Before you create your next budget or monthly spending plan, there are a few things you should do.
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Financial health is always a concern. Given the current economic climate, retirement is not as stable as many people had hoped, and more and more people approaching retirement age are becoming concerned with their retirement income. Though stocks and investments have recently done poorly for many, those not wishing to be left with a minimum [...]
Continue reading about Three Ways to Increase Your Retirement Income
This year – 2009 – officially marks the 35th anniversary of the inception of the IRA, or Individual Retirement Account. Though these savings and investment vehicles have changed dramatically over the years, the fundamental principle is the same: preferred tax treatments as an incentive to save for retirement.
Continue reading about More Important Than Ever: Happy Birthday to the IRA
The Rule of 72 is a fantastic medicine in your financial health kit. One of the most common calculations people are interested in doing is figuring out how long it will take for their money to double, and this is a great way to do it quickly and with ease.
Over the past week we’ve examined the four types of Individual Retirement Accounts available to people in the United States: The Roth, Traditional, SEP, and SIMPLE accounts. Each has its options, requirements, and features which those eligible can utilize to increase their savings.
So far during IRA Awareness Week series, we have taken a look at the Roth and Traditional forms of Individual Retirement Accounts. Now we will finish by taking a look at the SEP and SIMPLE IRAs.
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This is the second account style we’ll look at in the IRA Awareness Week series: The Traditional IRA
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The Roth IRA (individual retirement account) is one of the most misunderstood financial tools available in America.
Continue reading about The Roth IRA Account: IRA Awareness Week
