An early retirement is on everyone’s wish list. A relaxing lifestyle in a warmer climate, or the pursuit of a hobby or personal interest typically characterizes the vision of a comfortable retirement. Today, however, it’s a new ball game. Unfortunately, retiring later, not sooner, than anticipated...
Before you begin the journey of creating a retirement plan and before your first visit with a financial pro, most financial professionals will ask you to pull together a lot of paperwork. They'll want to see tax returns, retirement account statements, Social Security benefit statements and...
When you think about retirement planning, do you think about investing in your health? When people plan for retirement, most think about the stock market, potential returns, and occasionally what their future retirement expenses might look like. And while it’s pretty easy to calculate future...
While most workers strongly support automatic 401(k) enrollment there are concerns that some employees resent automatic enrollment in 401(k) plans. This appears to have stopped some retirement plan sponsors from adopting automated features, even though most employees actually favor the programs, according to a study...
It's important to know your Retirement Plan Rollover Options for Non-Spouse Beneficiaries if you participate in an employer-sponsored qualified retirement plan, such as a defined benefit plan, 401(k) plan, employee stock ownership plan (ESOP), 403(b) plan, or 457(b) plan. You may have chosen a beneficiary to...
Currently, there are two popular Individual Retirement Accounts (IRAs) vying for your attention: the Traditional IRA and the Roth IRA. While both are long-term savings vehicles with tax benefits, each has different rules concerning contributions, age, and income that may change from one year to the next. Contributions Perhaps the biggest difference between...
