Submitted by Lewis J. Walker on Thu, 03/06/2014 - 9:00am
President Barack Obama’s plan for government-backed starter retirement accounts, unveiled in his January State of the Union message, has two major problems: The minimums are too low to make a difference in building wealth and inflation will consume the meager gains.
Obama dubbed his new retirement savings plan MyRA. The first rule in marketing is a name easy to pronounce. Confusion reigns. It is not MyIRA, or Myra, a girl’s name. It’s My-are-a, I think.
Submitted by Grant Webster on Wed, 02/05/2014 - 12:00pm
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.
Submitted by Maureen Crimmins on Wed, 01/15/2014 - 3:00pm
With the hustle and bustle of raising a family, many stay-at-home moms often overlook their own retirement planning. Here’s how and why to avoid that mistake.
Staying at home parenting offers emotionally benefits to you and your children – and offers greater financial challenges. Many women run the household finances and oversee the needs of the entire family – and forsake thinking about their future and the retirement they envision.
Submitted by Jim Blankenship on Fri, 01/03/2014 - 12:00pm
Everybody chimes in on what you can and cannot withdraw from your individual retirement account before you reach age 59½ or on what you must or must not do with your IRA after you reached 70½. What do you do in the interim? You actually have all the control. Here’s why.
Submitted by Sophia Bera on Thu, 09/19/2013 - 12:00pm
The further the goal, the harder for us to see it. Retirement seems distant indeed to many investors and savers, especially young adults just beginning lifetimes of perhaps record length. Procrastinating and even assuming, as the young sometimes do, that you’ll never need retirement money threatens your future.