Dept is a problem that has reached epidemic proportions in the US. A 2009 study conducted by the public policy research group Demos, showed that the average American aged 65 or older carries a credit card balance of $10,235, this is up by 26% compared to four year ago. If you are pushing retirement but you… [Continue Reading]
When can I take money out of my 401(k)?
March 2, 2010 By
A 401k is a tax deferred retirement savings account which allows an individual to save for retirement on a pre-tax basis. Not only are the contributions tax free, but as the account balance grows, the interest income is also tax free. The 401k balance is not taxed until the owner of the account begins to… [Continue Reading]
Six ways to save money as a employee in 2010
February 10, 2010 By
Since the beginning of the new year, employee benefits have maintained or increased and should continue to do so as the year rolls out. Taking advantage of these benefits can keep money in your bank and out of the hands of bill collectors. Perhaps the most notorious benefit of being an employee are premium HMO,… [Continue Reading]
Age-Weighted Retirement Plan
November 15, 2009 By
An age-weighted retirement plan is a relatively new innovation that alters the process of calculating contributions to a retirement plan. The current age of the employee is taken into consideration when calculating his contributions. Financing this plan involves profit sharing among eligible employees, as each involved in this specific program have a say in how… [Continue Reading]
Contributing to your 401(k)
December 7, 2008 By
A 401K is a popular savings plan that accumulates money towards retirement. Most consider a 401K to be a straightforward way to save for retirement, and it is ideal for individuals who do not want to make risky investments. These long term plans are generally available only through an employer. The employee must indicate how… [Continue Reading]
A Look at Fixed Investments
March 8, 2008 By
Fixed investments are an important component of an investor’s portfolio, both while they are building wealth and while they are generating income from their investment portfolio. Some of the primary forms of fixed investments include fixed annuities, individual bonds, bond funds, CDs, and investment certificates and each of them fulfill an important role when developing… [Continue Reading]
Creating Income in Retirement
February 12, 2008 By Leave a Comment
If you are preparing for retirement, one of the largest adjustments that you will face is that your regular paycheck will stop, causing you to rely on other income sources. While you will not being paid from your employer, you will have the opportunity to create your own paycheck from investments. Understanding some of the… [Continue Reading]
