Below you'll find a list of all posts that have been categorized as “Retirement Planning”
What should you do with the money? A look at some choices. Each year, about 70% of taxpayers receive federal tax refunds. The average IRS refund is substantial—$2,800. What could you do with a refund sent to you? You could invest that money. It could go into your workplace retirement plan, an Individual Retirement Account, or a college savings plan—preferably, …
Some key financial steps that you could take. Your twenties are the perfect time to save and invest. Do it now, and you will have a great ally—time—on your side. Think about doing the following things if you’re not doing them already. Put money into a retirement plan. Save and invest through a 401(k), a 403(b), a Roth or traditional …
Weigh the tradeoffs before you make your decision. Lifelong income or one large payment? Companies that sponsor traditional pension plans are starting to offer their workers this retirement choice. It’s not an easy choice, and it’s usually irreversible. The case for the lump sum. All that money is yours now, ready to be used or invested as you wish. Your …
Its effect is subtle, yet significant. Even mild inflation eventually reduces the value of a dollar. If consumer prices rise just 2% a year for the next 25 years, $50,000 will buy the equivalent of $30,477 by the end of 2041. Or to put it another way, a car that costs $50,000 today will cost $82,030 by then. If inflation …
