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.
Costs of education and retirement are likely two of your biggest financial concerns. Just in time for tax season, here are answers to a couple of common questions on each important topic.
As you progress in your career, earn more and have more control over your budget, it’s time to examine your finances carefully. Here is a checklist of questions you should ask yourself during this critical time when you can shape your financial future for the rest of your life.
You’ve saved for years. Now that retirement is here (or near), how do you create an income plan from your savings? There are five steps.
If you were born between 1980 and 2000 and are part of Generation Y, have you started saving for retirement? Think you’ll be fine if you start tomorrow? Plenty of time to worry about this later, right? Wrong: Just look at the math.
With April looming, the season for individual retirement accounts is at its height. Follow these IRA strategies that have stood the test of time, while taking note of this year’s new changes.
If you already started Social Security benefits, can you change your mind? Yes. With a little trick called “file and suspend,” you can put your benefits on hold and restart them later to maximize retirement income.
Financial planning takes time, often decades, to show its results. In the long run, wealth goes to those who have a plan – and a good advisor is the best way to make a smart one. Those with planners do better than those without.
Even as steady paychecks begin to roll in, young adults face a tough road: a volatile and inherently chancy savings vehicle in investments and a retirement that, although far off, will likely cost an unprecedented fortune. What can you do if you’re just starting out?
You started this year off with grand resolutions and intentions, but the demands of everyday life got in the way or your financial plans just became overwhelming. Try tackling big goals in more manageable, bite-sized pieces, such as one a month.