Posts Tagged ‘401k’

Do Our Biases Inhibit Our Retirement Savings Efforts?

Friday, August 5th, 2016

Picture an 18-wheeler, its 4,000-cubic-foot cargo trailer filled to capacity with stacks of $100 bills. The driver shuts and locks the trailer, closing the door on roughly $10 billion. Now imagine that truck driving off to a landfill, where that $10 billion will be dumped, shredded and buried, rendered...

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What Are Catch-Up Contributions Really Worth?

Wednesday, June 15th, 2016

At a certain age, you are allowed to boost your yearly retirement account contributions. For example, you can direct an extra $1,000 per year into a Roth or traditional IRA starting in the year you turn 50.1 Your initial reaction to that may be: “So what? What will an...

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What are the Hallmarks of a Happy Retirement?

Tuesday, May 31st, 2016

There is no absolute answer to that question, but there are some factors that may make retirement more rewarding. The more control you have over when and how you retire, the happier you may be. In surveying retirees for their data-grounded book The Retirement Maze, authors Rob Pascale, Louis...

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Retirement Now vs. Retirement Then

Thursday, March 10th, 2016

Today’s retirees must be more self-reliant than their predecessors. Decades ago, retirement was fairly predictable: Social Security and a pension provided much of your income, you moved to the Sun Belt, played tennis or golf, and you lived to age 70 or 75. To varying degrees, this was the...

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White House Proposes Changes to Retirement Plans

Wednesday, February 3rd, 2016

Will workplace retirement plans be altered in the near future? The White House will propose some changes to these plans in the 2017 federal budget, with the goal of making such programs more accessible. Here are some of the envisioned changes. Pooled employer-sponsored retirement programs. This concept could save...

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The Chapters of Retirement

Tuesday, February 2nd, 2016

The journey to and through retirement occurs gradually, like successive chapters in a book. Each chapter has its own things to consider. Chapter 1 (the fifties). At this stage of life, retirement becomes less like a far-off dream and more like a forthcoming reality. You begin to think about...

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Fall Financial Reminders

Wednesday, November 11th, 2015

As every calendar year ends, the window slowly closes on some notable financial deadlines and opportunities. Here are several to keep in mind before 2016 arrives. Don’t forget that IRA RMD. If you are older than age 70½ and own one or more traditional IRAs, you have to take...

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Are You on Target to Reach Your Retirement Goals?

Thursday, October 22nd, 2015

October 18-24 is National Save for Retirement Week – a reminder of the importance of saving and investing with the goal of a comfortable future. Are Americans saving enough for tomorrow? All kinds of articles will tell you that Americans are not. Those articles may not be telling the...

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What Are My Retirement Plan Distribution Options?

Tuesday, August 4th, 2015

When changing jobs or leaving employment, decisions you make about taking money from your plan can have serious tax consequences. Here’s what you need to know.   Consult with your investment advisor or tax professional before deciding on any distribution option. Disclosure: This material was created for educational and...

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Don’t Eat the Marshmallow!

Tuesday, June 23rd, 2015

Having more self-control than a preschooler can lead to more rewards. Fifty years ago, psychologists at Stanford University conducted an experiment on preschoolers. During this test, researchers placed youngsters in individual rooms and asked each child to sit down in front of a tray containing one marshmallow. The child...

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