Articles in the Retirement Category
Retirement »
Building Wealth can seem like something you’ll never achieve for yourself and your family. Success with these steps will get you on your way!
1. Believe in Yourself: If you don’t believe you’ll be wealthy, I can pretty well guarantee you won’t be! (Hint: it’s not just a matter of how much money you make…). Master your psychology before you do anything else.
2. The Jones’ are Broke: Don’t be one of them! Most millionaires live simply and avoid debt because they’d rather have financial independence than fancy cars, huge houses and …
Retirement »
Now is a good time to check all your accounts and make sure your beneficiaries and successor (backup) beneficaries are accurate and up-to-date.
With so many banks changing hands and merging, you wouldn’t want your paperwork to be destroyed or lost.
Make sure ex-spouses are no longer your beneficiaries and that children who have come of age are properly designated as beneficiaries if that is your wish.
If you inherited an IRA, you’ll need to set up your own beneficiary.
If benefits are payable to the owner’s estate or to a charity, there is …
Retirement »
This is part of our Financial Literacy Month Question and Answer series
Question: Our children are starting high school and we want to be able to help with their college expenses. We also need to save more for our retirement. With time passing so quickly what should we do?
Answer: You are in a fairly common situation. We all want to do whatever we can for our children and we worry about retirement savings. In this case there are several things you can do:
The first …
