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Make Your Money Last (Pt. 1)

Submitted by Jeff Rose on Tuesday, October 14, 2014 - 12:00pm

You retire and don’t even own an alarm clock anymore. Then it hits you: Can you really afford this lifestyle? Did you save enough and invest right? How long will your money last?

This first of two articles presents strategies to ease your worry about outliving your savings.

Plan a bigger portfolio than you think you’ll need. When planning for retirement, never imagine you’re going to get off easy. Think the opposite.

Why Millennials Need Roth IRAs

Submitted by Grant Webster on Monday, August 18, 2014 - 12:00pm

If 20-somethings ask me what to do to get ahead financially, I have a laundry list: create a budget, start investing now, be smart about your taxes and so on. If I absolutely have to narrow it down to one thing, I’d say, open up a Roth individual retirement account.

Why Switch to a Roth 401(k)?

Submitted by Jim Blankenship on Friday, August 15, 2014 - 12:00pm

Beginning in 2013, you could roll over all your standard 401(k) funds to a Roth account in the same retirement plan. But such a move may not be good for you. While the upside of a Roth is tax-free money in the future, converting creates an extra tax burden today.

Rules for a Roth 401(k)

Submitted by Jim Blankenship on Monday, August 11, 2014 - 12:00pm

If your employer sponsors a 401(k) plan for you to participate in, you may also have a Roth 401(k) option. Electing that option depends on your other retirement plans, tax outlook and many other factors.

Traditional or Roth IRA?

Submitted by Travis Russell on Thursday, August 7, 2014 - 3:00pm

Saving for retirement means you must sort out countless and confusing options from 401(k)s to individual retirement accounts. How much you make and whether you’re self-employed or have a company-sponsored retirement plan are just a few criteria to determine which to chose. One of your first questions: What’s the difference between a traditional IRA and a Roth IRA?

Many clients at our firm ask this when looking to maximize retirement savings. To understand which option may be better, let’s look at the differences and nuances between the two types of accounts.

Young Adults, Go With Roth

Submitted by Joseph A. Clark on Thursday, June 5, 2014 - 3:00pm

For the young, Roth accounts are very smart ways to save money for retirement. That’s because they pay taxes on the contributed money up front, when their income is low, and can enjoy that money later without the Internal Revenue Service taking another slice. Traditional accounts defer taxes until retirement, when folks usually are in a much higher tax bracket than they were when starting out in life.

How to Maximize Retirement $

Submitted by Eric Hutchinson on Tuesday, March 25, 2014 - 3:00pm

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

Submitted by Sterling Raskie on Wednesday, March 19, 2014 - 12:00pm

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.

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