Retirement Planning – SBLI Sharing Advice with Baby Boomers

If you are one of America’s 78.2 million baby boomers, you are likely considering what ideal retirement will look like, and the steps required to achieve it. With the current economic downturn, many boomers are finding it necessary to revisit their initial retirement goals.
Consider the following ABC’s of retirement planning:
A: assess your financial plan [...]

DB(k) plan – New Way to Save for Retirement

Pension plans are almost extinct in the private sector, though once common in the workplace.
But the changes in pension laws that will go in effect in January could revive so-called defined benefit pension plans in a new form.
If a employer has 500 or fewer employees, you may see a new plan called a DB(k). It [...]

Seniors can skip IRA withdrawals this year

Late last year, Congress approved legislation that waived the minimum withdrawal requirement for 2009. Unfortunately, the relief came too late for seniors who were hoping to avoid taking a withdrawal in 2008. Many IRAs plummeted in value last year.
Still, deferring a withdrawal in 2009 will enable your IRA to continue to benefit from this year’s [...]

Seven Steps to Supercharge Retirement Savings

One of the areas of an investors’ portfolio that sorely lacks proper attention is the 401(k) plan. According to Chip Workman, Lead Advisor with Cincinnati-based The Asset Advisory Group, a 401(k) is often the single largest asset an investor has for their retirement savings. “These accounts are taken for granted or simply ignored far too [...]

Should financial advice for men and women be different?

The reality is most Americans may be underprepared for their financial futures. Taking control of your financial future may be even more important for women than it is for men. Here are four reasons women need to invest and save actively.
1. The earnings gap
Even today, men tend to earn more than women. [...]

Retirement Savings Low to Nil at 40

Are you reaching your forties, and you do not have a good savings that will enable you to stop working any time soon? Well, even if you have a poor prospect for retirement, there is good news. There are opportunities to quickly regain the years it looks like you have lost. And there are several [...]

The Importance of Retirement Planning

For most people, the idea of planning for their own retirement seems redundant. After all it’s so far away that it seems unimportant to many people, or they believe they’ll worry about it later. Other people may believe they’ve left it too late to start, so they simply do nothing at all to work on [...]

Taxes and Your Investments

Ordinary income taxes on short-term capital gains and interest income can go as high as 35%, while long-term capital gains and qualified dividend income are taxed at rates not exceeding 15% (0% if you are in the 10% or 15% tax bracket). One way to help maintain your portfolio’s growth potential is to invest in [...]

Look who’s stalking your retirement

If you’ve recently left a job or retired, you may be getting advice from your financial adviser or broker to roll your 401(k) or other qualified retirement plan into an IRA.
But if you’ve been fielding irate calls or notices from creditors, or worry about the impact of a creditor judgment from medical bills or a [...]