Tag: retirement planning
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Actionable Strategies to Make Your Retirement Assets Last Longer
The importance of retirement planning cannot be stressed upon enough. Considering the increase in the number of centenarians in America, a person who retires at the age of 60, may have another 30-40 years of living without an income. Moreover, women generally live longer than men, adding some more years to their retirement. You must ... -
Surprising Money Statistics That You Need to Know
People spend their entire lives in the constant endeavor of building wealth. Money drives the world. It is, thus, necessary to have a sound understanding of the methods to earn and invest money. Moreover, there are also some other surprising money statistics that you should always know and keep a tab on. The more you ... -
Things You Need to Know About IRA Beneficiary Designation
An Individual Retirement Account or IRA is an integral part of any financial planning. Not only does it ensure time savings for a relaxed post-retirement life, but it also provides many tax benefits. Most people are wise enough to open an IRA early in their careers. However, they put off one crucial task – naming ... -
The Dos and Don’ts of Financial Planning
Financial Planning is like laying out a road map for the future. It not only helps you plan your finances but also gives you a direction in life. Studies show that people who engage in financial planning are much more organized and efficient in financial matters. A lot of us do not consider planning for ... -
5 Steps for incorporating Healthcare in Retirement Planning
Financial Speaker and author, Robert Laura, once stated, “A successful retirement isn’t one without problems, but one in which you learn to overcome them.” Deteriorating health is considered to be a major problem associated with old age, but it is also inevitable. This is why healthcare goals should be an important part of your retirement ... -
The Best and Worst States to Retire in
Retirement is a golden period. You no longer have to wake up early and go to work. You do not have to sweat it out and meet deadlines. The kids are settled and can take care of themselves. You really are on your own, living your life in a blissful, slow, and steady fashion. If ... -
Shedding Light on The Myths of Retirement
Certified financial planner, Mark Singer, wrote in his book, The Changing Landscape of Retirement – What You Don’t Know Could Hurt You, “I feel that one of the most important lessons that can be learned is that what we “see” may be different than what is actually in front of us.” Retirement planning can be ... -
How to Get Entirely Tax-Free Retirement Income
Retirement planning in itself is a task that is dreaded by many. It is not just about making a decision; it is also about financially planning for it. The goal is to save as much as you can. And while you are at it, getting tax-free retirement income tops the priority chart. There is an ... -
How to make Health Insurance part of your Retirement Planning
It is a universally accepted fact that health is wealth. Naturally, health should be of prime importance when planning for retirement too. As one ages and nears retirement, the body is more prone to medical issues. If you are wondering why it is important to include health insurance in your retirement planning priority list, here ... -
How to Rollover your 401(k) in 5 Easy Steps
In simple terms, rolling over 401(k) is transferring one’s retirement account money to a new Individual Retirement Account (IRA) or a new plan. People usually do this while moving to a new employer. The State allows you to rollover your 401(k) only once in every 12 months. Usually, when you leave a company, your old ...