Savings and Investing

Smart Financial & Insurance Moves for New Parents

Smart Financial & Insurance Moves for New Parents As you start a family, consider these ideas.   Being a parent means being responsible to a degree you never have been before. That elevated responsibility also impacts your financial decisions. You are now a provider and a protector, and that reality may make the following financial moves necessary. Think about a budget. As a couple, you may have lived for years without budgeting. As parents, this may change. You will face new [...]

By |2019-01-14T10:00:28-05:00December 18th, 2018|Financial Fitness, Personal Finance, Savings and Investing|Comments Off on Smart Financial & Insurance Moves for New Parents

Good Reasons to Retire Later

Good Reasons to Retire Later Working longer might work out well for you.  Are you in your fifties and unsure if you have enough retirement savings? Then you have two basic financial choices. You could start saving and investing more of your pay than you currently do, or you could work longer so you have fewer years of retirement to fund.  That second choice might be more manageable, and it may also work out better financially. Research suggests that working [...]

By |2018-09-13T10:40:24-04:00September 6th, 2018|Retirement, Savings and Investing|Comments Off on Good Reasons to Retire Later

The Snowball Effect

The Snowball Effect Save and invest, year after year, to put the full power of compounding on your side.   Have you been saving for retirement for a decade or more? In the foreseeable future, something terrific is likely to happen with your IRA or your workplace retirement plan account. At some point, its yearly earnings should begin to exceed your yearly contributions. Just when could this happen? The timing depends on several factors, and the biggest factor may simply [...]

By |2018-08-24T11:23:57-04:00August 9th, 2018|Savings and Investing|Comments Off on The Snowball Effect

Annuities for Retirement Income

Annuities for Retirement Income Why seniors choose them, and what prospective annuity holders should consider.    Imagine an income stream you cannot outlive. That sums up the appeal of an annuity. If you are interested in steady retirement income (and the potential to defer taxes), you might want to look at the potential offered by annuities. Before making the leap, however, you must understand how they work. Just what is an annuity? It is an income contract you arrange with [...]

By |2018-06-29T12:31:13-04:00June 22nd, 2018|Retirement, Savings and Investing|Comments Off on Annuities for Retirement Income

Catch Up on Retirement Saving

Catching Up on Retirement Saving If you are starting at or near 50, consider these ideas. Do you fear you are saving for retirement too late? Plan to address that anxiety with some positive financial moves. If you have little saved for retirement at age 50 (or thereabouts), there is still much you can do to generate a fund for your future and to sustain your retirement prospects. Contribute and play catch-up. This year’s standard contribution limit for an IRA [...]

By |2018-06-08T11:28:01-04:00May 17th, 2018|Retirement, Savings and Investing|Comments Off on Catch Up on Retirement Saving
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