Retirement

Which Accounts to Tap 1st in Retirement

Which Accounts to Tap 1st in Retirement

By in Money Management, Retirement | 0 comments

Retired? Which Accounts to Tap 1st in Retirement “I’m free” you think after that last day of work. You’ve toiled, saved, invested and finally you’re ready for the next life transition-retirement. Even if you’re still working a bit, you consider yourself ‘retired’. Once the elation subsides, you’re confronted with a whole new set of challenges. You need to adjust to the idea that your retirement nest egg may not grow, but decline in the upcoming years. It’s crucial to figure out which accounts to tap 1st, now that you’re retired. Find Out the Answer; How Can I Tell If...

Read More
Tax Benefits of 401k Plans: Key Takeaways to Maximize your 401k Benefits

Tax Benefits of 401k Plans: Key Takeaways to Maximize your 401k Benefits

By in Automatic Saving, Guest Post, Investing, Retirement | 0 comments

Guest contributor, Rick Pendykoski Act Now to Enjoy the Tax Benefits of 401k Plans Does you employer offer a 401k plan? Have you been lazy in signing up? Or maybe you signed up, but you’re still not sure about the tax benefits of your 401k plan. With the demise of employer sponsored pensions, the 401k plan is your retirement safety net. In 1986 congress created the 401k plan to give employees a tax-advantaged way to save for retirement. There are two versions of the 401k, the tax-deferred 401k and the newer Roth 401k. Barbara’s comment; In fact, the 401k that...

Read More
Should a 30 Year Old Think About Retirement?

Should a 30 Year Old Think About Retirement?

By in Automatic Saving, Guest Post, Investing, Retirement | 0 comments

Contributing columnist,  Alexandra Deluise Get the Answer; Should a 30 Year Old Think About Retirement? The earlier you start planning for retirement, the easier it is to save what you need.  If you’re in your 30s, retirement may seem a long way off. But did you know that’s actually a good thing? More than anything, having time on your side can make or break even the best-laid retirement plans. The reason for this is compound interest. Should a 30 Year Old Think About Retirement? Yes. Here’s how to do it, and it’s easier than you think. Would You Like...

Read More
Oblivious Investor-Mike Piper

Oblivious Investor-Mike Piper

By in Asset Allocation, Investing, Personal Finance Luminaries, Retirement | 8 comments

Personal Finance Luminary-Interview with Mike Piper Welcome to an interview with Mike Piper, of the Oblivious Investor Website. This fourth interview for the Personal Finance Luminaries series continues with the mission to highlight and learn from outstanding personal finance educators. Mike follows Luke of Consummerism Commentary, Dr. Charles Richards, author of The Psychology of Wealth, and Kyle of The Penny Hoarder. Mike Piper has been a favorite blogger of mine for several years. In addition to his CPA designation, he is the author more than nine money related books including the newest Microeconomics Made Simple, and publisher of the...

Read More
MBA Class; Use Net Present Value to Make Investment Decisions

MBA Class; Use Net Present Value to Make Investment Decisions

By in Advanced Investing, Asset Allocation, Investing, Mutual Funds, Retirement | 15 comments

Investing Solutions (part 3) Welcome to Investing Solutions Week at Barbara Friedberg Personal Finance. Don’t miss parts 1 and 2. Investing Solutions (Part 1); Why You Must Start Saving Now Investing Solutions (part 2); Six Investing Solutions Six Dangerous Investing Myths I’m in the midst of teaching a Corporate Finance class for MBA students at a local university. Some of the concepts, although rather complicated, have important real world applicability. an extremely important concept is, how to use net present value (NPV). It is a method to put a dollar amount on future cash payments. It’s great if you win the lottery and...

Read More
Why Delay Social Security Benefits? To Boost Long-Term Wealth

Why Delay Social Security Benefits? To Boost Long-Term Wealth

By in Money Management, Retirement | 5 comments

Do you spend more time making money than you do managing the money that you already have? For those of us tiptoeing toward the Social Security (S.S.) deadline, did you know that by appropriately managing your benefits, you can earn tens of thousands more dollars or more in retirement? That’s right, managing when you and your partner take your Social Security benefits can be equivalent to giving yourself a juicy raise in your retirement paycheck.  How Can I Tell if I’m On Track for Retirement?>>>> By poking around the Social Security Website you may even uncover more data about...

Read More