Check Your Retirement Benefits

It’s important to plan ahead, especially if you’re getting ready to quit earning income. In the years leading up to retirement, check your retirement benefits regularly to ensure that you’ll have enough income to successfully make it through retirement. Double (and triple) check the numbers, because it’s hard to go back to work after you’ve […]

How to Take your Required Minimum Distribution (RMD)

After you reach age 70.5, the IRS requires that you take distributions from pre-tax accounts. The reason is that the money has never been taxed before, and removing that money from tax-deferred accounts will result in revenue to the US government: when you take a distribution, you’ll generally owe income taxes.   Uncle Sam doesn’t […]

When Debt Brings you Down

This post is part of the World Suicide Prevention Day blog tour. If you or someone you know is feeling suicidal, please call the National Suicide Prevention Lifeline at 1-800-273-8255 or visit Being in debt – a lot of debt – can be overwhelming. For some, it can become a dangerous situation. This article is intended to be a resource for those who […]

Signing up for your 401k? What you Need to Know

Signing up for your 401k can be complicated – but it’s probably not the most difficult thing you’ll do this month. The most important thing is to simply get it done so that you can let it run on autopilot while you build up savings and focus on other things. If you’re not sure where […]

Money and Happiness

They say money can’t buy happiness, but the situation might be more complex than that. It’s certainly true that wealthy people can be miserable and poor people can be extremely happy, but money can have some effect on your level of happiness. It might even make a huge impact in your life. The popular saying about […]

Should You Invest in Stocks? It Depends

When saving for your goals, investing in the stock market is just one of your options. But it’s a confusing and sometimes scary option, so you might wonder if it even makes sense to invest in stocks. Should you Invest in Stocks? Why? As with any financial topic, the only responsible way to answer the […]

How to Sell an Annuity (or Payments)

Annuities do not have a reputation for being flexible, but you can often sell your annuity and get cash if you need to. Getting out of an annuity may be difficult – and expensive – so it’s not a decision to be taken lightly. There are generally two ways to get a lump sum from […]

Should you Invest When the Market is High?

The market is supposed to go up, but somehow a strong stock market can make investors nervous. The idea is that whatever comes up must go down, and a market reaching for new highs must be about to head south. You’ve probably heard that you’re supposed to buy low, and you may have trained yourself […]

401k Losing Money – What to Do?

When your 401k loses money – whether it’s due to market turbulence or fees – it’s important to understand what’s happening. Then you’ve got two choices: do something, or do nothing. Market Turmoil The most dramatic losses in 401k plans come from market losses: the things you buy lose value (or “go down”), and your […]

Be Like a Roth Investor

Want to be a smart investor? The Investment Company Institute’s recently released The IRA Investor Profile might show the way. It shows that Roth IRA investors in particular are doing a great job – it seems that they focus on all the right things. Possibly the most important factor in your retirement is behavior: what […]