Submitted by Mary Beth Storjohann on Thu, 06/26/2014 - 12:00pm
Being your own boss means providing for your own retirement. It means that there isn’t an employer looking over your shoulder who will sign you up for a plan. You have to be more proactive in setting the money aside. But how?
Having a variable income, which is often the case for people who own their own businesses, may make it harder to budget. When it comes to saving for your future self, where do you start and which is the best option? Read on for an overview of three retirement accounts that are great options for entrepreneurs.
Submitted by Dan Crimmins on Tue, 06/24/2014 - 12:00pm
Life expectancy has consistently increased through the years. Most of today’s retirees will live longer than their parents did. Understanding the length of retirement that you are likely to face will better prepare youto make investment choices.
The Society of Actuaries, an organization that tracks how long people live to assist companies understand the risk of their pensions, recently updated its mortality tables for the first time since 2000.
Submitted by Sterling Raskie on Fri, 05/30/2014 - 12:00pm
Procrastination is a silent and slow killer of savings. Everyone puts things off, of course, waiting until the last minute and then scurrying to finish a longstanding to-do list. Taken to extremes, this course pulverizes your long-term financial plans.
Here’s an example. Last year my wife and I debated whether to remove a tree from our back yard. Mainly in the fall this sweet gum tree dropped its fruit, sharp and pointy gumballs that worked wonders on mower blades and bare feet.
Submitted by Ray Ferrara on Thu, 05/08/2014 - 9:00am
The world of finance has traps for the unwary. Even in a bull market, they can harm you, so it pays to be on the look out. The three that are most insidious: more complex rules on IRA rollovers, tax scams and too-high margin debt.
Submitted by Roger Wohlner on Tue, 04/29/2014 - 12:00pm
We’ve all heard about the sorry state of retirement readiness in the U.S. With about 10,000 of us baby boomers turning 65 every day, this pressing issue goes away no time soon. One key to achieving your retirement goals: Your amount saved and invested for retirement.
Submitted by Lon Jefferies on Tue, 04/22/2014 - 12:00pm
The proposed U.S. 2015 budget contains, predictably from President Barack Obama, tax breaks for working families and curtained breaks for the rich. The nearly $4 trillion budget proposal also seeks potential changes, good and bad, to your individual retirement accounts.
Submitted by Sue Stevens on Wed, 04/09/2014 - 12:00pm
Investing in the market to save for your future can come with a government price tag these days. In our first article we looked at strategies to get the most out of your money without tripping into higher tax brackets. Here are sneaky add-ons that can run up your tax bill.
Submitted by Rick Kahler on Mon, 04/07/2014 - 3:00pm
Which is the better choice for retirement saving, an IRA or a 401(k)? A lot of people don’t appreciate the differences between the two, which go beyond where they are available – the 401(k) is workplace-based. You can put more money into a 401(k), but typically have more investment choices with an IRA.
Either an individual retirement account or a 401(k) plan is a great place to start investing for retirement. They are more alike than different, and which one to choose depends on your particular circumstances. Here are some of the basics you need to know.