Retirement

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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You Don’t Need an IRA; There’s Always Social Security

You Don’t Need an IRA; There’s Always Social Security

By in Automatic Saving, Bond, Investing, Mutual Funds, Retirement | 17 comments

 Do I Need a Roth IRA If I Have Social Security?   I’m one of those dinosaurs that started her first IRA in her 20’s at the beginning of the IRA movement. At that time, there was no such thing as a Roth IRA, so I invested in a traditional IRA. On top of that anomaly, I was the only 25 year old at a retirement seminar in a room full of 60 year olds. The question of whether I needed need a Roth IRA if I have Social Security didn’t cross my mind since I believed that there’s no such...

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Pro Rata Rule for Roth Rollovers – Is the Back Door Roth for You?

Pro Rata Rule for Roth Rollovers – Is the Back Door Roth for You?

By in Advanced Investing, Investing, Retirement | 0 comments

What is the Pro Rata Rule for Roth Rollovers? After reviewing our 2014 taxes, I realized that we need to look for ways to cut our tax bill. I set up a call with our accountant and one topic which came up is the Backdoor Roth. This is a strategy for individuals whose income makes it impossible to directly contribute to a Roth IRA. Armed with enthusiasm, I was all set to open a traditional IRA and then roll it over into a Roth, until I read about the pro rata rule for Roth rollovers. Bonus read; Should I Contribute...

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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...

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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...

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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...

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