Retirement

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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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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