Tax deferrals that most IRAs, retirement and profit-sharing plans are afforded don’t last forever. Whether you’re ready for retirement income or not, IRS rules require that you start drawing down your savings from certain types of accounts when you reach a certain age.
There are many reasons why you may not have already started saving for your retirement. But it’s not too late. You can still build a comfortable nest egg if you make a plan. Here are a few tips that can help you secure your financial future.
As retirement grows closer, you may now be asking if your contributions are enough to meet your retirement goals. If so, you’re not alone. Nearly a quarter of all Americans say saving for retirement is one of their biggest worries when it comes to money.
Whether that’s traveling, taking up a long-desired hobby or spending more time with the grandkids, you’ll be able to enjoy a lot more of life than when you were working. However, without a career to structure your days, you may find you have an abundance of time on your hands. Many seniors choose to fill that void by volunteering. Not only is it a great way to give back to your community, but it also offers you many personal benefits.
As you get closer and closer to retirement, you may be wondering how you can maximize your retirement money to make sure it lasts through your golden years. Here are some ideas to get the most out of your nest egg.
If you’re a person in your late thirties, forties, or fifties who cares for children and your aging parents, you’re part of the “Sandwich Generation.” It also means that you have a lot of financial obligations on your plate. In order to make ends meet, keep your stress low and prepare for the future, you need to have a plan for balancing your finances. Here are 5 tips to help you take control.
Annuities can be used to help you generate income and provide the opportunity for growth of your annuity while protecting it from market downturns. To help you understand annuities better, here are 6 misconceptions you may have heard about them.
Every March, millions of people become obsessed with filling out their brackets for the NCAA Men’s Basketball Tournament. Making those selections are often well researched, thoughtful decisions. In fact, how you approach your tournament choices can help guide the way you handle your retirement savings.
Make sure you’re properly prepared for your golden years by equipping yourself with the knowledge to make a sound, financial decisions for the long term. Here are some tips to help you plan for retirement.
When you see a senior deal advertised, most of the time all you have to do is show a photo ID to prove your age. Sometimes you may need to take a couple minutes to fill out a free form for a store membership program. If you don’t see discounts offered, make sure to ask.