Category Archive: Retirement

Mar 27

Comparing Different IRA’s: Which is Right for You?

Retirement

Today we have a guest post from Miles Young. Miles is a freelance writer who writes about travel, finance, and bugeting… Many people choose to put their money in a traditional IRA because they don’t want to pay taxes on the money they contribute. For 2013, anyone under 50 can contribute $5,500 (those over 50 …

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Jul 30

Retirement Planning at a New Job

I have a friend who is in the middle of switching jobs and asked for some advice on what to do regarding setting up her retirement account at the new employer. In today’s job market switching jobs is a very common occurrence. I’ve seen statistics that individuals entering the workforce today will switch jobs anywhere …

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Jun 04

Which is Better: A Traditional or Roth IRA?

When it comes to putting money away for retirement, there are always a lot of questions. How much will I need to live comfortably (or simply to pay the bills)? How much do I need to invest each year to achieve my target balance? Where do I invest the money? For most people, the first …

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May 22

Why Is It Important To Rebalance Your 401k?

In the quest to build a nest egg for a comfortable retirement (usually through a 401k plan), one thing that is easily and frequently overlooked is the need to periodically rebalance your investment holdings. I know, I know; yet another item to add to your “to-do” list, right? Well, the good news is that this …

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Apr 19

How To Open An IRA On A Shoestring Budget

A friend of mine recently asked me about how to get started with opening an IRA since his employer doesn’t offer a 401k. The tricky part of his situation, though, is that he is making minimum wage and said he can only set aside $500 a year. First, I’d like to applaud his efforts to …

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