Retirement Investing And Living The Good 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.
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
The following is a guest post from Neal Frankle. Neal is a Certified Financial Planner in Los Angeles and also owns Wealth Pilgrim — a personal finance blog. Is it possible that you might be saving too much for retirement? Actually yes. While frugality is thankfully very cool these days, it could be that we’re [...]
What if you could incorporate your personal history and psychology with the hard numbers of goal setting to plan your finances and life? The financial planning industry has discovered a new angle on their business which takes a broader perspective. In some knowledge circles, creating a budget and managing an investment portfolio may no longer [...]
We do some math and perform calculations to show who’ll make more money: a college graduate or a high school grad who decides not to attend college. The answers may surprise you! “When I get my first college scholarship, my destiny will be etched in gold. With a college degree in hand, I will surely [...]