Category: Retirement

Americans Are Ramping Up Their Retirement Savings Efforts

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We hear a lot about the importance of saving for retirement, especially given the fact that Social Security can’t sustain seniors by itself. And while new data from Bankrate reveals that many Americans are doing a better job of saving this year than in years past, most workers haven’t managed to ramp up their savings rates in 2018. Americans Are … Continued

How to Save for Retirement and Pay Down Debt at the Same Time

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It’s not easy, but it can — and should — be done. If you’re among the 80% of Americans currently carrying some form of debt, it may seem like an impossible challenge to pay that down while also saving for retirement. Some people say it’s important to pay down your debt before you start stashing away money … Continued

3 Expenses That Will Probably Increase Once You Retire

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If you’re not planning for these expenses ahead of time, you could be in for a rude awakening.   In general, people tend to spend less during retirement than they did before they left their jobs. In fact, according to a 2015 study from the Employee Benefit Research Institute, median household spending dropped by about … Continued

3 Questions To Ask Before You Retire

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Millions of people are getting ready to retire but unfortunately most people do not have enough money to retire comfortably. To help solve this problem, here are three questions people should ask before they retire:   1. How much money do I need at retirement to generate the income I need? Most people need to … Continued

Retirees across America are Facing a Fiscal Crisis

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Uncle Sam isn’t the rich old uncle you thought he was           Getting older can be tough, and it’s going to get even harder. Social Security, the government benefit program designed to keep elderly, the disabled and other vulnerable populations out of poverty, doesn’t even cover half of living expenses in … Continued

What Is a 401(k) Retirement Plan and How Does It Work?

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What Is a 401(k) Retirement Plan and How Does It Work? A 401(k) plan is a good way for U.S. workers to save for retirement on a tax-advantaged basis. A 401(k) plan, named after the IRS tax code section that details 401(k)s, is an employer-sponsored retirement plan that enables career professionals to save money for … Continued

Trump signs executive order to boost retirement savings

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Trump signs executive order to boost retirement savings by giving Americans more time to keep their money in tax-deferred accounts and allowing small businesses to band together to offer 401(k)s. Trump described the order as a “very bold action to lower the costs of retirement plans so that they can become an affordable option for businesses of … Continued

Self Directed 401k Real Estate Investing

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Most people think about investing in real estate in their personal name or holding it inside an investment company (such as an LLC). But many people are discovering that there are other options, including Self Directed Individual Retirement Accounts (SDIRAs) or Solo 401k and the like for real estate investing. That’s right, you can hold … Continued

Pros and Cons of Multi-Family Investing

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Multi-Family investments are a wonderful way to create an additional income stream. As with any investment, there are pros and cons you should be aware of. In this Blog post, we will review the pros and cons of multi-family investments. The more you know about what to watch out for, the better decision you will make … Continued

YOUR PENSION IS UNDER ATTACK AGAIN

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“YOUR PENSION IS UNDER ATTACK AGAIN” Many retirees from public agencies believe their pension is completely safe and will always be the same. Your pension is “not completely sale” – your cost of living allowance (COLA) could be eliminated and other benefits could be reduced if the current California State Supreme Court upholds three anti-pension … Continued