A popular way for individuals to save for retirement is through a Roth Individual Retirement Account or Roth IRA. Who can open a Roth IRA? Any individual who has earned income may open and contribute to a Roth IRA. Earned income includes any money earned from salary, wages, tips or commission. It does not include… [Read More] The Basics of a Roth Individual Retirement Account – Roth IRA
Everybody worries about retirement, it's part of life. This category page covers topics to help individuals get ready for retirement. Believe it or not there are steps you can take early on in life to set up a comfortable retirement.
The Individual Retirement Account (IRA) is one of the most basic types of retirement savings vehicles available today. So who can open an Individual Retirement Account (IRA)? An IRA can be funded by an individual who has earned income in that current year — and is not over the age of 70.5. So if an… [Read More] Individual Retirement Account (IRA) Basics
One of the biggest reasons people invest is because they want to have enough money to live on later in life. They understand that even modest inflation deteriorates the value of their current dollars over the course of time. In order to at least keep up with inflation, money gets put into an investment portfolio. Sometimes… [Read More] Be Uncomfortable While You Can Afford It
1:50 – Should I take money out of my retirement account?
1:20 – What should I expect when it comes to expenses during retirement? The transcription to this video can be found here
“Have a financial plan, but realize the most important part of that plan is planning on the plan not going as planned.” I found this nugget of wisdom recently shared by Morgan Housel to be all too applicable to a current situation in my life. Let me begin by confirming Morgan is on the money… [Read More] Your Plan vs. Reality