It’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.
Posts Tagged ‘retirement plans’
Save for Retirement or Enjoy Life Now?
July 15, 2011Individual 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.
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.
5 Out of the Box Ways to Make Money for Retirement
February 8, 2011You’ve cut your cable, phone plan and insurance policies. You’ve trimmed daily expenses until you can trim no more. Yet, you still don’t have enough to live comfortably during your retirement years. Certified Financial Planner, Joel Ohman, writes about the other side of your budget planner – income – and shares five out of the box ways to make money as a retiree.
Make Your Savings Automatic
February 26, 2008Tip #2: Put your money on auto-pilot and set up automatic deposits into savings, retirement plans and investments. If the money isn’t there in the first place, you’ll be less tempted to take that cash you had slated for savings and spend it. Your employer or bank can help you set up several automatic deposit [...]
