Category Archives: Retirement

One Way to Avoid a Potential White-Knuckle Ride Through Retirement

Have you ever noticed how few people over 60 years old are in line for the roller coasters at a theme park?

Why I Love Annuities, and So Should You

If you need reliable, guaranteed retirement income, annuities can be one of your best options.

Four Steps for a Financially Fit New Year

Most people reassess their financial strategies when things aren’t going well. The economy might be faltering, someone in the family has lost a job or experienced a medical issue. Rarely do people make changes when times are good and might

Leverage These 5 Retirement Tax Diversification Strategies

When you’re depending on your savings to do the heavy lifting in retirement, you need to wring out as much income as you can from every dollar of savings. However, if most of your savings are in tax-deferred accounts, you’ll

3 New Money Habits for 2020 (No. 1 Is Forget Budgets!)

After recently completing my second half-marathon race in October, I’m mulling my new fitness goals for 2020. At the very least, I’m considering running the same two races as I did in 2019 with the goal of beating my previous

Wealthy People Need Budgets Too: It’s Called Cash Flow Management

In our experience, ultra-high-net-worth individuals underestimate their spending by 25% on average — and sometimes by as much as 50%.

How Much Can You Contribute to a 401(k) for 2020?

One of the best and most tax-friendly ways to build a nest egg for retirement is by contributing to an employer-sponsored 401(k) account. If your employer offers this benefit, jump in as soon as you can, because it’s never too

How Much Can You Contribute to a Traditional IRA for 2020?

Unfortunately for retirement savers, the maximum amount that can be contributed to a traditional IRA in 2020 remains the same as it was in 2019. Let’s hope the limit is increased for 2021.

How Much Can You Contribute to a Roth IRA for 2020?

We’re sorry to say that the maximum amount that can be contributed to a Roth IRA in 2020 did not increased over last year’s maximum. At least the income limits for making the maximum contribution went up in 2020, though.

How Much Can You Contribute to a Roth 401(k) for 2020?

The maximum contribution limit for a Roth 401(k) has been raised for 2020. The “catch-up” contribution limit went up, too. That’s especially good news for workers who have access to Roth 401(k) accounts through their employer and expect to be