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Here’s a look at retirement in nine countries
Retirement looks very different depending on where in the world you are, and, which generation you are in. With the aging populations and decreasing birthrates, countries across the globe are reexamining how retirement works and what needs to change in…
What is a Roth 401(k) and a Roth IRA?
Not all retirement accounts are the same. Employees are familiar with the traditional 401(k), an account that allows you to put away pretax dollars and have them grow on a tax-deferred basis but once you begin drawing down income in…
Many Americans dream of retirement but…
A recent survey found that while 52 percent of Americans ages 22 to 74 say they think about retirement four or more times a week, most don’t expect they’ll end up saving even half as much as they optimistically think…
Consolidation of 401(k) balances
The Department of labor may be about to give Retirement Clearinghouse LLC the green light to proceed with its proposal to automatically transfer small balances from one 401(k) to another; reducing leakages from 401(k) plans. Retirement Clearinghouse LLC serves as…
Protect your heirs and retirement accounts
For many individuals, their greatest assets are their retirement plan and their life insurance so when it comes to transferring wealth that’s why it is important to review your beneficiary designations for your 401(k), IRA and life insurance. Why? Because…
Common areas of confusion about retirement plans
If you are not sure how to take money out of your 401(k), you are not alone according to Dream Forward. Dream Forward is a start up which is using an artificial intelligence chatbox as part of the 401(k) and…
Ways to fund your overseas retirement
Do you imagine retiring overseas but you don’t think you have the money to do so? Expats and retirees who have retired overseas and who are currently earning income across the globe in some cases working as little as four…
A look at how the retirement age is changing
In 2019, the Social Security retirement age increases to 66.5 to claim your full benefit. While you can start Social Security payments at age 62, your monthly checks are reduced if you begin collecting benefits at this age. Read article…
Tips on a smoother transition into retirement
Many people look forward to their retirement, but you don’t want to rush into retirement without being adequately prepared. There are a few key things to know about retiring in 2019 that will help you navigate this milestone. Read article…
Using a Roth IRA as part of retirement planning strategy if you claim Social Security early
Social Security provides a critical source of money to more than 43 million retired workers, many of whom count on it for more than half their annual income. Since Social Security is key to achieving financial freedom in retirement for…