Retirement Savings Articles

1). Take Waste Out Of Your Spending By : Drew Miles
Buyer Beware: The ability to save money has nothing to do with income. Take waste out of your spending and you’ll drive the haste out of your life. Continue to learn “the rules,” as they’re always changing. Learn the rules We’re not taught “the rules” in school—high school, college, law school. So we go through life in the dark, not understanding why it’s so hard to get ahead.
Article Related to: roth ira, retirement savings, self-directed ira

2). When IRAs, 401(k)s, and Other Tax-sheltered Investments Don’t Make Sense By : Stephen L. Nelson, CPA
Every year about this time, people start talking about and considering things like IRA contributions. Most of the time, tax-sheltered investments make great sense. The federal and state governments have designed their tax laws to encourage such savings. However, that said, there are three situations in which it may be a poor idea to use tax-sheltered.
Article Related to: iras, 401(k), 401k, financial planning, retirement savings

3). Financial Vertigo By : Drew Miles
Although Pathfinder focuses on generating money, this lesson covers one of the biggest misconceptions we have about money: if we make more money, we’ll be better off. It doesn’t matter how much money we make, but rather how we spend and save it. Take two Pathfinder clients as examples: Client A worked at Home Depot making $30,000 a year and had his finances in order and spent less money than he made.
Article Related to: roth ira, retirement savings, self-directed ira

4). Free Money for Your Retirement? By : Stephen L. Nelson, CPA
It can be more than a little discouraging to start making retirement planning calculations. You’ll usually find that to achieve the annual retirement income you want, you need to be saving a lot more than is practical. Suppose, for example, that you use a program like Quicken or Microsoft Money to determine that your retirement savings should equal to $5,200 a year—which is the same as $450 a month.
Article Related to: iras, 401(k), 401k, financial planning, retirement savings

5). Chew slowly and digest the rules By : Drew Miles
It’s hard to understand all of “the rules” and fine print on all of our policies since we have limited time. But it’s imperative you take the time to become familiar with your coverage. Go through your mortgage, note, insurance, bank statements, employment contract, tax deductions, shareholders agreement—at least once, then briefly once a year after that.
Article Related to: roth ira, retirement savings, self-directed ira

6). The Retirement-Savings Vs. College-Savings Dilemma By : Francis Kier
Before a child is born, every parent considers (even if briefly) the cost of raising a child and to put them through college. And the question about saving money that you’ll consider at some point is: how do I evaluate whether I should be saving for my own retirement or saving for the kids’ college? The obvious answer is to save for both. But few young parents have the earning power and lifestyle discipline to have extra money left over at the end of the month.
Article Related to: retirement savings, college savings, budgeting, personal finance

7). Secure Your Retirement with a Rollover IRA By : AlphaProfit
Switching your job? Retiring? Congratulations! A window of opportunity opens for you with the Rollover Individual Retirement Account or Rollover IRA. In an era of corporate restructuring and outsourcing, Rollover IRA is among the most powerful means available for securing one’s retirement. Yet, its potential to enlarge one’s assets for the sunset years commonly remains under-appreciated.
Article Related to: investing, mutual funds, rollover ira, 401k, retirement plan, retirement savings

8). Fixing Your Credit Report By : drew miles
Fixing your credit report and repairing your credit are two distinct processes and problems.
Article Related to: roth ira, retirement savings, self-directed ira

9). I Want To Catch Up on My Retirement Planning What Should I Do? By : Nocita
Good question and even better, you’re thinking in the right direction about your future which is someday retiring. If you’re one of those people who haven’t saved any or very much money for your retirement, it’s never too late for you to start now! It’s important that you do start and soon. It doesn’t take long for age to slip up on you fast if you know what I mean! So, just get started on your retirement planning now while you’re thinking about it.
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10). Think Hard Before You Dip Into Your Retirement Savings By : Amit Kheterpal
We all have financial hardships at one time or the other. In these recessionary times it is always likely that you will lose a job or see inflationary pressures destroy your monthly budgets.
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