Here are 10 things you should know about retirement planning:
#10--8 Reasons to Have an Estate Plan
If you have assets, no matter what your age, marital status, or financial wealth, you should plan your estate in the event of your death or incapacitation. Here are 8 reasons I feel are most important.
#9--10 Things a Single Woman Needs to Know About Retirement Planning
Retirement planning for a single woman is a bit different than it is for one who is married. Here are 10 things a single woman should consider when planning for her retirement.
#8--5 Reasons to Open a 401K Plan
A 401K plan is an employer sponsored retirement plan. These plans are also available to the self employed. Here are 5 reasons why you should open a 401K plan if it is offered by your employer.
#7--Inheriting a Traditional IRA
Only a spouse can treat an inherited IRA as his or her own, others who inherit an IRA have two options. Here you will find information on these options.
#6--Retiring on Only Social Security
Social Security was never meant to take the place of someone’s paycheck. Instead, it was meant to supplement whatever you had salted away so you could spend your final years in relative comfort. Here is a look at what retirement might be like on only Social Security.
#5--Defined Benefit and Contribution Pension Plans
Do you know the differences, advantages, and disadvantages of defined benefit and defined contribution pension plans? Here you will find this and more.
#4--IRA Rollover
In this time of job changing and downsizing, you will probably need to know what to do with your company sponsored retirement plan at least once before your retirement. Once you leave a job for whatever reason, you need to make a decision as to what to do with your retirement plan.
#3--Roth IRAs
A Roth IRA accrues earnings on a tax-free basis and offers no tax-deferral. This article will explain what a Roth IRA is, how you can set one up, its advantages and disadvantages, and distribution rules.
#2--Retirement Planning Calculators
When planning your retirement, you will want to crunch some numbers just to be sure you will have enough money to reach your retirement goals. Here are a few of my favorite retirement calculators to help you with this task.
#1--About 401K Plans
If you're like most people, you have questions about your 401k retirement plan. You might be wondering how a 401k works, exactly what a 401k is, or how you can revive the dwindling balance in your 401k plan.
If you learn these 10 things, you should be well on your way to meeting your retirement goals.