How much do you really need for retirement?

coinTreeIt’s the age-old question: How much should I save for retirement?
For years, financial advisors recommended people save at least $1 million to enjoy a comfortable retirement. But given longer lifespans and concerns about the financial status of Social Security, is that target enough to fund a potentially decades-long retirement?

Maybe not. Read more

5 “BS” Retirement Investing Pitches You Should Ignore

coinTreeYou’re probably already wise to many schemes designed to separate you from your money—emails from Nigerian princes, phishing scams, etc. But does your BS detector go off when confronted with slick come-ones for perfectly legal-but-dubious investments? To see, check out these five pitches that are often targeted to people investing for retirement. Read more

Tax-Advantaged Retirement Plan Options

When it comes to your retirement, you shouldn’t settle. Your retirement is your responsibility, and if your company’s plan is insufficient or nonexistent, you’ve got to find a way to make up for it.

Fortunately, you can solve the problem by turning to the other tax-advantaged investment options: individual retirement accounts (IRAs), SEP-IRAs or Keoghs (for the self-employed) or, in some situations, variable annuities. Here’s a breakdown of how each option works:
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401(k) Options Before Retirement

As you are undoubtedly aware, tapping into your 401(k) fund before you retire can have a serious and potentially devastating impact on your financial future. If you feel that circumstances warrant an early withdrawal, you should make sure that you are aware of the options available to you and the risks that they carry.

 

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What Your 401(k) Provider Doesn’t Want You to Know

Investing in your 401(k) is absolutely crucial to your future financial security, and as such, it is important to know how hidden fees and other 401(k) provider practices can impact your investment. With investing, as in life, it is often the unexpected things that have the biggest impact. Keep reading to find out how certain aspects of typical 401(k) plans may impact you.


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The Solo 401(k)

If you own your own business, you are undoubtedly aware that small-business retirement plans, like SEP and Keogh can sometimes leave much to be desired. The good news is that the Solo 401(k) is making a financial comeback in a big way, and provides enterprising entrepreneurs like you with a wider variety of retirement saving options.


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