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Retirement Planning For The Stay-AT-Home Mom
By :
Stephanie Foster -
When you first plan on staying home with your children, probably the first thing you do is take a look and see if you can afford it. You cut back on cable TV, buy older cars, lose retirement benefits…
Whoops! Most moms don't seem to be thinking about what being a stay-at-home mom does for her retirement package. The years spent not working have a huge impact, however, when you decide to retire, so you need to plan now.
Let's start by looking at what you're losing for yo...
Using Your Health Savings Account To Build Retirement Savings
By :
Wiley Long
Health Savings Accounts are an excellent way to build a second retirement account. These tax-favored accounts, which have only been available since January of 2004, can be opened by anyone with a qualifying high-deductible health insurance plan. Once you open an HSA account, you can place tax-deductible contributions into it, which grow tax-deferred like an IRA. You may withdraw money tax-free to pay for medical expenses at any time.
The biggest reason more people don't re...
Ten Ways To Use Your Strengths, Gifts, Talents And Abilities In Retirement
By :
Cynthia Barnett
I’ve got to be honest with you, the greatest human failing is not being able to judge your own personal strengths, gifts, talents and abilities. In fact, if you’re like most folks, you spend way too much time identifying your weaknesses and spending all your time trying to overcome these imperfections. This is very detrimental to our spirit and totally takes away from your strengths and talents. If you’ve been doing this all your life, now is the time to stop! Being a success...
Where To Live When You Retire?
By :
Herb Lazarus
Among the many considerations you will have to take into account when pondering the question of retirement, selecting your location may be the most important. For many people, retirement will not be a static existence- the circumstances of life will probably mean that there will be several changes to your lifestyle and needs after you leave the work force. Most retirees will begin with a degree of freedom that they have never before possessed, with many options in terms of tr...
Ten Ways To Finding Your True Identity In Retirement
By :
Cynthia Barnett
There are definite benefits to having an identity in life. By knowing your identity, you are better able to accomplish your goals, whatever they may be. Well, this is especially true during your retirement years. By knowing who you are and what you need to accomplish in life, you'll gain a sense of confidence and pride, and your life will have precise meaning. You won't feel as though you are living an unfulfilled life. In this brief article, we'll discuss 10 ways to find you...
Financial Considerations For Retirement
By :
Herb Lazarus
It is important for everyone to keep in mind that retirement is an inevitability. Whether or not we are ready for it, there will come a time in our lives where we can simply no longer function at the level we need to in our jobs and will have to leave. Retirement is a part of life that will require careful planning in terms of finances; it is quite a prospect for most people to consider that they will have no job as a source of income during their later years, when in fact th...
10 Ways To Remain Connected During Retirement
By :
Cynthia Barnett
One of your biggest fears of retirement may not be giving up the hustle and bustle of the working world but remaining socially connected. After all, with your coworkers, you have likely made some close personal friendships. You likely treasure them and consider them as closer (if not closer) than your family members and other friends outside the work force.
Well, we’re here to tell you that you don’t need to feel this way. You can still maintain these friendships and devel...
Choosing An Active Adult Community
By :
Robert Flournoy
Taking the plunge into retirement or semi-retirement can be daunting enough without making the choice to move into a new home at the same time. But many people age 55 and above are choosing to leave their high maintenance or too large family home to move into active adult communities, which are restricted to households with at least one member age 55 and older.
According to the 2005 Senior Sentiment Survey conducted by Financial Freedom, the nation’s largest reverse mortga...
One Less Furrowed Brow For 401k Plan Sponsors
By :
Lawrence Groves
There was a sneak preview of the Dept of Labor's preliminary guidance on setting up 401k default investment options. These situations occur when 401k participants fail to select an investment option for their 401k contributions or a 401k default fund is used in 401k plans with automatic enrollment features.
Currently, 401k plan sponsors are rethinking their default fund decisions because they are concerned about the risk associated with their fiduciary responsibility and a...
Roth 401k – New Retirement Savings Plan.
By :
Simon Fox
Brand new employer sponsored retirement plan is a hybrid of a traditional 401k and a Roth IRA.
Income tax rates have been cut, the marriage penalty done away with, and the "death tax" is also on a path to no more. All of this is a result of the Bush administration's Economic Growth and Tax Relief Reconciliation Act which was passed by a Republican congress in 2001. Another provision of that act went into effect on January 1st, 2006, a hybrid of a traditional 401k and a tra...
10 Ways To Transition Yourself Into Retirement
By :
Cynthia Barnett
Let’s be completely honest. Everyone has their own dreams and expectations about retirement. Upon retirement, some folks plan to travel around the world while others simply plan to take excursions to their local beach. Whatever the retirement plan that you may have, being able to implement your goals takes a certain degree of financial security. The problem however is that financial security does not just happen but requires careful planning, commitment and yes, money.
To ...
Planning For Your Retirement Tips
By :
Tim Renolds
When you are planning for your retirement, a 401K plan is a good place to start. This a very special account that you fund with pre-tax earnings and is deducted from your paycheck each pay period. These funds are then invested in a variety of bonds, mutual funds, and stocks, and no taxes are charged upon it until the funds are withdrawn from the account. Congress created this in the early 1980’s and is used as a vehicle for saving for retirement. There are many benefits of a ...
10 Steps To Save Your Retirement
By :
Lawrence Groves
Many of the brightest and hardest-working marketing and advertising people in the country are obsessed with getting you to spend money and, if necessary, to go into debt to do so. Absolutely all the media that reach you every day are designed to get you to spend money. In order to save money in this environment, you will need determination to withstand the constant pressures to spend now.
What is it that separates those who are successful from those who are not?
Success...
Consider Early Retirement Carefully
By :
Analeese Burnabaker
Most people, even if they love their jobs, perk up at the thought of early retirement. They can quickly come up with a list of many reasons why they would be crazy not to take an early retirement if it was offered to them. There are many great things about taking an early retirement, that is for sure, but there are some things you should consider carefully before you decide to end your working career.
The benefits of early retirement seem obvious. Not having to work full-t...
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