4 Reasons Why Saving Solely to a 401(k) is a Bad Idea
February 19, 2021 / by Admin Investing in a 401(k) plan is amongst the simplest ways to save for retirement. Once you decide on the amount of contributions to be making monthly, the amount is automatically deducted from your paycheck each month. You are building wealth...
7 Things You Need to do if You Want to Retire in 2021
February 18, 2021 / by Admin Many people want to have a comfortable retirement, and you’d like your retirement to be free from major snags. Planning for retirement is challenging due to factors such as the affordability of healthcare, market volatility, and even COVID-19 risks. You...
5 Steps for Checking Your 401(k) This Year, by Aaron Steele
February 15, 2021 / by aaron steele The beauty of a 401(k) is that you don’t really need to think about it once it’s set up. Regardless of stocks, you’re investing automatically into this retirement account and building for the future. In fact, it’s easy to forget...
Are You Ready to Claim Social Security Benefits? Can You Wait?, by RICK VIADER
February 14, 2021 / by rick viader As we welcome a new year, a whole new group of people is about to reach the age of 62 (a significant milestone for those with one eye on Social Security!). At the same time, those born in 1955 will...
COVID-19 and the Impact on Retirement Planning, Sponsored by Aaron Steele
February 9, 2021 / by aaron steele At the beginning of 2020, we could have made many predictions, and none would have even come close to the year we experienced. With consumer confidence faltering, it’s normal to think about retirement and how the COVID-19 pandemic impacts our...
You Can Have More Than One Life Insurance Policy., by RICK VIADER
February 8, 2021 / by rick viader It is possible to have more than one insurance policy. There are various reasons you might want more than one life insurance policy. You might decide to have more than one insurance policy if you’re going to address multiple needs....
Three Surprising Downfalls of Working During Retirement, by Brad Furges
February 7, 2021 / by brad furges There's no doubt that there are many advantages of working during retirement. Holding down a job when you retire will give you additional income, thereby reducing the burden on your savings. It also serves as a form of entertainment. The...
Parameters to Consider in the FEHB Five-Year Service Requirement, by Bill Hoff
January 22, 2021 / by bill hoff Suppose you want to carry the Federal Employees Health Benefits (FEHB) program coverage into your retirement. In that case, you must have been covered for the program for the five years immediately preceding your retirement. You don’t have to be...
The Biggest Mistakes You Can Make With Your Retirement Savings, by Aaron Steele
January 16, 2021 / by aaron steele Under the best circumstances, it is challenging to make enough savings for your retirement, and this is why you must avoid mistakes during the savings process. Mistakes such as wrong selection and allocation of assets, as well as selecting investments...
10 Best Retirement Tips for 2021, by Mark Heinrich
January 15, 2021 / by mark heinrich For most Americans, retirement may be a bit different in 2021. The economic crisis of the COVID-19 pandemic may force many people to consider early retirement even when they don’t have enough retirement savings...
You Should Reach These Three Retirement Milestones Before You Reach Age 50, by Bill Hoff
January 14, 2021 / by bill hoff Saving for retirement usually occurs for an extended period, and it is necessary to assess your savings progress to know if you are planning well for your retirement. You don’t have enough savings if you discov...
You Can’t Retire With These Three Signs, Regardless of Your Total Savings
January 13, 2021 / by Admin Retiring from your workplace is not as easy as leaving your job. For many employees aiming to retire, it is a period of investing, saving, and planning. Even after making such preparations, you may still not have enough savings, which...
The Disadvantage of Contributing to the Thrift Savings Plan Lifecycle Funds, by Dennis Snoozy
January 11, 2021 / by dennis snoozy The Thrift Savings Plan Lifecycle funds are designed to minimize the risk of investors as they get older. But what serves as a great investment option for workers in their earlier days in the workforce becomes less suitable as they...
Four Facts About IRAs That Are Commonly Misunderstood by Investors, by Mark Heinrich
January 10, 2021 / by mark heinrich Understanding an individual retirement account (IRA) and how it works is a must for retirement savers. An IRA comes in two different varieties: the pre-tax and the post-tax. It also may or may not be connected to your employment. Below...
Nine Mistakes Federal Employees Should Avoid at Retirement, by Brad Furges
January 9, 2021 / by brad furges Making the best retirement decisions is the first step toward building a financially secure life when you retire from your federal job. Many things can prevent you from making the best retirement decisions. Knowing these things may be late for...
What Is A Spousal IRA and How Does It Work?, by RICK VIADER
January 8, 2021 / by rick viader A spousal IRA is a special kind of individual retirement account that allows a non-working spouse to open an IRA and enjoy the tax benefits that it offers. This type of account is particularly essential in a case where one...
How You Can Retire Early as a Federal Employee, by Aaron Steele
January 7, 2021 / by aaron steele A significant difference between fed employees and those in the private sector is how they plan for retirement. Private sector employees generally think about “when they can afford to retire.” Federal employees, on the other hand, often ask when they...
