If you want to be ready for retirement you have to get started saving as soon as you can in an effort to accumulate the financial resources that you will need to enjoy your golden years in comfort. A 401(k) plan is a very good start, and most of us are offered an opportunity to participate in one when we first begin our careers. It is definitely a good idea to contribute into the 401(k) plan that is offered at your place of employment, especially if the employer is willing to match your … [Read more...] about Your 401(k) Account After Job Separation
Understanding Social Security
As you are looking forward to the future it is important to have a good understanding of what you can expect from Social Security. If you want to be able to retire in true comfort you don't want to rely too heavily on Social Security, but if you are like most people it is certainly going to represent a significant portion of your retirement income. The first question that many individuals have about Social Security involves when they will become eligible to receive their full benefits. There is … [Read more...] about Understanding Social Security
Putting Something Away For Retirement
To be able to retire with financial freedom you have to look over the horizon well in advance. After all, you may have to pay your way for 20 years or more after you put your working years behind you and this is going to take some significant financial resources. There are those who don't worry about the future because they assume that Social Security will be enough to finance their retirement years. Depending on how much you paid into the program and what you expect your expenses to be this … [Read more...] about Putting Something Away For Retirement
Unique Perspective On Retirement Savings
As the baby boomer generation reaches retirement age some of the facts are emerging about their preparedness and the news is not especially encouraging. A recent AP-LifeGoesStrong.com poll suggests that most of the baby boomers who are approaching retirement age polled say that Social Security will represent the centerpiece of their retirement incomes. In addition, nearly one fourth of the people who responded to the poll had no retirement savings at all, and the mean amount that poll … [Read more...] about Unique Perspective On Retirement Savings
