Category Retirement Saving

KEY RETIREMENT MILESTONES (AS REPORTED BY PERSONAL.VANGUARD.COM)

We all have questions about retirement – ranging from how to save for it to when is it time? To help answer some of those questions, Vanguard recently shared the 7 big financial milestones in retirement. These are the ages when most of us will be able to take key steps toward a more secure […]

MAX OUT YOUR 401K MATCH (AS REPORTED BY MATT BECKER ON WWW.THESIMPLEDOLLAR.COM)

A 401k employer match is one of the best things any employee can ask for. Why? Because it means free money toward your retirement. Many employers in the US still offer this benefit to their employees – they match 50-100% of employee 401k contributions up to a certain limit. But according to the Society for […]

RETIREMENT SAVINGS IN YOUR FINAL EARNING YEARS (AS REPORTED BY ALICIA ROSE HUDNETT ON MONEY.CNN.COM)

All of the experts agree – the sooner you start saving for retirement, the better off you’ll be when the time comes. But what if you haven’t started yet? What if you are getting close to retirement age and you are worried you won’t have enough saved? According to a recent survey, 28% of Americans […]

THE COMING PUBLIC PENSION CRISIS (AS REPORTED BY OLIVIER GARRET ON WWW.FORBES.COM)

The concept of a pension is something that private employers have all but abandoned, putting more of the onus of retirement savings onto the individual. But most public positions still offer a pension, and so many Americans either currently work towards a pension or are already receiving benefits. And that’s why the coming pension crisis […]

401K VESTING (AS REPORTED BY MATT BECKER ON WWW.THESIMPLEDOLLAR.COM)

If you are lucky enough to have an employer who offers a 401k retirement plan, there are tax advantages to directing a portion of each paycheck toward it. You are even luckier still if that employer matches some or all of your contribution, because that is free money available to you simply for joining the […]

HOW MUCH MONEY DO YOU NEED TO RETIRE? (AS REPORTED BY WALTER UPDEGRAVE ON MONEY.CNN.COM)

Too many of us don’t know exactly how much money we will need in order to retire worry-free. Chances are, even after you retire you won’t be sure you have enough. Here’s a simple way to tell. Create a realistic budget based on what you are spending now. Then start to make modifications based on […]

PENSIONS TO 401K PLANS (AS REPORTED BY ALLISON SCHRAGER ON WWW.QZ.COM)

In the past, a majority of employees were able to earn a pension from their employers. More Americans would spend the majority of their careers in one industry, with one company. And when they retired, the pension would pay out in retirement, the amount based on the amount they earned during their careers. For the […]