Pros and Cons: Annuities in Retirement Savings Plans

Across the country, people are saving for retirement. It is true that many people lag behind when it comes to setting aside funds for the future, but despite this lag – where the typical couple aged 56-61 has only $17,00 set aside – there are many options available. Employer-sponsored plans, Individual Retirement Accounts (IRAs), and … Continue reading Pros and Cons: Annuities in Retirement Savings Plans

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Roth IRA Benefits: Should I Open a Roth IRA?

The Roth Individual Retirement Account (IRA) has been a valuable retirement savings plan since its introduction in 1997. The Roth provides several tax advantages, including both tax-free withdrawals and tax-free growth if certain conditions are met. Retirement planners across the country recommend Roth IRAs as an important part of the retirement savings process. Still, despite … Continue reading Roth IRA Benefits: Should I Open a Roth IRA?

3 Tips for Successful Retirement Planning (For Your Father)

Planning for retirement can never come too early. Young people across the United States haven’t begun to set aside money for retirement purposes, thinking it is simply too soon to start worrying about something that will take place 30 or even 40 years from now. Unfortunately, there are many Americans who have put off retirement … Continue reading 3 Tips for Successful Retirement Planning (For Your Father)

5 Things You Must Know About Retirement

No matter where we are in our careers, thoughts often turn to retirement. From the young person just starting out in the employment journey to the seasoned veteran who is counting the days until finally being able to retire in peace, the concept of retirement is filled with challenges, misconceptions, and even some surprises. Retirement … Continue reading 5 Things You Must Know About Retirement

Retirement Preparedness Plans: Are You Ready?

Most people understand that the future is uncertain. In most of our lives, we realize that preparing for the future is simply part of our existence. Retirement planning is a critical part of that overall preparedness process; setting aside funds for future expenses is a smart way to ensure security long after we are no … Continue reading Retirement Preparedness Plans: Are You Ready?

Does Your Business Offer One of These Retirement Plans?

Offering a retirement plan is often necessary for a business to attract and retain the best employees.  There are seven major types of retirement plans utilized by companies: Defined Benefit Plans Defined Contribution Plans Profit Sharing Plans 401(k) Plans Roth 401(k) Option Simplified Employee Pension Plans SIMPLE Retirement Plans Determining which type is best for … Continue reading Does Your Business Offer One of These Retirement Plans?

Protecting Retirement Assets: An IRA Rollover Review

Saving for retirement is one of those aspects that too many U.S. workers overlook. No matter how much one earns in a monthly or annual salary, none of that matters once retirement age is reached. On average, workers save far less for retirement than financial experts recommend, and this can lead to an unstable financial … Continue reading Protecting Retirement Assets: An IRA Rollover Review