Category: Retirement
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Retirement Article Roundup
Since I have been too lazy to write my own posts for this blog lately I thought I would share with you a few retirement related posts from the past couple Carnival of Personal Finance and elsewhere. “How to select the right IRA beneficiary” from Wealth Pilgrim. He basically says the youngest beneficiary is the…
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5 Questions You Should Ask About Target Date Retirement Funds
A Target Date Retirement Fund seems like an easy way to save for your retirement. You just invest your money in the fund that matches your planned retirement date and you are all set. Of course, investing for retirement is not that easy. There are several questions you should ask when deciding to use a…
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5 Risks to Your Retirement
There are many risks to your retirement savings. Here are five of the more common ones. Starting too late – When you are young it seems like retirement is far way. However, by starting to invest for your retirement while you are young it will be much easier to save enough for a comfortable retirement.…
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The Retiring Mind : Book Giveaway
The Retiring Mind: How to Make the Psychological Transition to Retirement is a new book written by Robert P. Delamontange, PHD. As you can tell from the subtitle this book focuses on the psychological component of retirement rather than the financial component. In the book the author details several self-analytical processes to help you identify…
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Retirement Survey Results
The people over at ING Direct recently conducted a survey asking how people feel about retirement. The results might be surprising to some. For instance, 1 in 3 Americans over the age of 55 think they will need to save $250,000 or less to retire. I suppose this is possible if they live extremely modest…
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Most Americans Unprepared for Retirement
You have probably seen several news reports quoting statistics from the 2010 Retirement Confidence Survey by the Employee Benefit Research Institute. Some of the more interesting figures from the survey are that 43% of Americans have less than $10,000 in retirement savings and 27% say they have less than $1000 in savings. Also only 16%…
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Proposed Changes to Saver’s Credit
President Obama has proposed changes to the saver’s credit as part of his policies to help the middle class. The saver’s credit would be expanded by matching 50% of the first $1,000 of contributions by families earning up to $65,000 and providing a partial credit to families earning up to $85,000. Also the tax credit…
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Saver’s Credit for Retirement Savings Contributions
This credit used to be known as the “Retirement Savings Contribution Credit.” If you qualify you can claim a credit of up to $1000 for eligible contributions to qualified IRA, 401k, and certain other retirement plans. Since this credit is not refundable it can’t be larger than the tax amount the taxpayer would have had…
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How To Find A Stock Broker
Every once and a while, someone emails me to ask how I find a good stock broker for my retirement assets. What do I look at when I compare stock brokers? My answer, almost always, is “it depends.” Ahhh I bet you hate that answer too. Well, unfortunately, it’s the truth. Who you decide to…