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The #1 Tip for Successful Investing

The #1 Tip for Successful Investing

Investing is the means to reaching dreams—dreams people have at different stages of their lives. Younger people dream of lavish houses, luxury cars, elegant yachts, and traveling to exotic places. Older people dream of sending their children to top colleges, buying vacation homes, and a comfortable retirement. Simply put, investing is about the “meaning of […]

Are You Saving Enough for Retirement?

Are You Saving Enough for Retirement?

I was recently asked by a dad if his daughter should save into her 401(k) plus open an IRA. While they are both tax-deferred savings accounts, their savings opportunities differ significantly. Many people aren’t aware of the savings opportunity that a 401(k) or 403(b) plan allows. Often, they believe that they can only save up […]

Ranking the Top 3 High Yield Mutual Funds

Ranking the Top 3 High Yield Mutual Funds

If you’re worried that stocks are expensive again, well, they are. The current bull market is making a run at history. But it’s also costly to stay in cash (and lock in zero income). Fortunately, it’s possible to buy some downside protection with yield. I understand the “I’m worried so I’m sitting in cash” concern. […]

7 Ways to Catch Up if You're Behind on Saving for Retirement

7 Ways to Catch Up if You’re Behind on Saving for Retirement

The tendency when you feel like you are behind is to over-correct. Like when you are driving and hit a slick spot on the road in winter. Our initial reflex may be to crank the wheel the opposite way. Cranking your wheel can actually cause you to lose traction, making the situation worse. A safer […]

The First 5 Steps to Building Wealth

The First 5 Steps to Building Wealth

When you’re looking into getting a loan, you’ll see options for homes, cars, businesses, and even vacations. What you won’t see is a loan for retirement. Retirement is the one expense in the world you cannot borrow for, so building wealth throughout your career is essential if you ever want to reach financial independence. Here […]

Retirement Through the Decades

Retirement Through the Decades

Retirement’ is defined, according to the Merriam Webster dictionary, as the withdrawal from one’s position or occupation or from active working life. Depending upon your age bracket, the word retirement conjures up different meanings and different emotions. And the age in which one will retire differs just as much as the images of what one […]

Why Full Retirement Age is So Important for Social Security

Why Full Retirement Age is So Important for Social Security

As most people are aware, you can start taking your Social Security benefit as early as 62. You can also delay taking benefits until you are 70. In between 62 and 70 is what’s called your “Full Retirement Age.” Understanding the distinctions of “Full Retirement Age” is an integral part of your claiming strategy. There […]

Should You Consider a Roth 401(k)?

Should You Consider a Roth 401(k)?

First off, only about half of employers, mainly large ones, offer Roth 401(k) plans currently, so check if you can access a Roth 401(k) before deep exploration here. However, there are a number of cases where Roth 401(k)s can make sense especially if you’re younger and see your taxes rising in future. There are two basic […]

Medicare at 50 Act Targets Early Retirees

Medicare at 50 Act Targets Early Retirees

The latest proposed expansion of Medicare benefits could be a welcome health insurance option to early retirees who leave employment or have been forced out of their jobs before the age of 65. Democratic U.S. Senators unveiled the latest version of Medicare expansion Wednesday, calling it the “Medicare at 50 Act,” which would allow people […]

Retirement in America is Too Expensive, But It Doesn't Have to Be

Retirement in America is Too Expensive, But It Doesn’t Have to Be

In a recent survey, Legg Mason found that a 32% of Americans are “very confident” that they will have enough money for a comfortable retirement. That same study finds that retirement confidence falls sharply as Americans approach retirement and really understand just how expensive it is to retire – that is, exactly how much money […]