Various estate planning surveys have showed that there is a significant disconnect when it comes to most people’s understanding of estate planning for millennials. Out of the people that have been interviewed so far many believe that it is important to have estate plans while only a few have them. Millennials are missing out on…
While your employer’s 401(k) plan is intended to help you establish and manage a retirement savings account that meets your current and future needs, understanding your 401(k) options isn’t always intuitive. Here’s a look at some common features that 401(k) plans include, and how the terms, features and benefits associated with these accounts impact…
In terms of retirement plans, most large organizations choose the 401 (k) since it suits their needs perfectly. But in the case of small business owners, this might be different since they have a broader range of options to choose from. Any self-directed plan including IRAs and SEPs will be sufficient for their use. But,…
Every day humans are faced with hundreds of decisions. Do we get out of bed or press snooze, do we drive to work or take the bus, do we drink coffee or tea? As the day progresses we often find that the responsible part of our brain struggles to overcome the procrastination part. This is…
Unlike a traditional job, many freelance professionals don’t have a solid plan for retirement. In many organizations, the company will automatically deposit funds for you. As a freelancer, this process is laid squarely upon your shoulders. If you are one of these individuals, it’s in your best interest to start thinking about a plan for…
During retirement, the only thing that helps you survive is your retirement funds. However, suddenly finding out that the money that you have accumulated till now is worth much less than what it used to be can easily turn the sanest person mad. This is the impact that inflation has on your savings. Many people…