Your retirement account is most likely the most important investment account you’ll ever have. The reality is that we work incredibly hard to retire; spending the vast majority of our lives working and saving so that we can enjoy our golden years. However, in times of geopolitical risk, unrest, and war, several people lose everything they’ve worked for; forcing them to work long into their retirement years. The threat that geopolitical risk and unrest is becoming to retirement investments and how converting your 401k retirement plan and … [Read more...] about Is Geopolitical Risk A Danger To Your Retirement?
Is our idea of retirement outdated? Is it absurd to have an arbitrary age, a mark on the wall, for retirement? Mitch Anthony makes the case that the retirement of our parents isn’t, and shouldn’t, be our ideal of retirement in the latest edition of his book, “The New Retirementality: Planning Your Life and Living Your Dreams...at Any Age You Want”. Age is just a number. Do you love what you do for a living? Why end your career simply because you hit 62 or 67 years-old? Why not keep working if you love it? Why not test out mini-retirements … [Read more...] about The New Retirementality by Mitch Anthony – Your Retirement Is All Wrong!
The current financial climate has brought plenty of uncertainty with it for workers young and old. As incomes are being squeezed by high inflation rates and reluctance on the part of some bosses to raise wages in line with inflation, saving for retirement and the future might not seem like an option for many workers; especially those who are still saddled with student debts. However, as a survey conducted by the National Association for Pension Funds revealed, younger workers who might be a long way from paying off debts accumulated while at … [Read more...] about Why Are Younger Workers More Interested In Saving For Retirement?
Are you saving enough for retirement? How much is enough? Is there really such a thing as saving enough for retirement?
While there are a few rules of thumb that you can look at to find out how much money you need to save in your 401k for retirement, the sad fact of the matter is that we are simply not saving enough for retirement. Click here to learn more about Motif Investing
We Are Not Saving Enough For Retirement
Earlier this month, Fidelity Investments released its quarterly analysis of the 401k retirement plans that it manages. The … [Read more...] about
This question has plagued financial planners for years. Should you pay off debt, or should they start a retirement account first? This assumes that the same amount of money is involved in each transaction. We will use $5,000 for our examples. Below we will take a look at the pros and cons of each option, and give our opinion. Paying Off Debt First Paying off debt is a great way to use a lump sum of money. Being in debt can be burdensome to the individual in debt, and feeling like you are never going to get out can be awful. If you do not have a … [Read more...] about Which Is First: Paying Off Your Debt or Investing for Retirement?
If you are in a financial bind, seeing the money sitting in your 401k retirement account can be tempting. It is a tempting source that you may consider tapping in order to help alleviate some of your financial problems. However, your 401k retirement plan is there to be your safety net in retirement. Your 401k is not designed to be your emergency fund now. It may seem like it is not a big deal because you are essentially borrowing the money from yourself with interest, but it does not really work that way. There are dangers of 401k loans. … [Read more...] about