Retirement Investing And Living The Good Life

Retirement Category - The Digerati Life

Have you wondered about how much money you’ll be needing for retirement? There’s certainly no “one size fits all” answer here. It will depend on how long you think you’ll live, how much debt you are carrying, how lavish you want your retirement years to be and your current earning power. Do you have access to a 401K or will you need to set up an IRA? Should you open a Roth IRA or a Traditional IRA? How much are you receiving from Social Security? Are you debating upon whether you should save for your child’s college education or fund your retirement instead? These are just a few of the questions that cross our minds when we think about our long term financial goals.

What you’ll find here are articles dedicated to helping you navigate through the complex and often confusing landscape of planning for your financial future. We touch on subjects such as investing for tax efficiency, retirement accounts, online IRA brokers, and some of the best places for retirement.

We all want to secure our financial futures. Thus, we hope to share our insights here about investing and saving for our senior years, and we intend to talk about the financial concerns that we face as we grow older. And of course, we’d love to hear your take on retirement planning and living!

Prepare for your golden years. Topics here are varied, which include articles on where to retire and how best to build up your retirement savings.

Planning To Roll Over Your 401K To An IRA? Oct 2012 9

Years ago when I first worked the “front lines” talking to employees of some of the largest 401(k) plans, it seemed that many of the calls I received had something to do with employees who left or were leaving their employer. Often, people simply wanted to know “how to get their money” and we would […]

Should You Cash Out of Your Retirement Savings Plan? Aug 2012 12

During these times of historically high unemployment rates, many people have had to resort to dipping into their retirement savings simply to survive. It’s something I understand since I’ve been in this situation before. When I first became an entrepreneur, after several years in corporate America with nice retirement benefits, I would often be strapped […]

Financial Retirement Planning For A Life Expectancy of 100 Jun 2012 12

So how long do you think you will live? I am thinking I will make it to age 81. Well, if I’m lucky. My grandmothers lived to be 88 and 93 so that’s pretty good. The men in my family have all passed in their 60s or 70s. Uplifting thoughts, huh? Morbidity aside it really […]

Effects Of A Roth IRA Conversion On College Funding Mar 2012

Our financial affairs are often put together in a reactionary, piecemeal fashion over a period of time, perhaps based on what we hear recommended by an advisor or guru, by what we read as the tip du jour by a popular money magazine or by what all our friends or colleagues are doing. This continues […]

Dealing With Long Term Care & Expenses In Your Later Years Feb 2012 4

None of us really want to think about the idea of getting older. But it’s something we can’t escape, and ironically enough, the best time to start thinking about planning for that time is when we are younger and healthier. Have you ever thought about what to do when you’re older or how to deal […]

Should You Invest Pre-Tax or After Tax Dollars? 401K vs Roth IRA Feb 2012 3

In recent years, Roth IRAs have become very popular with investors. The Roth IRA is named after Senator William Roth of Delaware, who sponsored the 1997 legislation that created them. The basic idea behind the Roth IRA is pretty simple — you invest after-tax money into your Roth IRA, and are not taxed on the […]

Tax Efficient Investing For Retirement Feb 2012 12

Are you saving for retirement? Consider the tax ramifications. It’s painfully obvious that we have officially entered into a period in which many people work far past the age of retirement — whether it’s because they actually want to or because they have to. With people living to be much older nowadays, “retirement” tends to […]

12 Month Calendar and Task List For A Secure Retirement Jan 2012 6

Your retirement plan is only as strong as the weakest link. The final link in that chain is the 12 months leading up to your actual retirement date. It is a critically important time period requiring specific action steps to realize the full value of your long-term savings plan. Don’t make certain mistakes during those […]

5 Ways To Restructure Your Life To Afford Retirement Nov 2011 5

Retirement is expensive — really expensive. According to the “Rule of 25”, you will need roughly $300,000 in retirement savings for every $1,000 per month you spend during retirement ($1,000 * 12 months * 25 = $300,000). You can also check out these methods to help you figure out how much you need to retire […]