Retirement

Will You Have Enough Money to Retire? FinanSavvy Answers

Will You Have Enough Money to Retire? FinanSavvy Answers

By in Automatic Saving, Budget, Money Management, Personal Finance, Retirement, Sponsored | 1 comment

Get the Answer – At What Age Can I Retire? Are you interested in discovering whether your current lifestyle, savings and spending plans will leave with you enough money today and in retirement? Find out today whether you’ll have enough money to retire. Most of us strive to make better decisions when it comes to money.  “Better” can mean a lot of things. Yet, when it comes down to it, better means acting in a way that balances achieving the long term financial goals you care about the most, against quality of life today, all the while being able to pay...

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Ultimate End of Year Retirement Planning and Hot Links

Ultimate End of Year Retirement Planning and Hot Links

By in Links, Money Management, Personal Finance, Retirement | 0 comments

Ultimate End of Year Retirement Planning Dara Luber, senior manager of retirement at TD Ameritrade came out with a simple, actionable end of year retirement planning list. Although you’re probably managing multiple activities now, with school vacations and holiday planning, don’t forget yourself. By dedicating some time to end of year retirement planning, your future self will thank you. Give yourself a gift by taking a few moments to improve your financial retirement life for tomorrow. You still have a few weeks before January 1 to  boost your wealth building for tomorrow-today. Increase 401(k) contributions by just 1 percent: If your income goes...

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Expert Financial Advice; What Not to Do With Your Investments Now

Expert Financial Advice; What Not to Do With Your Investments Now

By in Asset Allocation, Investing, Retirement | 20 comments

Is it time to sell your stock investments? If you have a workplace retirement account or brokerage account with investments in the US stock market you may be tempted to sell now. Markets are unpredictable and volatility is scary. Volatility is the Price You Pay for Returns Investing 101 informs that you need to take some risks in order to be eligible for a larger return. The problem with that reality is that no one enjoys seeing their investments decline in value. Even if you don’t know anything about investing or understand the mutual funds in your retirement account, you...

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The Difference Between 401k Loans vs. 401k Early Withdrawals

The Difference Between 401k Loans vs. 401k Early Withdrawals

By in Debt, Guest Post, Retirement | 0 comments

By Gust Contributor, Anum Yoon If you need a large amount of money, you might be tempted to dip into your retirement fund. Many 401k plans let you borrow money or take an early withdrawal. Both have their pluses and minuses. However, they have one thing in common: If you take out money, you’ll typically have saved less when it’s time for retirement. The consequences of taking a 401k loan or a 401k early withdrawal could cost dearly in retirement. Don’t take this decision lightly or in your later years, you might be forced to change your lifestyle or postpone your...

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401k Myths Exposed-Don’t Get Fooled by the Hype When Planning for Retirement

401k Myths Exposed-Don’t Get Fooled by the Hype When Planning for Retirement

By in Money Management, Personal Finance, Retirement | 6 comments

6 Retirement Myths-Believe at Your Own Peril (reprinted with permission from Captain401.com) 401k Myth #1 – The 401k is the Best Place for All of My Retirement Savings Not necessarily. There are many different types of 401k plans and some are better than others. In general, you hope that your workplace 401k plan has low fee mutual funds along with low management expenses. It’s also desirable for your 401k to have a point person, or offer access to professional advice for your questions. If your 401k investment choices are filled with high fee, actively managed mutual funds, company stock,...

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OnTrajectory, the ‘Google Maps’ of Financial Planning Answers the Question; Can I Retire Early?

OnTrajectory, the ‘Google Maps’ of Financial Planning Answers the Question; Can I Retire Early?

By in Guest Post, Retirement, Sponsored | 0 comments

Can I Retire Early? Get the Answer Big and even small regular expenses can sabotage a comfy retirement. Are you curious about how decisions about car purchases and lattes, might affect plans for retirement? Maybe you’ve never thought about the relationship between your new car and your retirement date. Can I Retire Early? OnTrajectory Shows If You’re On Track for Retirement What is OnTrajectory and How Can it Help Me? OnTrajectory.com is a “fin-tech” startup helping you map your current and future financial journey. This platform gives you vivid illustrations of your income, expenses, and investments. After inputting some...

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