Posts Tagged ‘retirement’
Retirement: Do You Plan on Working After Age 65?
Posted March 23, 2009 by Bernz
A generation ago, it was taken for granted that people would work hard at their jobs until their 65th birthday, then retire to a life of leisure. Most companies provided their long-term employees with retirement plans that made their post-work years comfortable. 
Today, however, workers are navigating a whole new employment landscape. Jobs are more transient than they once were. Workers are changing jobs and employers more often. Retirement packages are not a given any more and employees are lucky to find one that provides fully for the retired life. (more…)
Popularity: 69% [?]
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Tags: 401, 401k, early retirement, IRA, retire early, retirement, Retirement Planning, roth ira, working over 65
Posted in 401k, Career, Estate Planning, Financial Goals, IRA, Retirement Planning, Roth IRA, Saving Money, Simple IRA, Traditional IRA | 1 Comment »
Cleaning Up Your 401(k)
Posted February 25, 2009 by Bernz
If you are like most employees who have a company-sponsored 401(k) plan, you filled out all the paperwork when you first signed up, chose your investment funds from the list provided, and proceeded to forget it from then on. In the last 12 months, it is likely that every time you take a peek at your plan, it has gone down in value yet again. Best to just not look at it and hope for a miracle, right? Wrong!
While there is not much that you can do about the global recession or the sorry state of the stock market, you can take charge of your retirement funds, especially your 401(k). Every 401(k) has an option to buy and sell the underlying investment funds every so often. You may be able to make changes to your plan every three months or even every day. Find out when you will be able to change out your investments and then take some time to know what’s going on with your existing choices.
Popularity: 45% [?]
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Tags: 401k, index funds, IRA, retirement, retirement funds, Retirement Planning
Posted in 401k, IRA, Index Funds, Retirement Planning, Roth IRA, Simple IRA, Traditional IRA | No Comments »
A Penny Saved is Worth More Than a Penny Earned
Posted February 9, 2009 by Bernz
When I was young, my grandmother’s favorite saying was, “A penny saved is a penny earned.” At that age, money was an odd, far-away concept for me so I really didn’t understand what that meant until I was older. The old aphorism simply means that money we save is less money that we have to go out and make. It seems like a very simple truth, but, in fact, a penny saved is worth far more than a penny earned.
Consider this example. You make $10 per hour at your job. You have two choices: you can work an extra hour to make an extra $10 or you can save $10 on your grocery bill by cutting coupons for an hour. Each choice takes an hour of your time so, at first glance, they appear to be equal choices. But they are certainly not.
Popularity: 21% [?]
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Tags: penny stocks, retirement, Saving, Saving Money
Posted in Frugality, Misc, Saving Money | 1 Comment »
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