Certified Financial Planner Heidi Davis explains what an Individual Retirement Account is, how it might benefit you and how to choose which kind of IRA is right for you.
Posts Tagged ‘retirement plan’
Boost Your Retirement Savings with Individual Retirement Accounts
September 1, 20113 Ways to Catch Up on Your Retirement Savings
August 5, 2011It’s best to start saving for retirement as soon as you start working. Even if you’re only part-time, you should put away what you can from each paycheck. Every little bit helps and will add up over time. If you weren’t able to start saving early like this, however, it’s not too late to get back on track and begin saving now. You may need to make some adjustments in your lifestyle today to accommodate for tomorrow, but there’s still time.
Save for Retirement or Enjoy Life Now?
July 15, 2011It’s typically a joke you hear your parents say: “We’re spending your inheritance, but we’re having fun while doing it!” Couples and individuals of all ages contemplate whether they should focus on putting away money for their retirement years or spending the money now on things they love doing, like traveling, charity or buying a dream home. We cover ways to strike the balance and how to figure out if you’re saving enough.
Is an Annuity a Good Investment?
July 13, 2011Certified Financial Planner Kevin Worthley explores the pros and cons of insurance annuities, and whether they make a good investment in the current economic climate.
Individual Retirement Accounts: Which Flavor Works for You?
July 6, 2011Have 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.
Retirement: Dreaming Is Okay, But Realistic Planning Is Better
June 7, 2011We’re all aware of inspiring adages such as, “Follow your dreams and the money will follow,” or, “Anything you can imagine, you can do,” or, “Reach for the highest star.” While it is important to have hope and inspiration to achieve as much as you can, a problem may arise if dreaming of achieving distant goals becomes a form of avoidance and procrastination. Yes, you still can write that novel that Hollywood will buy for an insane amount of money. And, yes, you can still start that wevbsite that generates millions. Keep working at it, but also make sure you also have a realistic view – and plan – for your future
9 Things to Consider When Planning for Retirement
April 21, 2011To achieve your own retirement dreams later in life, it helps to have an idea of what your situation might ideally look like in retirement so you can plan ahead and make sure your retirement years are secure. Certified Financial Planner Heidi Davis explains.
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).
How to Manage Your Money after Retirement
March 22, 2011You’ve worked hard for a lot of years and the day has finally arrived. Your office mates threw you a party. You packed up your belongings. And you drove away from work for the last time. You did it. You retired. For many people, retirement means freedom. And while retirement does bring some freedoms, some restrictions come with it, too. In order to manage your money well after retirement, you will need to find a good balance between the freedoms and restrictions.
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.
Take Advantage of an Empty Nest to Built Your Retirement Fund
March 2, 2011Many parents find themselves with extra money when their kids leave for college. But instead of hunkering down and putting those extra funds toward retirement, more than half of adults increase their spending and ignore the future. We give you helpful tips that will allow you to have fun with your hard-earned money and even splurge a little bit, but also save for retirement and secure the days ahead.
