Calculate your Financial Future
This article is by Kevin Mulligan. Kevin is a debt reduction champion with a passion for teaching people how to budget and build wealth for retirement. He’s building a personal finance freelance writing career and has written for RothIRA.com, Moolanomy, ING Direct, and many others. Follow Kevin on Google+.
There are few guarantees in life, but paying income tax is something you can always count on. When and how you pay taxes plays an important factor as you consider different accounts to use to fund your retirement. Do you want to pay taxes now and be done with them? Or would you rather put [...]
Benjamin Franklin’s famous phrase on death and taxes – “in this world nothing can be said to be certain, except death and taxes” – is true, but lacking in reference to retirement. Death and taxes are inevitable and have a big impact on your retirement planning. But there is one other factor that impacts your [...]
Many people have the goal of retiring as a millionaire, but for some the goal is just a dream due to poor choices. Having a million dollars in liquid assets inside your portfolio is a significant achievement, but one that does not require extraordinary effort if you start early. The key to retiring rich is [...]
Retirement is a time we all dream of. No more job. No more getting up and going to a job you probably don’t love every day. Being able to golf, travel, and do what you want. But there is a darker side of retirement that can happen if you don’t pay attention. A retirement where [...]
Nothing is more difficult than losing a loved one. The grieving process is full of sadness and tears. Learning of an inheritance from that loved one can be both a blessing and a curse. While no one wants to rejoice in losing someone, finding out that you are going to be receiving money can be [...]
As you go through your life, planning for your future is crucial. A retirement savings plan is a must these days. Social Security can not be relied on as was once the case. Taking the steps to guarantee your comfortable retirement years is an essential part of your life. Hopefully you have put money away [...]
Funding retirement isn’t as difficult as we make it out to be, but it isn’t a walk in the park either. You do have to save diligently and make wise investment choices as you move through life. However, the task of saving adequately for retirement can be severely hampered if you are a member of [...]
There are so many options available when you are deciding where to save money for retirement. You have pre-tax accounts like your employer’s 401k plan that give you a tax break today to contrast against Roth retirement accounts that have you pay tax today but never again. With the alphabet soup of retirement accounts floating [...]
401k. Roth IRA. Social Security. 403b. Investments. Where is your retirement income coming from? Have you paid taxes on that income already? Or will you be paying it when you receive the income? Consequences of Retirement Tax Strategies Whichever option you have selected, are you certain that it is the best choice for your retirement? [...]
Retirement today looks a lot different than it did twenty years ago. Where the population in the past planned on living off social security, today’s retirees need to focus on alternative methods. Retirees of the future will need to be even more diversified as the state of the economy remains in flux. Options for Retirement [...]
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