Mar 27
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 …
Feb 20
Chances are, if you’re in the workforce today your company no longer offers a defined-benefit pension plan. Those have pretty much gone the way of the dinosaurs and been replaced with defined-contribution plans instead, also known as 401k plans. Whether this switch is to the benefit of employers or employees is the subject of some …
Jul 30
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 …
Jun 04
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 …
May 22
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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