Retirement

CalSavers – California’s New Auto-IRA Program + Retirement Tips

CalSavers – California’s New Auto-IRA Program + Retirement Tips

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California’s CalSavers is a Model Roth IRA Retirement Savings Program By staff columnist,  Alexandra Deluise One of the most emphasized pieces of wealth-building includes maxing out any and all workplace retirement accounts. In fact, this is one of the common suggestions for people looking to become millionaires. Calsavers can help! Automated investing can make or break your retirement success. Taking advantage of tax-deferred retirement accounts, such as an IRA or 401(k), is another way that employees can ensure that they are making the best use of their earnings. While this is solid advice, it overlooks one key detail: not...

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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?

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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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5 Biggest Retirement Mistakes to Avoid

5 Biggest Retirement Mistakes to Avoid

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5 Retirement Mistakes to Avoid for a Glorious Future By, Douglas Keller Often, people imagine their golden years to be among the most relaxing and enjoyable of their lives, with exciting getaways abroad and peaceful sunsets out on the porch. And while these are wonderful dreams to have, far too often people make retirement mistakes that cost them the freedom that they spent a lifetime working towards. One positive thing that comes from these blunders is that it gives those preparing for retirement the opportunity to learn from others. All too often, the same mistakes are made, but that...

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Is a 401k the Same as an IRA? 401k vs. IRA

Is a 401k the Same as an IRA? 401k vs. IRA

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401k vs. IRA vs. Roth IRA By, Alexandra DeLuise Retirement options can be overwhelming. How can you choose between a 401k vs. IRA? What is a 401k anyway? What’s the difference between a traditional IRA and a Roth IRA? Putting aside money for retirement is a good strategy, but it’s important to use the right type of retirement savings account for your personal financial needs in order to make the most of your pre-retirement years. That’s why it’s a good idea to become familiar with the benefits of a 401k vs. IRA retirement account benefits. What Is A 401k? A...

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FIRE – Financial Independence, Retire Early is a Bad Idea

FIRE – Financial Independence, Retire Early is a Bad Idea

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FIRE is popular among millennial’s – and older adults too. Inspired by the classic book, “Your Money or Your Life,” by Vicki Robin and Joe Dominguez, FIRE is an acronym – Financial Independence, Retire Early. Thousands of diligent workers are striving to live with less to retire young. But, to what end? I read the book when it first came out in 1992 and I like the living with less idea. It’s smart for the economy, the environment and a lot of other reasons. Living below your means, relieves money stress! In fact, I was raised with fiscally conservative parents...

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6 Retirement Planning Tips for 50 Year Old’s

6 Retirement Planning Tips for 50 Year Old’s

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Retirement Planning Action Tips for Today You’ve hit the big 5-0 and the reality that you’re not going to work forever sinks in. If you’re like most Americans, your retirement account is on the lean side. A recent Economic Policy Institute article reports that for households between ages 50 and 55, the average savings balance is $124,831. Yet, all is not lost and at age 50, there’s still a solid 15+ years to go before retirement. With targeted planning, you’ve got time to craft a successful retirement. Read on for 6 important retirement planning tips for 50 year olds: Retirement...

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