Easy Steps to Revive Your 401(k) Retirement Account
Sunday, July 5th, 2009Easy Steps To Revive Your 401(k) Retirement Account It’s time for the good news first: in recent weeks, the stock market has soared considerably, which means that your 401(k) retirement account is looking forward to a bright future. The bad news? The damage that the recession has done – and could potentially continue to do [...]
Setting Concrete Retirement Goals
Sunday, July 5th, 2009Know your ultimate financial goal for retirement and save until you get there. That’s the basic advice that every investment advisor will tell you when you settle in to discuss your retirement savings – but how do you know what that final number should be? Sure, you can guess at how much you’ll need to [...]
How To Avoid 401(K) Retirement Sticker Shock
Sunday, June 21st, 2009If you haven’t already received your 401(k) retirement statement, get ready for a bombshell in your mailbox. Thanks to the fluctuating markets – along with the growing threat of inflation – balances for your retirement savings could be at an all-time low. For those on the verge of retirement, it’s time to learn ways to [...]
Can I Retire Early?
Friday, May 15th, 2009It may surprise you in this current economic climate that people are still thinking about retiring early, but there are an increasing number of people who fully expect to be able to retire and pursue their hobbies or volunteering for an extended period following their careers. What are the secrets to being able to lower [...]
Beware Inflation!
Sunday, May 3rd, 2009“Inflation is taxation without legislation” – Milton Friedman Most people underestimate how much inflation will affect their retirement plans. Just like compound interest, the effects of a relentless year on year accumulation are significant. For instance, if you retire at 65, and think you may live until 90, which is not unusual nowadays, you [...]
Retirement Savings Mistakes
Thursday, April 30th, 2009It’s an old saying that we can all learn from our past mistakes; but when it comes to your retirement savings, you can’t afford to make any! From not taking advantage of 401(k) employer contributions to investing too much into one company stock (Enron, anyone?), here are some of the worst retirement planning mistakes that [...]
Retiring to a Community
Wednesday, April 22nd, 2009For many seniors, the idea of retiring to a community is one which they do not relish. Most people’s retirement plans include staying at home, perhaps with some visiting nurse or assistant if health needs require, and not moving into a different environment. Sometimes this is based on a financial decision, as the cost [...]
How To Make Your Retirement Savings Last
Wednesday, April 22nd, 2009Thanks to major advances in the health sciences, life expectancy has never been greater than ever. With the average baby boomer expected to live to 77 and beyond, there’s never been a more well-positioned generation to enjoy a long and comfortable retirement – but are your retirement savings up to standard? With the oldest baby [...]
Four Reasons Why You Shouldn’t Touch Your Retirement Savings
Saturday, April 11th, 2009We’ve heard the story before. As the credit crunch tightens its grip, you’re finding it much more difficult to pay for those bills and meet your basic needs. You’re desperate to find a way out of the mess without having to take a second job or sell an organ on the black market – so [...]
Where Are You Planning to Retire?
Wednesday, April 8th, 2009It is surprising to me how many people I speak to who think that when they reach retirement age they will sell the family home and move to a new area that has appealed to them in the past. The idea of a Florida retirement, for instance, is one that is deep rooted in the [...]
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