Retirement
11 min read
04 Oct 2022
10 Expenses to Include in Your Retirement Budget
Retirement planning can be a bit complex. There are multiple factors to weigh in, right from healthcare and inflation to estate planning, business succession planning, tax planning, and more. Given the complexity and magnitude of things necessary for a comfortable retirement, starting planning from a young age is also essential. However, the main drawback to […]
10 min read
14 Sep 2022
5 Reasons to Start Retirement Planning Early
The average retirement age in America is 63. This may seem like many years in the future if you are in your 20s. However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. It can take several years to understand your future needs […]
10 min read
03 Aug 2022
Prohibited Transaction Rules and Investments in IRAs
Individual Retirement Accounts (IRAs) are one of the most popular investment vehicles in the United States. They are tax-advantaged retirement savings accounts that offer tax-deferred growth and allow you to lower your tax bill either in the present or the future. You can invest in a wide range of investments, from stocks and bonds to […]
8 min read
29 Jul 2022
Can You Have a 401(k) and a Roth IRA?
401(k)s and Roth IRAs are some of the most commonly used retirement accounts. Some opt for a 401(k) account simply because it comes with the advantage of getting an employer match, while some go for a Roth IRA account to be able to make tax-free withdrawals in retirement. Both Roth IRA and 401(k) accounts come […]
11 min read
14 Jul 2022
How Do Social Security Benefits Work When You Retire?
Social Security is a federal program in the United States run by the Social Security Administration (SSA). Under the program, retirement benefits and disability income are provided to qualified people including their spouses, children, and survivors. A person must be at least 62 years old and have contributed to the Social Security program for a […]
8 min read
09 Jun 2022
A Guide to the Roth IRA 5 Year Rule
The Roth IRA (Individual Retirement Account) is a tax-advantaged retirement savings account wherein you contribute after-tax dollars, earn tax-free growth, and make tax-free withdrawals (subject to fulfilment of certain conditions). The Roth IRA is a popular retirement savings vehicle along with the 401(k) and the traditional IRA. It was first established in 1997. To make […]
5 min read
31 May 2022
7 Steps To Protect Your Retirement Assets and Income
Planning for retirement is arguably the most difficult part of financial planning. It requires you to not only grow your corpus but also find ways to protect it from external factors such as market volatility, inflation, etc. So, if you’re approaching—or have already reached—retirement, it’s critical to consider how to secure your savings and assets […]
7 min read
17 May 2022
5 Ways You Can Maximize Your 401(k) Retirement Account
A 401(k) plan is an employer-sponsored retirement savings plan wherein employees can make pre-tax contributions to reduce their taxable income in the present, but must pay tax at the time of making a withdrawal. It is one of America’s most popular tax-deferred retirement accounts wherein employers may match employee contributions. There are two kinds of […]
12 min read
13 May 2022
Pros and Cons of a Roth IRA Conversion
If you have been planning for your retirement, you may have come across several types of savings and investment accounts. The two most popularly used include the 401(k) and the Individual Retirement Account (IRA). For decades, retirees have relied on these to save for their future expenses. While the 401(k) is a company-sponsored plan that […]
8 min read
25 Apr 2022
4 Types of Retirement Plans To Know
Retirement planning is a critical aspect of financial planning. The earlier you begin, the more likely you are to reap higher rewards. Retirement planning outlines retirement income goals, as well as the actions and decisions necessary to achieve them. It entails identifying sources of income, creating a budget and a savings plan, and managing your […]
9 min read
28 Feb 2022
Is $1 Million Dollars Enough for Retirement?
In the past, having a nest egg of $1 million was thought to be a financial goal to aspire for when it came to measuring retirement planning success. It was deemed to be a sufficient amount that you could live on comfortably and leave a legacy for your heirs. For some, this still may be […]
11 min read
19 Dec 2021
Can You Open a Roth IRA After You Turn 60?
Retirement is a time in life that a lot of people look forward to. Life is a lot more relaxed after retirement as the stress and deadlines of work are no longer there. You can use this time to pursue hobbies, travel the world, catch up with friends and family, and live a relaxed and […]
12 min read
15 Nov 2021
Ten Retirement Investment Strategies You Need to Know
Many Americans spend their lives saving and planning for their golden years. But financial security in retirement does not happen at once. You need to put in years of planning, savings, and wise investments to ensure you can live a financially comfortable retired life. Alarmingly, only 40% of Americans have calculated how much they need […]
14 min read
01 Nov 2021
FIRE (Financial Independence, Retire Early) as a Retirement Strategy
As you begin your 9 to 5 job, it is highly recommended that you also start working on your retirement plans. A journey where you consistently work hard to accumulate a significant corpus for your non-working years of life. Earlier, people worked hard to save until their official retirement age, usually 65 years. However, given […]
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The blog articles on this website are provided for general educational and informational purposes only, and no content included is intended to be used as financial or legal advice. A professional financial advisor should be consulted prior to making any investment decisions. Each person’s financial situation is unique, and your advisor would be able to provide you with the financial information and advice related to your financial situation.