Retirement Planning Basics

Getting Close to Retirement? Things to Think About

Once you’ve built a retirement nest egg, you’ll need a strategy for how to use your savings in retirement. Here are some things to keep in mind. Choose investments that fit your stage of life As you move towards retirement and have less time to recover from unexpected losses, you’ll want to assume less risk. …

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Retirement Planning Basics

You Lost Your Job – What do you do with Your 401k Plan?

It’s stressful to lose your job. It’s additionally stressful to have to decide what to do with your 401(k) during this time. Here are a few options to help make this decision easier. If you’re fired or laid off, it’s your right to move money from your 401(k) account to an IRA (Individual Retirement Account) …

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Retirement Planning Basics

Understanding Retirement Plan Fees

High fees can eat away your retirement savings, make sure you know what you’re paying. Many people don’t know how much they are paying for their retirement saving plan. Unfortunately, it’s all too common that people are paying high fees. Make sure you know what you’re paying, this will help make sure you’re on track …

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Financial Jargon

Understanding Mutual Funds

Although mutual funds seem complex, they’re simply professionally managed investment funds that combine money from investors to buy other securities. These can be stocks, bonds, and other assets.  Many retirement plans offer the option of investing in mutual funds. These are some familiar types of mutual funds. Balanced Funds These funds invest in both stocks …

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Retirement Planning Basics

Five Ways to Reach Your Retirement Savings Goal

Successful investing will help you reach your retirement savings goals. To do this, you’ll need to assess your goals, review your options, and routinely check on your investments. The following tips will help you. Start today. The sooner you begin investing in your retirement plan, the more time you benefit from years of compounding growth. …

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Retirement Planning Basics

Employer Match, a Great Benefit

Always take advantage of an employer-offered 401(k) match. It’s rare to receive free money, but that’s what a 401(k) match from an employer is. A “match” is when an employer contributes money to your 401(k) account when you put money into it from your paycheck. An employer’s match is a percentage of what you contribute …

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Retirement Planning Basics

Emergency Savings, Everyone Needs them Sometimes

An emergency savings account is necessary for your financial well-being. Life’s unexpected surprises often have financial costs. However, with a little planning, an emergency fund can help you to successfully weather these small storms. An emergency plan will also help you to avoid using high-interest credit cards, personal loans, or prematurely withdrawing money from your …

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Retirement Planning Basics

The Benefits of Saving Early

Start small, save early, and let the power of compounding work for you. Simply put, the earlier you begin saving, the better. Regardless of how much money you make, or how far away retirement may seem, it’s never too soon to start saving in a retirement plan. Waiting even a few months, could mean less …

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Retirement Planning Basics

Plan Your Road to Retirement

When you want to buy a house or a car or even go on a special vacation, you probably can actually “see” the goal you have in
mind, and that helps you plan and save enough to achieve the goal.
The same should be true for your retirement.If you can’t visualize where you’re heading…

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