Retirement

Retirement Planning Assumptions And Myths

Retirement Planning Assumptions And Myths

Retirement Planning Assumptions and Myths   Whenever one plans for the future, it is often based on myths that one has heard from others that are taken as fact and/or assumptions that they have made.  The only assumption that is guaranteed to come true is – none...

Tax efficiency tips for your retirement

Tax efficiency tips for your retirement

One of the major benefits of saving for your retirement through a qualified retirement savings account is that your money can grow tax-free. However, sooner or later, you will be responsible for paying taxes on your wealth, such as paying taxes on a withdrawal from...

What you need to know about the Social Security increase in 2021

What you need to know about the Social Security increase in 2021

Every October, the Social Security Administration (SSA) reveals changes for the upcoming year. This is mainly done to adjust the benefits payable to be in line with the average cost of living. It is important for everyone to keep up with these changes to understand...

What is a qualified retirement plan?

What is a qualified retirement plan?

In 1974, the United States enacted the Employee Retirement Income Security Act (ERISA) to protect workers’ retirement income and offer more information and transparency with how their plans work. Two types of retirement plan categories emerged as a result: qualified...

Including an IRA into your retirement planning

Including an IRA into your retirement planning

If you are one of the many people who want to save up to reach their dream retirement, then you need to consider all your options. If your employer offers a workplace retirement plan, such as a 401(k), then that is a great way to save and grow your wealth. However,...

How investment risk tolerance affects your retirement planning

How investment risk tolerance affects your retirement planning

Most financial planning experts agree that you should start saving for your retirement as soon as possible if you ever want to reach your retirement goals. The first dollar that you save and invest is the one that produces the greatest return over time. How much you...