All Entries in the "Retirement" Category
5 smart ways to cut your 2010 Taxes
Do you fancy yourself a tax wizard or novice? Either way, this article will help bring some little known tax breaks to light. Remember, preparation is KING! The more you plan for your annual tax return the greater benefits you will accrue. Boost your saving for retirement: To obtain the biggest tax break possible, you [...]
The Basics of a Roth IRA
When it comes to retirement savings plans, the Roth IRA (Individual Retirement Account) is one to consider. Established in 1998, the Roth IRA was created as a result the Taxpayer Relief Act of 1997. And it’s intended to do exactly that – offer tax relief. Unlike most traditional retirement accounts, the earnings on a Roth [...]
The 411 on 401(k) Loans
In our current economy, it’s not uncommon for folks to scramble to make ends meet. To pay the bills – or unexpected expenses – “robbing Peter to pay Paul” has become the mantra of many. For many of us, that means borrowing from our 401(k). According to Kiplinger’s, Fidelity recently released a report that confirms [...]
Retirees and Financial Scams
Unfortunately, senior citizens are often the targeted victims of con artists. In general, senior citizens invest their savings, own a home, and have good credit; it is this high financial standing that makes them particularly attractive targets for criminals. If you know what to look out for, though, you can protect yourself from these criminals. [...]
Considering converting to a Roth IRA? Do it before Dec. 31, 2010!
Converting to a Roth IRA has a deadline this year – December 31, 2010. Here’s why! The $100,000 income limit to convert to a Roth IRA has been lifted, allowing everyone who is eligible to convert. A conversion is typically reported as income for the tax year it takes place, but during 2010, you can [...]
Taking Over Financial Matters for Aging Parents
Taking care of an aging parent is the reality currently facing a majority of the Baby Boomer generation. According to Forbes, when it comes to caring for aging parents, planning and preparation are key – especially when it comes to finances. Taking over the financial role of your aging parent may be difficult, and you may [...]
3 Things to Square Away Before You Retire
Congratulations, you have worked hard for many years of your life and now it’s time to retire. Whether you are looking forward to staying home and relaxing, traveling the world, or a little bit of both, be sure you don’t face unexpected stresses in your most golden years. Here are three important items to make [...]
Changing Jobs? Don’t Forget Your Retirement Savings
When you leave your job, you are usually careful to pack up all of your belongings take them home with you. But what happens to your 401(k) or other employer-sponsored savings plan when you leave? Don’t forget to take your nest egg with you too! You have several options when it comes to handling your [...]
