Creating a budget, building an emergency fund and paying off debt: After building this solid foundation for your financial plan, now you start investing to meet long-term goals.
The days of a former corporate employer paying a life-time pension to you and your partner are dwindling. If your retirement looms, you need to account for ever-rising prices and how long you’ll need to pay them.
Have a retirement plan? Probably, but you’re hardly set. The type of plan you have figures big regarding income for your golden years, and here’s what to know.
When contributing to your employer-sponsored plan, you can choose to defer your income by a dollar or a percentage amount. The smart thing to do is to opt for whichever makes you save more.
Consolidating multiple retirement accounts into one makes it easier to manage. But do you know what money you can roll over to where? Here’s a breakdown of your options.
Losing your spouse can ignite no end of uncertainty. Do you have to brave the job market, or can your assets support your lifestyle? For that matter, where are those assets? One widow, blending time and realistic expectations, answered both questions.
President Barack Obama wants to crack down on advisors who get commissions for selling retirement plans. On the surface, his goal seems noble. But it ignores reality, targeting the wrong people and misunderstanding the problem he perceives.
If you’re a member of Gen Y (born between 1980 and 2000), you’re probably driving just now to find the perfect job and establish your career. The here and now can sometimes block the holistic view – for example, planning for your future. You need to take an active role in managing your finances for now and the long term.
How should working couples approach their retirement accounts? By scrutinizing the pros and cons of each, and then making a coordinated plan.
Disappearing pensions, continued corporate downsizing and stubborn unemployment combine to ignite great concern that many folks still don’t save enough for retirement. Maybe you’ve given up trying to realistically assess your future costs or you simply still spend too much without saving. Whatever the reason, here’s how to get your finances together while you still have time.