Roth IRA

How to Maximize Retirement $

Your quality of life in your last years depends on your retirement savings, such as your 401(k). Such plans give you the best means to bringing you the wealth you will need. But many investors haven’t a clue how to navigate them.

Your 401(k) or other retirement plan from your employer is your most valuable retirement savings resource – if not your only one. To make use of these tax- advantaged plans to save for your golden years:

The New Military Benefits

If you are military, either part time or fulltime, a grateful nation has set up tax, pension and other benefits to help you. You should know about changes and improvements that occurred in some of them.

What’s the Point of myRAs?

President Barack Obama’s State of the Union address included announcement of the new, supposedly easier retirement savings plans, or “my Retirement Accounts” (myRAs). Do we need them? No.

Obama’s Dud Retirement Plan

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.

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.

Maxing IRA Contributions

Did you contribute all money allowed to your individual retirement accounts last year? Probably not. Here’s how to make up for that and save better in 2014.

How to Give to Children

Your children and grandchildren probably come to mind first when you want to contribute to another’s financial security and future. Here are key strategies.

The right choice depends on how much you intend to give as well as on your child or grandchild’s stage of life and the goal of the financial gift.

Planning for At-Home Moms

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.

IRA Withdrawals in Your 60s

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.


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