Retired? Don’t Stop Saving Yet!

When it comes to retirement savings, a lot of emphasis is put on saving money leading up to retirement. But what happens after you retire? It’s important to know that your money will last as long as you need it to, so don’t throw your financial plan out the window just yet. Here are 5 reasons to keep saving after you retire:

[Read more…]

Retirement Planning: A Recipe For Success

Planning your investments to build a retirement fund can be a dizzying prospect.  The various questions and options and details and accounts and amounts are enough to make anyone’s head spin.  Wouldn’t it be nice if there was a generic recipe for success?  A nice neat list of step by step instructions on how to make the best decisions on where, when and how much when it comes to investing for your retirement.  Unfortunately, this list of steps is incredibly dependent upon each individual and their current situation and future plans, so a sure fire success route doesn’t exist.

But before you stop reading, there are a few broad steps that most financial professionals agree will most likely lead you down the right path.  By investing your money in retirement accounts by the priority of which will give you the most return, you can take advantage of what each has to offer.  Here’s the order that is suggested for the majority of people in terms of retirement accounts.

[Read more…]

What is a 401K?

Of course you’ve heard of a 401k, but what exactly is it, and how do you manage one successfully?  401k plans are an excellent addition to your retirement planning and serve as a dual-feeding investment between you and your employer.  And even though there is an equal monetary deposit between both you and your employer, there are other aspects of the 401k plan that may or may not bode well for your financial plan.  In the very least, we will break down the nuts and bolts behind the 401k and give you the tools you need to decide whether it is right for you.

[Read more…]

2014 Financial Resolutions

This time of year, a lot of us start making New Year’s resolutions. We want to get in shape, quit smoking, spend more time with our families, etc. As 2014 quickly approaches, it’s important to consider making resolutions that will keep you financially fit as well. Here are a few resolutions to help you kick those bad habits that may be holding you back from reaching your financial goals:

[Read more…]