Avoid these financial traps and save yourself money and stress in the long term. Americans are living longer, healthier lives, and this trend is affecting how they think about and plan for retirement. For instance, according to the Employee Benefit Research Institute, the age at which workers expect to retire has been rising slowly over [...]
What makes a company a good investment? Investment professionals consider several factors when they're selecting companies to include in a stock portfolio. Here are some of the criteria they're likely to use when analyzing a company. A Company's Finances A strong financial position on the part of the issuing company can make [...]
If you are opening an (Individual Retirement Account) IRA for the first time or need a refresher course on the specifics of IRA ownership, here are some facts for your consideration. IRAs in America IRAs continue to play an increasingly prominent role in the retirement saving strategies of Americans. According to the Investment [...]
Avoid these financial traps and save yourself money and stress in the long term. Money. It's hard to get and easy to lose. It doesn't take long for the wealth you've accumulated to disappear if you don't manage your money well or have a plan to protect your assets from sudden calamity. Snares like the [...]
What expenses are covered by a 529 plan and which are not? Parents looking to take advantage of the many benefits of saving for college with a 529 plan will want to know the full details on which educational expenses qualify for tax-free distribution status -- and which do not. (1) In Publication 970, [...]
Still have money in a 401(k) at an old job? If you are preparing to change jobs, do you know what your choices are for managing the money in your current employer's 401(k) or retirement plan? Although many people choose to take a cash distribution, there are other options that may benefit you more. [...]
Will you regret not fully understanding the value of time? When recent retirees are asked whether they would have done anything differently about their retirement planning process, many say they wish they’d started sooner. The mistake that people at all income levels make with retirement accounts is not starting at a younger age. [...]
Feeling overwhelmed thinking about your retirement savings? Babies crawl before they can walk. Their first step is the most important -- it is the beginning of a lifetime journey. If you know you should begin saving and investing for retirement, don't worry about making a giant leap forward. Taking one small step toward [...]
If it was easy, everyone would do it. If it was easy to earn at least one million dollars, everyone would do it. As those who have joined the ultra-desirable millionaire club can undoubtedly attest to, earning and saving that much money takes time, commitment, discipline, and a careful focus on dollars and [...]
Your biggest financial asset is your ability to earn a paycheck. With all the attention and occasional hand-wringing over the retirement savings gap facing millions of Americans, one observation often goes unmentioned: your biggest financial asset, or at least one of your biggest assets, is your ability to earn a living. That is [...]
