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Should you have a retirement plan Part B?
The American worker is in a retirement bind. The pensions that served their parents and grandparents are largely defunct and those who contributed to a defined benefit plan are learning now of the massive funding shortfalls. So should you start…
Your 401k and Taxes…More Can Be Less
You’ve followed all of the financial media advice about maximizing you contributions to tax-preferred deferred compensation–401k plans, specifically–and you accumulated an impressive balance. Now comes the downside…when you withdraw those funds, they are taxed as ordinary income. You intuitively knew…
Is $1.5M the New Million in Retirement Financial Goals?
According to New York Post reporter John Aidan Byrne, tax lawyer and certified financial planner Rebecca Walser believes that to be the case. Her premise, outlined in a new book titled “Wealth Unbroken: Growing Wealth Uninterrupted by Market Crashes, Taxes and Even Death,”…
A Quick Review of Retirement Savings Options
The breadth of options available to workers and wage earners to stash money away for retirement can be bewildering, so it’s often a good idea to take a breath and focus on clearly understanding the tools available to you. Columnist Dave…
Some Maneuvers That Can Bolster Your Retirement Nest Egg
The editorial staff of “The Week” offer up some interesting strategic moves that can be employed to improve your financial planning picture as you head toward retirement. From IRA-based strategies to the use of home equity to finance college costs…
In Case You Can’t Decide Where to Live in Retirement…
Here’s a new approach to selecting a retirement destination…living everywhere! A startup company called Storylines, with an expected launch in September of next year, plans on offering retirement living on a cruise ship. “a 584-foot luxury cruise ship that would…
Quiz Time: See How Much of the Basics of Social Security You Know
The Motley Fool’s Selena Maranjian advances a basic five-question quiz that only about a quarter of respondents could pass. Take a crack at it and see how you do! Beware of #4, though, it’s sort of a trick question. Access the…
Maximum Social Security Benefit Reaches $2788/mo for 2018
According to an article posted today by Sean Williams of The Motley Fool, the highest monthly full retirement age (FRA) benefit anyone can receive from Social Security in 2018 is $2788, an increase of about 3.7% over last year. This figure…
Younger Workers, Take Heed. There are some things you should be doing now to prepare for retirement.
The Motley Fool’s Wendy Connick provides a set of steps workers in their 20s and 30s ideally should be considering now, even though those retirement years are decades away. Yes, something that far in the future is elusive, but setting…
Planning Retirement Finances–The Big Question
All of the strategies one works into the planning for financing those retirement years hinge on one basic question, and it’s a question that, really, virtually no one can answer with certainty. And it’s a very simple question: How many…