and usually very exciting! But, it’s another week in the books and it’s time for […]

This Week in Personal Finance – March 12, 2010

Personal Finance

What a week!  We finished up our 10-day journey where we looked at 10 money-saving tips to help us stash $10,000! Through each of those tips we freed up between $275 per month on the low side all the way up to $950 per month on the high side if you were able to maximize […]