Retirement Planning

When to Invest 401(k) Money

Each month, where should your money go first: 1) paying your bills, or 2) contributing to your retirement savings? The answer is 2). While keeping current on your bills is important, regularly socking away funds for your retirement is more important. If you wait until month’s end to put money into the retirement account, there won’t be enough left to make a difference in building your long-term wealth.

Call it paying yourself first. Perhaps most important for you to know: Your investment contribution rates produce your ultimate success in having the financial ability to retire.

How to Support Adult Kids

You give to your kids, in one way or another, their whole lives. Your financial generosity must taper when the children grow to adults. Here’s why and how to cut back.

Speaking recently about financial literacy at a conference, I received energetic applause when I argued it was unhealthy to give kids everything they ask for. I specified that this also goes for adult children who boomerang back into their parents’ lives. The cheers grew a lot louder.

Finding Money for Your IRA

Funding a retirement account is not as hard as you may think. It takes some diligence. When was the last time you found $5,500 lying on the sidewalk? Or under your bed? Or randomly added to your bank account?

What if I told you it is relatively simple to find enough money ($5,500, to be exact) in your current budget to fully fund one of the most important retirement savings plans available to you – the Roth individual retirement account? This method works whether you are in Generation Y or older.

How to Move to a Roth 401(k)

You need the most flexibility possible when funding your retirement. But moving your retirement money into a Roth 401(k) is a complex subject, and there are plenty of pitfalls to watch out for.

Here’s how new regulations do and don’t benefit you.

Get Financially Organized

You need to get financially organized for 2014. Here’s how.

Many people remain unsure where to start with their finances. Kick off with this printable financial checklist with actionable strategies, boxes to check off and spaces to fill in on your own. Stop stressing about your money and start writing down goals and checking your financial status.

How to Have Enough Money

Is money important? To answer that question, we turn to that sage observer of humanity, Woody Allen, who proclaimed, “Money is better than poverty, if only for financial reasons."

How to Think Long-Term

Thinking – and acting – long-term is not easy. It requires the resolve to be consistent and persistent into the future. More than that, though, it requires that you set the right objectives. What’s the point of expending cost and effort if the objective is ill-defined or unwise?

Key Retirement Deadlines

After years of work, you look to retire, relax and enjoy spending time as you wish. Not so fast. Retirement ushers in important annual deadlines and here’s what to know.

Some of these deadlines also carry penalties if you don’t pay attention. Keep an eye out for these seven critical ones as you reach certain ages.

In chronological order:

Get Ready for Retirement

Your golden years loom. Here’s how to prepare.

The financial press bombards us with stories about the sorry state of retirement readiness in the U.S. This highlights the need for us to plan and save for our last years because nobody will do it for us. The only retirement readiness statistic that matters: yours.

Where do you stand and what else do you do now?

Inheritance? Sorry About That

The chances that Americans will get an inheritance are not good. A lot of U.S. heirs’ parents don’t have the money. Culprits are sluggish economic growth and high inheritance taxes, versus elsewhere in the world.

Stroll through a retirement camping resort or pass an RV on the highway, and you might see this bumper sticker: “We’re spending our children’s inheritance.”


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