Most of the readers on One Smart Dollar are looking for ways to earn passive income on their quest to financial independence. In fact, the main goal of those who are financially savvy is to one day be in a place where they no longer have to work. There are many different ways to earn…
The 401k is one of the best retirement savings vehicles available. Not only are your investments tax deferred, but most of the time there is an employer match. Nearly everyone has access to a 401k, but many people do not take advantage of them. This is often because they do not know what to do…
As we begin our working careers, retirement seems like a distant concept; and rightly so, for many it is 30 to 40 years away. Because it is so far away, many people starting out do not even bother to enroll in the 401k available through work. Those who do enroll will fall into two basic…
For anyone who has a strong 401k and has perhaps found themselves in a position where they could use a financial boost, it can be incredibly tempting to dip in. After all, having a resource such as this at one’s disposal is often considered to be somewhat of a security blanket, as it can truly…
For most of those who are working, the goal is to someday be in a position to no longer have to work for their income. Most people would like to retire early if they possibly can. However, if they actually sit down and calculate out what it would take to retire early, they will see…
We all know that we need to be saving for retirement. Gone are the days when hard workers could count on company-sponsored pensions and Social Security to comfortably see them through the golden years. But putting money away for retirement seems like a low priority when you’re barely making ends meet. According to a CBS…
As you approach retirement you usually have a few options of what to do with your money. Rolling your 401k into your Traditional IRA is one of the most common approaches. After that, many people simply take systematic withdrawals in the amount they need for their monthly living expenses. This overlooks a product that has…