Learn how to set a financial goal that will set you up for a stress-free retirement
As parents, we all want to give the best to our children and make every possible effort in that direction. But when it comes to ourselves, we often neglect to take some basic steps toward ensuring our comfort and security. And make no mistake, just like your kids, we seniors have their special needs as …
Finding the Right Home For a Comfortable Retirement Read More »
Retirees often find themselves strapped for cash, so strapped that they might refinance their car loans, get a second or reverse mortgage on their homes, or take other steps to try and stay afloat. What many of these retirees don’t realize, however, is that, while these measures can be very helpful, where they’re living might …
Major US Cities Retirees Are Fleeing to Keep a Low Cost of Living Read More »
In 2019, enjoy a secure and comfortable retirement is far from a given. Whilst a recent poll of Canadians revealed that most people think they’ll need around $756,000 saved to enjoy a comfortable retirement, the fact remains that a shocking 32% of Canadians are nearing retirement without any savings whatsoever. If you’re one of the …
Your retirement years should be years filled with family gatherings, pleasant community events, and tons of freedom. Practically speaking, they also need to concern themselves with good healthcare options, reasonably-priced housing, and good access to senior services. The five cities on this list offer these amenities and more. Each has a little something different to …
As a self-employed person, you have more control over your retirement plan. One reason is because you get to choose your retirement plan. There are two plans that self-employed people commonly choose between: The solo 401k retirement plan; and The Simplified Employee Pension (“SEP”) IRA In this article, we’ll talk about the features of each plan. …
Solo 401k vs SEP IRA – what you should choose if are self-employed? Read More »
The 501(k) retirement plan is gaining a lot of traction as it claims to offer more advantages than the traditional 401(k) retirement plan. These claims have been backed up by the very person who created the 401(k) plan, Ted Benna, who says that Wall Street and Big Business debauched the 401(k) concept and it should …
When you have an employer-sponsored 401k retirement plan, it’s natural to worry about what will happen to it if you move jobs. Fortunately, this is not something you need to worry about because you have options. These options include: Leave the funds in your old 401k account Roll over the funds to your new employers …
What to do with an old 401k after leaving your job Read More »
Saving for retirement requires careful planning and commitment. And the earlier you start working towards making and saving money for retirement, the better. I mean, the last thing you want is to find that you don’t have enough savings to retire on. But with the cost of living constantly rising and the fact that now …
What is a long term care annuity and should you get one? Read More »
If you have a 401k retirement plan, there is the assurance that when you die, your loved ones will be taken care of financially. However, you need to make sure that the beneficiaries of your 401k plan can be able to access the money without any hassle. And this requires knowing how inherited 401k plans …
What happens to your 401k when you die? All about 401k inheritance Read More »
The following is a guest post from Brett Sause, an 18-year veteran of the financial services profession. Brett is CEO of the Atlantic Financial Group, LLC; and has been awarded both the National Quality Award and the National Sales Achievement Award from NAIFA. When it comes to retirement – and to passing on whatever wealth you’ve accumulated to a …
Are You Leaving Your Beneficiaries a Tax Time Bomb? Read More »
