The initial foundation of a successful retirement savings plan is laid by your present age and planned retirement age. The more time you have between now and retirement, the more danger your portfolio can tolerate. In general, when you get older, your portfolio should be more focused on income and capital preservation. This means putting more money into assets like bonds, … [Read more...] about 4 Steps Toward A Secure Retirement
If your employer holds part of your paycheck until a specific date, that would be deferred compensation. Often, your employer withholds these funds until you retire. A company may offer a deferred compensation plan or retirement plans, such as 401(k)s. Management might also have these plans and receive them in the form of life insurance, annuities, or stock options. Of course, … [Read more...] about The Advantages of Deferred Compensation
According to the Internal Revenue Service (IRS), the earlier you start your retirement plan, the more financially secure you will be later in life. By making small contributions over the course of your career that are tax-deductible and that rely on tax-free compounding growth, you will be able to anticipate and maintain financial stability well into your older years, … [Read more...] about How to Choose the Best Retirement Plan
Financial experts recommend setting aside money that will cater to your needs when you retire. Among the recommended money-saving solutions is Roth Individual Retirement Accounts (IRA’s); is it right for you. If you anticipate higher taxes after retirement, Roth IRA’s are a counter-effective approach to saving money. Perhaps one interesting feature about Roth IRA’s is that … [Read more...] about Is a Roth IRA Right For You?
You work hard at your job to pay your bills and afford a comfortable lifestyle — but that lifestyle won’t last forever if you aren’t saving for retirement. Eventually, you will either not relish the task of clocking into work every day, or you will be physically (or mentally) unable to maintain employment. When that happens, you need to have a hefty chunk of savings to keep you … [Read more...] about 7 Bad Reasons You Aren’t Saving for Retirement