This popular retirement savings vehicle comes in several varieties. What don’t you know? Many Americans know about Roth and traditional IRAs, but there are other types of Individual Retirement Arrangements. Here’s a quick look at all the different types of IRAs: Traditional IRAs (occasionally called deductible IRAs) are the “original” IRAs. In most cases, contributions […]
Tag: retirement
Retirement Newsletter – May 2018
Would you pay more for a better employee retirement plan? If that trade-off sounds worthwhile, rest assured you are not the only one who feels that way. […]
Adjusting Your Portfolio as You Age
As you approach retirement, it may be time to pay more attention to investment risk. If you are an experienced investor, you have probably fine-tuned your portfolio through the years in response to market cycles or in pursuit of a better return. As you approach or enter retirement, is another adjustment necessary? Some investors may […]
The Risks of Putting Too Much Money Into an Annuity
These private income contracts do have potential flaws. It may not be good to have all your eggs in an annuity basket. Or even a majority of your eggs, financially speaking. Fundamentally, an annuity contract means handing over your money to an insurer. In turn, the insurer pays out an income stream to you from […]
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Avoid These Life Insurance Missteps
Shop wisely when you look for coverage. Are you about to buy life insurance? Shop carefully. Make your choice with insight from an insurance professional, as it may help you avoid some of these all-too-common missteps. Buying the first policy you see. Anyone interested in life insurance should take the time to compare a few […]
Qualifying for a Disability Retirement Under the FERS
Should you have to leave your federal job early, would you be eligible? You may anticipate working for the federal government until you retire. One question is worth considering, however: what if you have to leave your federal job because of a health issue before you reach retirement age? Is a disability retirement then in […]
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TSP Withdrawal Options Are Changing
New rules could soon mean more flexibility. By 2020, federal employees with Thrift Savings Plan (TSP) accounts should have new withdrawal choices for their invested assets. New rules are scheduled to be implemented through the TSP Modernization Act, permitting TSP participants more flexibility.1 The TSP withdrawal rules have been strict for many years. Too strict, […]
A Retirement Gender Gap
Why a middle-class woman may end up less ready to retire than a middle-class man. What is the retirement outlook for the average fifty-something working woman? As a generalization, less sunny than that of a man in her age group. Most middle-class retirees get their income from three sources. An influential 2016 National Institute on […]
Retirement Newsletter – April 2018
What that first year of retirement may teach you – when any plan is followed through, there are lessons to be learned and refinements to be made. That certainly holds true for retirement plans. […]
Retirement Newsletter – March 2018
What Will $50,000 Be Worth in 25 Years? If you are on the verge of retiring, this question is well worth asking. You cannot know what the exact answer will be; you can, however, anticipate that it will be worth less. […]