When planning for retirement, nothing is more exciting than plugging in your annual savings, choosing an expected rate of return, and then seeing the massive dollar amount you can expect as your nest egg matures. But is what you see really what you get? Unfortunately, as inflation again rears its ugly head, the answer is…
Contributing to your retirement plan is a great step in building a solid financial future. You probably already know the basic building blocks of investing success: invest as early as possible and take advantage of any match your company offers. Beyond that, you’ll need to decide what type of 401(k) plan is right for you….
It is easy to fall into a trap in your early 20s after years of studying to treat yourself to some of the things you couldn’t buy as a student. With a regular pay check coming in every month and credit fairly easy to obtain those setting out on a career can be forgiven for…
Retirement may seem like a long way off now, but the fact of the matter is that the earlier you start saving and preparing – the better off you are going to be when retirement does come calling. The number of people who get caught out nearing retirement age and realizing that they haven’t got…
Retirement is ultimately a game of time and careful planning. The more time you have to save, the more time interest has to accrue, building your nest egg from a tiny sum to a massive fortune. Even saving just a little bit in your twenties can greatly increase your long-term savings, just as a few…
The dreaded day when the social security “trust fund” will be depleted is getting closer and closer. Most people know that not all is well with social security, but the don’t know the real numbers. Fact 1: Most forecasters say that by 2033 the social security fund will run out. Fact 2: Once the fund…