In certain situations, it’s clear who to call when there’s a problem you can’t solve. When a pipe breaks in your home, you call a plumber. When your car breaks down, you call a mechanic. When your pet is sick, you call the veterinarian. But what if you’re trying to determine how to invest your [...]
If you’re an employee whose company offers a 403(b) plan, it’s important to understand the difference between it and a 401(k) plan. Generally, nonprofit organizations such as schools and hospitals offer 403(b)s, though they may offer 401(k)s as well. For-profit companies may offer 401(k)s, but they are not allowed to offer 403(b)s. The similarities between [...]
You’ve been working hard toward retirement, and by taking a few last steps, you can help ensure you’ll be on the right track in your Golden Years. If you’re nearing the end of your career, here are four steps you can take now to get your finances ready. 1. Calculate your retirement needs. If you [...]
You may be physically and mentally ready to retire, but are you financially ready? The answer depends on a number of factors, including your health, your debts, and how well you’ve planned for retirement. When can I retire? There really is no “right” answer to this question as there is no magic number or dollar [...]
“Don’t believe anything you hear and only half of what you see.” I remember hearing that from my mom when I was growing up, and it still serves me well today. Some of the things you might have heard or read about Social Security may not be true. Here are five Social Security myths you [...]
It’s a common question: Should I borrow from my 401(k) to buy a house? With all that money sitting untouched in an account, it can be tempting to loan yourself some cash for a down payment on the home of your dreams—but is it a good idea? The answer depends on your circumstances, but there [...]
If you’re approaching your golden years, how confident are you that you can live comfortably? If you’re worried that you might outlive your money, you have plenty of company—43 percent of retirees aren’t entirely sure they’re financially prepared, according to the Employee Benefit Research Institute. Thankfully, you don’t have to lie awake worrying about it. [...]
It’s time to start thinking about New Year’s resolutions, and you may want to put saving for retirement at the top of your list. I’ve found that for many people, saving for retirement isn’t a priority. If you’re young, you might think that retirement is years away and you have plenty of time to save. [...]
When you decide you’re ready to save more money, it’s natural to focus on certain items: refinancing your house, selling a car, or cutting back on going to restaurants. Those are often great ways to get ahead on your savings quite quickly. However, if you want to start slowly, building your savings without feeling the [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. On this week’s WSB radio show, Ilyce discussed what matters most when your kid gets in a car accident, how the declining gas prices will impact the economy and a unique way to stabilize your retirement portfolio with an untapped reverse mortgage. If [...]
