Withdrawal Sequencing Strategies: Excerpt from The Smartest Money Book You’ll Ever Read Dan Solin is out with a new book, “The Smartest Money Book You’ll Ever Read,” in which he answers some of your top retirement and retirement strategy questions. Most people have their retirement funds in various accounts—401(k) plans, IRAs, annuities, taxable accounts, and pensions. The sequence in which [...]
Pay Yourself First: Excerpt from The Smartest Money Book You’ll Ever Read Dan Solin is out with a new book, “The Smartest Money Book You’ll Ever Read,” in which he answers some of your top retirement and retirement strategy questions. “Putting money away systematically is the best way to “dollar cost average” and save for retirement.” [...]
It’s safe to expect that you will live 10, 15, or even 20 or more years into retirement. For this reason, most of us know it’s important to save for retirement and to diversify our retirement portfolio. However, relying on Social Security payments and regular savings accounts alone is generally not going to be enough [...]
You’ve probably imagined that the first day of your retirement life is going to be wonderful. No alarm clock waking you up, no deadlines, nowhere to be. You can enjoy your morning coffee at your leisure, take a sunrise stroll around the neighborhood, create a new morning routine—essentially, you can do anything you want. The [...]
Retirement strategy now is nothing like it was 100 years ago, and for today’s college graduates the retirement outlook is even more uncertain. Gone are the days of relying on Social Security to provide for a comfortable retirement. For many of my baby boomer clients, Social Security provides a nice cushion for retirement savings but [...]
Should you make your contributions into a Roth 401k (post tax money) or make contributions to a non-Roth 401k (pre tax money). Q: My husband and I are trying to determine whether he should continue to make retirement contributions into a Roth 401K or whether he should resume contribution to a regular, tax deferred 401K. [...]
Today we’ll continue taking a look at the gender gap in retirement strategy. Women tend to need more money than men in retirement because on average they live longer, have more healthcare expenses, and often make less money in their working lives than men do. In addition to financial options—such as saving more, delaying retirement, [...]
When it comes to retirement security and retirement savings, women are often at a disadvantage. Retirement, as it turns out, is much more expensive for women than for men. Women live longer than men and so have higher healthcare costs in retirement. Plus, working women tend to earn less than men, with fewer dollars saved. [...]
Today it is more important than any time in the past to prepare your retirement savings plan. Deciding how much you need to have saved by the big day so that you can live comfortably is not always easy. Here are some great tips to help you calculate your retirement date. Step One: Determine your [...]
2011 is flying by, and before you know it we will be ringing in the new year. However, you still have time to save enough funds to max out your 2011 retirement savings account contributions. Here is a look at what you need to know. Using year-end retirement contributions to lower your taxable income If [...]
