The world is changing in unprecedented ways. As you near or are already enjoying your retirement, you know that firsthand. You’re watching the news, the legislation, and the markets to see how all three could affect your retirement portfolio. Here, we break down the most recent information regarding the stimulus plan and retirement contributions and…
Saving for retirement should be a long-term goal, not a short-term target. Becoming financially literate can help you achieve that goal, enabling you to estimate how much to save for retirement and which types of accounts can help you get there. Become More Financially Literate Financial literacy can be empowering. For example, a 2021 survey…
Even with the recent extension, the tax filing deadline is around the corner. Are you ready? Here are the main things you need to know—some of the top IRS tax tips—for a smooth, stress-free filing. 1. IRS Delays Tax Day—Check Your State’s Deadline Typically, your federal tax return must be submitted every year by April…
Retirement feels like it’s years and years away. You love living in the moment and embracing everything life has to offer right now. Overlooking the future, however, could leave you less than ready for an enjoyable retirement. Watch for these five signs that could mean it’s time to ramp up your approach to retirement savings.…
Are you worried that the grass in your golden years could be greener in another state? You may be right. Freshen your perspective with our list of the top six states for retirees seeking financial security. Some states offer abundant sunshine or an array of entertainment options. Then there are states that provide a good…
While a financial plan looks great on paper, the real transformation occurs when you put your plan into motion. Spring into action and jump-start your financial plan today. We’ll show you how! 1. Set Reminders It can be easy to create your financial plan and essentially forget it. However, it’s vital to set calendar reminders…
You’re looking ahead to your golden years, and it dawns on you that they’re right around the corner. You’ve been preparing for retirement your whole life and feel pretty financially stable. But as you get ready to meet with your tax professional, you wonder what more you could be doing. What do you need to…
A self-directed IRA might have “self” in the name, but it’s not an account you can set up and run entirely on your own. When you’re thinking about opening a self-directed IRA or rolling existing retirement funds into one, relationships matter. You’ll need to learn more about and potentially work with these critical parties: a…
A legacy is what you leave, including your assets and possessions, to your beneficiaries so you can create something that lasts and help provide for them in the future. When planning the legacy you want to leave, you should also think about the generation after you and how they will be able to build upon…
Have you put off planning for retirement because the task seems too big? While most Americans plan to retire by age 67, their finances don’t necessarily reflect that reality. According to one estimate, nearly two thirds of Americans have less than $100,000 set aside for retirement. You can stand apart from the crowd, though. You…
If you don’t have as big a nest egg as you’d like and need to know how to catch up on retirement savings in your 50s and even your 60s, don’t panic. You can still achieve realistic retirement savings goals with the following five tips, each of which includes suggestions for additional resources that are…
Maybe you just opened a Roth IRA. Or perhaps you’re taking an end-of-year look at an account you’ve been working to grow for more than a decade. What can you hold—and not hold—in your Roth IRA? Here we break it down for you. What Is a Roth IRA? First, let’s briefly explain what a Roth…
