My Retirement Blog
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2012 IRA Contribution Limits
2012 Combined Traditional and Roth IRA Contribution Limits If you are under 50 years of age at the end of 2012: The maximum contribution that you can make to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2012. This limit can be split between a…
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How Much Should You be Saving?
The following is a guest post. When you are young, retirement seems to be a lifetime away. Being told that you should save for that day is difficult to comprehend. But the fact of the matter is that even if we are young and healthy and fit, we have parents and grandparents who are older…
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IRA and 401k – The Basics
You probably already know that you should be saving for your retirement. If you are not already saving for your retirement you may be unsure which retirement plan is best for you. There are numerous retirement plans to choose from but we will just look at some of the most common ones. IRAs There are…
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Retirement Links Roundup – Extreme Makeover Edition
My wife and I watched the series finale of “Extreme Makeover” on the big screen at a local movie theater. The show was a big deal around here because it featured Joplin and lots of local people were affected by the tornado and/or were involved in the Extreme Makeover home build. The following carnivals were…
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Retirement Planning Requires Action
If you are starting to think about your own retirement, you are on the right path. You have taken the first step towards achieving that dream retirement. You may need to spend some time writing down your goals and/or expectations for retirement, but asking the questions is where everyone begins. Yet, just thinking about retirement…
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Retirement Links Roundup – New Year Edition
I haven’t been posting much lately but with the new year I am making a commitment to start posting here on a more regular basis. There will be at least one new post a week. In the meantime here are some other retirement articles for you to enjoy. Social Security Benefits for Divorced Spouses at…
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The Number One Retirement Fear
According to an AARP study recently released, health care issues are the number one biggest fear retirees have. Is retirement affordable? The biggest challenge for most potential retirees is the cost of care and the ability to stay healthy through retirement. Experts claim one will need an extra $200-$300,000 to pay just for health care.…
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Book Review: Your Retirement Dream IS Possible – Billy and Akaisha Kaderli
Two decades ago at the age of 38, we left the work-for-paycheck world and forged ahead into the uncharted waters of early retirement. People on all sides were telling us that leaving the traditional life was fanciful; it was fraught with danger and with financial and social peril awaiting us around every bend. In short,…
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Not Ready for Retirement
The following infographic from Mercer shows that workers in the U.S., U.K., and Canada do not feel that they are ready for retirement. Infographic by Mercer Insights
Got any book recommendations?