Latest Retirement Articles

  1. Roth IRA Rules for 2012

    When you choose to invest in an IRA (Individual Retirement Account), you have the option to purchase a traditional IRA or a Roth IRA. Unlike a traditional IRA, a Roth IRA allows your money to grow over time and your gains are not taxed when you withdraw your money. While...
  2. 401k vs. 403b – What is the Difference?

    Depending on the job you take, you may be presented with the opportunity to invest in a 401k or 403b retirement plan.  Tax-exempt organizations, such as schools, hospitals and non-profit organizations typically offer a 403b, while for-profit organizations typically offer a 401k plan. Both plans allow you to contribute money...
  3. What is an IRA?

    IRA stands for Individual Retirement Account. These retirement savings vehicles were created to give people another way to save for retirement. In a nutshell, an IRA allows you to save for retirement and get a tax deduction for the money you contribute. As a result, your taxable income is reduced...
  4. What is a 401k?

    401k, IRA, 403b, 529…What does it all mean? The government loves acronyms, and every time there is a helpful savings program set up for ordinary people they usually name it after a senator or give it a code name. While the name doesn’t really matter, the savings programs do. When...
  5. Retirement Savings Calculator

    Planning for retirement is a must in today’s world. In the past, people worked at the same company for many years and often times earned a pension. Today, the world has changed and the burden of retirement saving has shifted from employer to employee. There are some great investment vehicles...
  6. What is a Roth IRA?

    A Roth IRA is a type of retirement plan that you may want to consider if you have maxed out your employer-sponsored 401k and are looking for other places to save for retirement. Not everyone can open a Roth IRA because of the income limits, but if you want a...
  7. What is Inflation?

    In 1960, a Ford Mustang cost $2,368. Today, a 2011 Ford Mustang GT will cost you $34,310. And that’s before you add any features. What the heck happened? Are mustangs that much better? Are people just crazy? Well, both are a somewhat correct, but the real answer is a concept...
  8. What is the Time Value of Money?

    Have you ever heard the saying “a dollar today is worth more than a dollar tomorrow?” If not, you have now. This saying refers to a fundamental concept in finance called the time value of money. The time value of money basically means that because money can earn interest (through...
  9. What is the Rule of 72

    Ever wondered how long it would take to make your money double? In the world of investing and saving, there is a simple way to calculate how long it would take. It’s called the Rule of 72. In a nutshell, the Rule of 72 helps you determine how long it...

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