Generally, if we’ve been in employment for many years and the retirement plan has been vested, we’re not going to forget about it. However, no matter how low the amount accumulated, it is money that belongs to us and to which we are entitled. When communicating with the company, we...
It can be easy to divert the money you should be saving for retirement to other financial goals. Whether you become unemployed and need to pay the bills, or an unexpected expense arises, life can get in the way of your retirement savings goals. (By the way, these are all goodreasons wh...
Discusses ways to protect retirement financial security. Elimination of government-guaranteed pensions; New types of company retirement plans; Biggest threats to retirement security; How to analyze company retirement plans; Pension; Savings; S...
Lessen your exposure to riskier holdings likesmall-capstocks as you get closer to retirement. These securities tend to be more volatile than high-grade bonds ormoney market funds, so they can put investors in a bigger hole when the economy goes south. Older adults, unlike younger workers, sim...
And in retirement, just like life, there will always be unexpected emergencies/circumstances that are going to cost money to resolve. Having a good comfortable retirement comes down to preparing and planning well so that you aren’t blind sided when something unexpected comes up. ...
If you own company stock, either inside or outside a retirement plan, now may be the time to sell some to diversify your holdings. You might also want to tweak your investment strategy and make a plan to minimize taxes as you draw down your retirement assets. “Approaching retirement means...
Many people who want to earn money in retirement turn to their hobbies as a jumping-off point for launching a small business. Here are some ways to make money in retirement by turning your hobby into a successful business. Mark Holtzman, retired sales manager turned aerial photographer. Source...
Learn more here now.The bottom line While million of people are set to retire soon, the individual needs of each person will vary in their retirement years. To get to one of the figures stated above consider taking a multi-pronged approach. This involves using employer retirement matches, ...
"One of the things we often consider is that the ability to preserve the tax-deferred compounding of an account can be very valuable, because you still want to grow your money even when you retire," said Ken Hevert, senior vice president of retirement at Fidelity. "That is one thing that...
passive income, which means earning money with little or no effort. In retirement, it’s certainly possible to generate passive income with your investment portfolio. For example, if you want to invest $500,000 to create passive income, you can go about it in several ways, but give it som...