Will I have enough money to retire? Find out with this free and easy financial management forecasting tool.

Will You Have Enough Money to Retire? FinanSavvy Answers

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, aga…

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Ultimate end of year retirement planning tips

Ultimate End of Year Retirement Planning and Hot Links

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…

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Pro Rata Rule for Roth Rollovers

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

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.

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Which Accounts to Tap 1st in Retirement

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.

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why delay social security benefits

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

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.

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401(k) Rollover-What not to do. Don't make this mistake.

What Not to Do With an 401(k) Rollover

The 401(k) Saga-Don’t do This! Financial professionals frequently suggest rolling over your 401(k) into an IRA when you leave a job. The down side of leaving your retirement account with the old employer means you’re subject to their fee structure and investment options. If you rollover your 401(k) into an IRA-you gain control! Advantages of a 401(k) Rollover into an IRA You choose: Where to house your money. Already have an account with Schwab, Fidelity, Vanguard, ETrade or another discount …

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Are you on track for retirement?

How Can I Tell if I’m On Track for Retirement?

Reader Question: Am I On Track for a Secure Retirement? “Barbara, I started investing late and although I have a military pension, a 401k, and brokerage accounts; I wonder if I am track to a comfortable retirement. I use commission free ETFs in a taxable account.” You’re doing what you think is right, saving, investing, living modestly, but how do you know if you’re on track for retirement? This question from a reader echoes a common concern. After all, no one wants more life than money! How …

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What happens to my retirement accounts during bankruptcy?

What Happens to Retirement Accounts During Bankruptcy?

Facing Bankruptcy? Understand What Happens to Retirement Accounts During Bankruptcy No one wants to imagine filing for bankruptcy, particularly as they get close to retirement age. Unexpected job losses, injuries, illnesses, or other disasters can leave people owing more than they can afford to pay. Sixty-two percent of all bankruptcies are related to medical expenses. Other common causes include job loss, divorce, lack of insurance to pay for disaster costs, and poor credit management. Inste…

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401(k) #Retirement Advice-Stop Tinkering

Stop Tinkering With Your 401(k) to Keep Your Wealth

Keep Your Fingers Off the 401(k) Retirement accounts functioned very differently just a couple of decades ago. We had to mail in a deposit to our retirement accounts, or banks drafted deposits out of our bank accounts. To make a change in our asset allocation, we had to call a broker, and our broker had the option either to agree with us or try and talk us out of making a bad decision. Now, thanks to the internet, we can see our 401(k)s with the touch of a button. We can tweak and trade to ou…

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