Archive | Retirement

Are IRAs the same as 401(k) plans?

  Are IRAs the same as 401(k) plans? Often mistaken for one another, IRA and 401(k) plans are similar – but   not exactly the same. Besides being eligible for IRAs (Individual Retirement Accounts), working people can save some of their pay – and some tax dollars – through company-sponsored 401(k) plans. Both types of tax-deferred savings […]

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The Year of the Pig

  Facts & Figures to Help You Build Wealth   2019: The Year of the Pig        Should you put more money               into IRA accounts this year?   In 2019 . . . February’s two-week Chinese New Year celebration ushers in the Year of the Pig. According to Asian culture, anyone born under the sign […]

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What? Me, retire? Those days are eons away!         

What’s the problem with retirement planning? Twenty, 30- and 40-year-olds think they’ll never reach that ripe    old age, but those are stages in life when anyone can hope to get rich by investing a little money every month. Why don’t more of us put small amounts away early on    in our careers? The word retirement […]

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10 Things You Must Know About Medicare

10 Things You Must Know About Medicare: http://www.kiplinger.com/slideshow/retirement/T039-S001-10-things-you-must-know-about-medicare/index.html By the Editors of Kiplinger’s Retirement Report | Updated May 2017 Heading into your retirement years brings a slew of new topics to grapple with, and one of the most maddening may be Medicare. Figuring out when to enroll, what to enroll in and what coverage will […]

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Not All 401(k) Plan Providers Are Created Equal

401(k) salary deferral plans are the most popular retirement plans today. Nearly every type of financial institution—banks, insurance companies, brokerage firms—offer 401(k) plan services. If your organization is considering offering a 401(k) plan for the first time—or it has a plan and you are reviewing its performance—there are several things to consider. Here is a […]

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Social Security: Income Replacement Trends Declining for Working Couples

In a way it seems counter-intuitive. Yet a recent report published by the Center for Retirement Research at Boston College found that as more women have left their posts as full-time homemakers and joined the workforce, the income replacement rate that Social Security provides to two-earner married couples has been in steady decline.   Demographic […]

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Tax Strategies for Retirees

Nothing in life is certain except death and taxes. —Benjamin Franklin   That saying still rings true roughly 300 years after the former statesman coined it. Yet, by formulating a tax-efficient investment and distribution strategy, retirees may keep more of their hard-earned assets for themselves and their heirs. Here are a few suggestions for effective […]

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