Retirement

When it comes to your retirement, you will have a lot of free time on your hands that you may not be used to, and you are unsure what you do with your time. If you are close to retiring or if you have already started your retirement, then we have a great solution to […]

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How to Protect Your Pension

by on August 15, 2019

It is a good idea to save for retirement. You do not want to suffer when your retirement age comes. For this reason, most people have a pension account. However, you also need to protect your pension. This means that your employer cannot interfere with your money when he or she runs out of business. […]

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Saving for your retirement does not require any cut off age. You can start saving right from the time you draw your first salary. Saving pays off in the long run. And you can do so even after enjoying all the more beautiful moments of life. In this article, let us find out the various […]

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Are you starting to think about your retirement funds? This is one of the most important financial decisions you will make, as this may be the only capital you can fall back on once you retire. Although you may be included in a pension scheme in your workplace, you should avoid relying on this as […]

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When a business owner is approaching retirement, they may be faced with a number of dilemmas. After putting so much of their professional life into building a successful business it can be difficult to take a step back and let go of such a personal investment. Some business owners may decide to sell their business […]

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Most people have entered a retirement plan to save some cash for the future. When you have a 401 (k) account, your contributions to your retirement plan are automatically deducted from your bank account when your monthly salary is remitted. On the bright side, your employer is legally bound to match your contributions to help […]

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If you’re nearing (or at) retirement age, you have probably spent a lot of time considering your finances and the legacy you will leave to your children. While the “golden age” of retirement does offer its perks, ensuring your financial security can be a serious headache. Similarly, due to the current economic situation, a lot […]

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Everybody dreams of being able to retire early, knowing that they will be financially solvent for the rest of their lives. Not everybody is actually able to do so. For every app that makes it big, there are hundreds of failed developers trudging into work every day and hoping that they’ll even be able to […]

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When the Great Recession swept across the United States, retirement plans were put on hold for millions of hard-working Americans. The downturn officially lasted from December 2007 to June 2009, making the 19-month economic skid the longest such morass in U.S. history. But the official dates, which are designated by the U.S. National Bureau of […]

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Many workers set a goal of retiring early. Early retirement can allow you to pursue a hobby or passion full-time. Reaching this goal can be very difficult. It takes years of careful investment planning. A stock portfolio, however, can generate a high rate of investment growth. Use these tips to invest in stocks to reach […]

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Believe it or not, many people leave their old retirement funds behind.  Whether its a partially earned pension or a 401k plan left at an old employer, many people lose the benefits of consolidation and growth that could have been attained if they had consolidated that money with their primary retirement accounts.  Here are a few […]

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As your retirement approaches, you may find yourself with a financial tease: You are allowed to hang up your boots at a certain age, but you can’t draw anything from your retirement (without penalty) until a considerably older age. That is rough. Like the legendary Tantalus, the things you want are very close but somehow […]

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How to Start a Retirement Plan Early

by on September 19, 2013

Designing the right plan for retirement may sound difficult to do, but it’s entirely possible. While some may put off saving for retirement later in life to the point where it’s hard to scrape by, others have put plans in place before they could even drive. So how soon should I start saving? Well, to […]

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I’ve had quite a few jobs throughout my career. All the companies I worked for provided a 401k and all of them provided a 401k match. My father, brother and brother-in-law, however, work for companies that offer pension plans. Of course my first instinct is to compare the value of a 401k to the value […]

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I was listening to CNBC radio this morning and heard some people talking about retirement goals.  Specifically, they were discussing how much harder it has become to reach them.  Especially for the younger generations. Although the baby boomers have had some setbacks, they haven’t taken it on the chin like the next generation – which […]

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You may ask yourself: Do I have enough money saved for retirement? How much should I put aside at my age to be ready for retirement? Before you can answer these questions, you need to look at the broader view of retirement. What does retirement mean to you?  What goals do you have for yourself? […]

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New Retirement Savings Guidelines

by on September 12, 2012

How much do you need to save to retire? According to Fidelity’s latest recommendations, eight times your annual income is the right amount of money to save for your retirement.  Specifically, here is what Fidelity had to say about saving for retirement: In the set of age-based targets released Wednesday, Fidelity says employees should have the equivalent of their […]

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Keys To An Early Retirement

by on August 19, 2012

Retiring early is part of many people’s “dream life”. Sure, we spend the first twenty years of our lives preparing to work at a job (for the next thirty plus years), but the ultimate goal is to be able to do no work at all. While there are very obvious reasons that some people reach […]

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A big part of planning for retirement is estimating your expenses during retirement.  Some people will need more money than they currently spend and others will need less, but when it comes to making assumptions, here are three things that you should take into consideration. Plan for Taxes During Retirement Most people underestimate the amount […]

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Should You Rollover Your 401K?

by on April 25, 2012

Have you left an employer and had to face the question as to what to do with your 401k?  In the most simple of scenarios, you can either keep it with your old employer indefinitely, or you can roll it over to a different account. When rolling over a 401k, you have the option to […]

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The following is a guest post from someone who has learned how to retire the hard way – by already doing it!  Thanks for your post: My wife and I retired 6 years ago, at age 59. Here are a few guidelines that helped us achieve our goals. Pay yourself first. Start saving early. Live […]

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There are thousands of programs and retirement calculators that financial advisors use to help you calculate how much money you’ll need to retire. Each program takes a slightly different approach. Some use a lot of computing power to map probabilities of success based on financial scenarios and some use simple formulas to calculate results. However, […]

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