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RETIREMENT PLANNING » IRA & ROTH Accounts

Posted in 401k , Financial News , Retirement

Some workers with 401(k) plan accounts might be able to look forward to reductions in their plan fees thanks to new federal disclosure rules. In addition to increased fee visibility, the new disclosure rules are expected to allow companies to provide their workers with a vast selection of investment options.

401(k) Plan Disclosure Rules to Clarify Costs New 401(k) Plan Disclosures to Help Companies Reduce Fees

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Posted in Investments , Retirement

best target date funds

By Beth McKenna

Target date funds have the been the flavor of the year–for the past few years-when it comes to 401(k) and other retirement plan investing. However, it’s important to remember that popularity and quality are often two different things, and investment products are no different. Is Your Target Date Fund Making the Most of Your Money?

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Posted in Retirement

In Save Money by Retiring Abroad: How to Retire Overseas for Less, we explain how today’s retirees aren’t limited to the U.S. when it comes to retirement options. In fact, spending your retirement years in another country is a way to have fun and save money at the same time. Here are the references used in the article:

Retire overseas on $1,200 a month (MSN) Retire Overseas: References

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Posted in Retirement

retire overseas

By Jenny Kerr

Have you ever thought about where you want to spend your retirement days? A recent article MSN–Retire Overseas on $1,200 a Month–got me thinking about it. Save Money by Retiring Abroad: How to Retire Overseas for Less

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Posted in Retirement , Savings Account

year end checklist

By Tara Struyk

The year is almost over, and while you may be eager to turn the page on 2011 and start a fresh new year, there are a few things you need to get in order first. In fact, taking care of business before the year is through will help set up your finances for a stronger 2012. Here are some of the things you should tackle before the ball drops on January 1st. Year End Checklist: 9 Ways to Prepare Your Finances for 2012

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Posted in Retirement

Generation Y

Considering retirement savings when you are twenty-something is a concept that seems so far into the future, it is almost unreal. Most twenty-somethings are busy finishing school, paying off student loans or saving for a little slice of the American Dream.

Especially today, when college is expensive, jobs aren’t that easy to come by and most Americans are worrying about keeping their head above water, the last thing most young people are worrying about is saving for retirement. Hey Gen Y: Wake Up If You Ever Hope to Retire

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Posted in Financial News , Retirement

baby boomers

By Stacey Bumpus

A new poll shows the growing anxiety baby boomers are feeling about retirement. The Associated Press-LifeGoesStrong.com poll released this week found the majority of baby boomers say the financial hits they’ve taken over the past three years have been so substantial, that they now doubt they will be financially prepared to retire. Financial Crisis Has Left Baby Boomers Terrified about Retirement

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Posted in Retirement , Retirement Planning

retirement

By Stacey Bumpus

One of the biggest concerns affecting workers today is retirement. Study after study shows that a large number of employees fear there won’t be enough money set aside in Social Security and their personal savings to pay for financial obligations after they’ve stopped working. As a result, many have simply opted to stay at their jobs longer than they ever thought they would. Are You Ready Series: Retire

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Posted in Credit Card Debt , Debt , Retirement

credit card debt

By Jenny Kerr

For many of us, credit card debt can be an overwhelming source of financial stress. It can be difficult to keep up with minimum payments each month and it becomes hard to stay ahead when we rely on credit cards as a fall-back for monthly spending. Women and Debt: Ditch the Credit Card to Start Saving for Retirement

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Posted in 401k , Financial News , Retirement

The Department of Labor issued a new regulation on Monday designed to improve access to expert advice for workers who contribute to 401(k) plans and individual retirement accounts (IRAs). The regulation is expected to make it easier for providers to offer their own investment advice for individual accounts, and allows them to even bundle  investment advice together with other retirement services.

Employers Can Provide Investment Advise on 401(k) and IRA Plans
Regulation Improves Expert Investment Advice for 401(k) and IRA Plans

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Retirement Planning

Retirement planning is an important step for individuals to take to help ensure their golden years are exactly that. By saving money in a bank during your working years, you can help provide for your own financial future.

Investors are never to young to start building their retirement portfolio through wise banking and by diversifying their financial holdings. By planning and investing for their retirement with consistency you can ensure that you earn the highest rate of return for your investment dollar.

If you receive a 401k plan as part of an incentive from your current employer, experts advise taking advantage of the savings plans because of the pre-tax benefits available. Self-employed individuals can compare and open their own IRA or 401k accounts and develop their own incentive plan.

By making wise and practical banking choices today, one can help generate the best return for their long term retirement planning.

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