Retirement

Five Things to Do Before Retirement

Ready or not, retirement may be around the corner. Maybe it is coming early or long coming. Either way, it will be a time for adjustment for many people. By some estimates, 10,000 baby boomers will retire every day. Here are five things to do before retirement. Review investment portfolio and implement adjustments to reflect …

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Am I Ready for Retirement?

A friend recently asked me if I thought he was ready for retirement. Fred’s nest egg had grown nicely over his 20-year career. Retirement meant leaving behind a steady paycheck and the benefits of a big company with a generous stock option plan. But as someone in his mid-40s, Fred could return to work if …

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Which IRA?

Between now and April 15th, many will choose if and how they will make their annual IRA contributions. For 2014 and 2015, the cap is $5,500 and $6,000 for people age 50 or over. In choosing between a Traditional or a Roth IRA, I use a short checklist and ask three questions to start the …

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5 Ingredients to Become a 401(k) Millionaire – Part 2

Becoming a 401(k) millionaire may be easier than you think. In part 2 of this post, we discuss our three remaining ingredients to become a 401(k) millionaire. We describe what a well tailored long-term investment strategy should accomplish, highlight why 401(k)s are an important tool for savings and review you can catch-up using 401(k)s if …

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5 Ingredients to Become a 401(k) Millionaire – Part 1

What does it take to be a 401(k) account millionaire?  Joining this select group may be easier than you think. Many miss the mark because they don’t save enough. They have a tough time balancing their needs, wants and wishes for today versus the future. Some use ill-suited investment strategies that contribute to bad investor …

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Links to Navigate Social Security and Improve Financial Literacy of Kids

Some of the most useful resources on personal finances are free but lack the recognition that they deserve. I believe these two additions to our Useful Links page are helpful for navigating the Social Security maze and improving the financial literacy of kids (and adults too). I believe you find that they add clarity and …

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