Retirement Planning

Earlier we found a way to zero in on what it’s going to cost you to live after you retire. Now let’s figure out what your inflow is going to be once you cross the finish line at work. Retirement income has three components; pensions and social security, passive investment income and active employment. Your […]

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Even though 2014 is just about over you still have plenty of time to execute smart IRA and 401k tactics before year-end. If you do so, you could save a lot of cabbage this year and make your retirement much more secure at the same time. No time to waste. Let’s get to it. Match […]

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Let me get right to it. You should never worry about retirement. Never. Life is too short to waste time worrying. This is not to say you shouldn’t think about your financial future. Quite the contrary. No matter how young you are, it’s always good to plan ahead.  But you shouldn’t worry about it. Redefinition […]

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There are many benefits to delaying Social Security benefits but there are also some serious drawbacks. If you push back on the start date your eventual benefit will be larger. And since it is larger, your cost-of-living increases will be calculated from a larger base and hence the annual increases will be larger too. And […]

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You have a lot more in common with people who are millionaires than you think. It’s true that sometimes the rich have pricier homes, cars and vacations. But when it comes down to the really important things – like health, family, general level of happiness and sense of well-being, being mega-wealthy just doesn’t matter. I […]

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Normally it’s brilliant to take advantage of and make contributions to your 401k.  When you do, you get an immediate tax break (unless it’s a Roth 401k) and you build up a nice retirement nest egg for yourself to boot.  Not bad.  But there are 3 situations where making contributions to a 401k is a […]

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