Have you considered socking away money for retirement in an IRA? If so, do you know which kind of individual retirement account is right for you – i.e. traditional or Roth? David Young explains the basics of both the traditional IRA and Roth IRA, and helps you where to put your savings.
Posts Tagged ‘401k’
To Defer or Not to Defer; The Ultimate Pre-Retirement Question
April 7, 2011Should you fund your retirement plan (401(k), IRA and Roth IRA), or not? Which plan? How much? As a Certified Financial Planner, these are the most common questions I am asked by clients, workshop and webinar attendees. Ask three people and you’ll probably get three different answers. Here’s my answer (and it is sure to be different as well).
The Gardener’s Guide to Growing Money Slowly
March 24, 2011What can gardening teach us about our finances? Like the rest of our lives, gardening involves making choices. Most of us don’t have unlimited grounds and money to create our perfect garden. We have to choose between vegetables and flowers, between grass and gardens. But most gardeners understand that the process is the crux. Try something this spring, evaluate in the fall and during the winter create a plan to improve the garden next spring. Certified Financial Planner, Tammy Kraig, explains how our financial lives can benefit from the same attitude.
Should You Contribute to a 401(k)?
March 16, 2011It’s one of the fundamental rules of financial planning: you must save for retirement. But what is the best way to do it? Most people have access to a “defined contribution” retirement savings plan through their employers, like a 401(k). Here’s what it is, if you should contribute to one and other retirement savings options.
Improve Your Future; Start Planning Now for Your Next Job
December 17, 2010As an independent Certified Financial Planner with more than 20 years experience, I’ve noticed a couple of emerging patterns, such as the large number of people who have nothing saved for retirement and no spare money to invest or those who are young and may be able to use flexibility to get ahead. At first glance, it may seem that there is little some people can do to change their lives. They may be single mothers with young children, have consumer debt or have low-paying jobs with no ladder to climb. It appears to be a dilemma. Here’s how you can improve your situation.
5 Tips to Get Your Financial Life Ready for the New Year (Part 2)
December 14, 2010In part one of this article, we looked at some key “to do” items to get your financial house in order in time for the new year. In addition to monitoring your credit, debts and savings, there are also some smart moves you can make to save on 2010 taxes and improve your long-term cash flow by re-thinking your home loan.
5 Financial Opportunities to Take Advantage of before 2011
December 2, 2010The new year is quickly approaching, but there’s still time to get your personal finances in order. Act quickly though, as there are some financial perks in 2010 that will go away or change in 2011. Certified Financial Planner John D. Buerger covers what those perks are and how you can take advantage.
Smart Investing: Don’t Lose Money!
October 5, 2010We’ve all been told that in order to create wealth we must take risks and invest, invest, invest. The problem is many people are losing money. And, though some recover from losses (and some never do), losing money has a much greater negative impact on your wealth than gains do. Find out about one investing method that allows you to not only hang onto your money, but grow it too.
Financial Advice for 20-Somethings: Retirement Savings
March 10, 2010As a 20-something, I’m finding more often than not that I’m in great need of guidance when it comes to financial decisions. Thankfully, I have people within my reach that are much more money-savvy than I. They’re who I turn to with any and all of my questions about managing money. With a little help [...]
