We used to take it for granted: young people go to college, get an education that would enable them to land a good job, then start their careers. Over the course of forty years, if you’re smart and frugal and make good money at your work, you accumulate enough money to retire comfortably at the […]
I was perplexed when I read that one needs $12 million in savings to feel rich. No way, I thought, but I read on… $300,000 in annual income living in New York City, a $3,800 per month apartment, taxes, inflation and retiring at 35 until the age of 100 assuming 2.5% inflation and 5% return […]
When it comes to retirement, many people rely on their homes. We are told over and over again that our homes are investments, and that they are our biggest assets. As a result, many people rely on home appreciation to help fund their retirement. The recent real estate market crash has been contributing to a […]
I live in an area where one-income households are common. One question I am often asked is this one: “How can I increase my retirement savings when my wife [husband] doesn’t work?” This is a common conundrum for many who have maxed out an IRA, and wish that they could open another tax advantaged retirement […]
We are rapidly approaching the fifth month of 2010. This year is notable for many things, and one of those is that this year it is possible for anyone — no matter his or her income — to convert a traditional IRA to a Roth IRA. There are some advantages to having a Roth IRA, […]
You know that if you want to make it through retirement, you need to plan now. And that planning should involve an investment plan. Your goals and individual needs will be a big part of the kind of investment portfolio you have to get you through your retirement years. Here are some steps to take […]
