When you’re planning for retirement and looking at which types of IRA to get, it’s important to know the difference between various types with regard to how they’re funded and how they will be taxed when you’re ready to withdraw money. Let’s compare a Roth IRA to a traditional IRA on four important areas.
Deciding when to retire can be a very scary proposition, one that can keep you up nights. We often hear from many clients who are truly wrestling with that life-changing decision. “I’m worried about working for too long, and then dying before I can have the chance to enjoy my retirement,” they say, nervous about when to pull the plug on their work life.
How much can you expect to receive in your social security benefits checks in the future? Here’s a basic look at how the SSA configures what your social security payments will be when you elect to start receiving benefits.
Few things can cause as many problems for your retirement outlook as inflation. You know that when the average inflation rate increases, things get more expensive. But did you know that the types of goods and services used by the elderly are affected more by inflation than the goods and services used by younger people? […]
We’re in an era of The New Retirement, which is a mindset and a necessity, considering the unique factors that face present and future retirement outlooks. It wasn’t that long ago when people worked until age 60, then retired and collected a pension. But the dynamic has changed tremendously in the past 15 years.
You know the importance of strengthening your 401K for your retirement, but what you might not be aware of are the costly mistakes that many people make with their 401Ks. We certainly want to help you avoid short-changing your 401K – if not destroying your 401K altogether, so take a look at what we see as the most common 401K investment mistakes.
As you approach your retirement planning, and as you partner with your financial planner, you’ll discover a number of unexpected demands on your retirement funds. These unwelcome ‘surprises’ are simply realities of life in our modern times, but challenges nonetheless to your financial outlook in your retirement years.
President Obama took a shot across the bow of Wall Street recently by suggesting that big brokerage houses and insurance companies be held to the Fiduciary Standard when it comes to dealing with 401k and other types of retirement plans.