Retirement
Why Boomers Are Not Saving Enough For Retirement
The statistics show half of all Americans are not saving for retirement. According to Life Insurance and Market Research Association(LIMRA), a financial services trade organization, one-third of Americans over age 50 have worked with a financial advisor. The survey asked consumers what investment vehicles they were using to save for their retirement (when they were) […]
When Should You Save Retirement Money In A Taxable Account?
Everyone knows that when you are saving for retirement that you must use tax efficient accounts like IRAs and company 401Ks. Using tax deferred growth is one of the best ways to grow your retirement nest egg. Though tax savings accounts are the best way to invest for retirement, sometimes a taxable account is the […]
Can I Withdraw Funds from a 401k Before Retirement?
If you are investing in a 401k you are doing a very smart thing. If your not why not? Many people do not invest in a 401k because they feel someday they made need the money. A 401k is a great way to save because the growth of your money is tax free until to […]
Will You Be Working Into Your 70’s?
Billionaire Carlos Slim said that boosting the retirement age to 70 would help to prop up the world’s struggling economies, according to Mexican press reports cited by Forbes. He says the current retirement age was selected because at that time people worked more physical jobs. Slim suggested the cure for our economic ills would be raising […]
Are Baby Boomers Being Greedy?
Some of our fellow Baby Boomers are saying we are receiving too much in our retirement checks. We didn’t put the money into the system and do not deserve to be taking it out. Our supposed greed is destroying the system and we should be the ones to take cuts in our retirement check […]
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