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.
Paying off your debt and saving for retirement are two, very big priorities in your financial life. Unfortunately, many of us have a difficult time choosing which one is more important. However, if you’ve been wrestling with the choice, the good news is that you don’t have to. It is possible to save for retirement and get rid of debt at the same time with some good money management.
If you care about your health you get a checkup by your doctor once a year. The same idea should be applied to your finances. Evaluating your financial standing annually will help keep your money and assets healthy, and ensure you’re on track with managing your money.
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.
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.
Having a retirement decumulation strategy can be vital if you want to live comfortably in your golden years without worrying about the money have have set aside for retirement.
The decision for Dad to stay home isn’t always an easy one. The choice means your family must survive on one income, and must overcome stereotypes of stay-at-home fathers as less manly and unable to provide. In order to make it work both socially and financially, it’s vital to have open communication with your partner, along with a great budget. Here are a few tips to help manage your household as a stay-at-home dad.
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.