Even if you’re nowhere near retirement age, chances are you’ve been — or have recently begun — preparing for the eventuality of leaving a working lifestyle behind. A lot goes into retirement planning, and knowing where to start or how to make sure everything goes as planned can be daunting. That’s where the concept of “age banding” comes into...
As you plan for retirement, it’s important to invest your money in a way that maximizes your income in your senior years. In some cases, a Roth IRA conversion could get you closer to this goal by allowing you to pay less in taxes when you retire. Before you take this route, it’s important to understand the basics of Roth IRA conversions and...
Topics: Retirement, Investing
Diving into the choppy waters of financial planning can feel intimidating, especially when you realize just how many types of accounts there are. Thankfully, many experts agree there are a few accounts everybody should consider holding to keep your money organized, set you up for the future, and even help grow your wealth.
Topics: Personal Banking, Saving Money, Retirement, Investing, Financial Education, Budgeting
The principle of “The greater the risk, the greater the reward” is tossed around a lot when it comes to gambling with your financial life. The potential for a great reward attracts many investors, but it’s not guaranteed. Before you put your money into any investment, whether it’s high or low risk, you need to fully understand what you’re...
Topics: Retirement, Investing
If you’re like many Americans, you probably receive your health insurance through your job. However, when it comes time to retire, you’ll be faced with a difficult — and potentially costly — problem. Here are some tips for navigating the complicated world of health coverage in your golden years.Check with your current providerExplore how your...
Topics: Retirement, Healthy Living, Insurance
The investment landscape can be volatile and difficult to understand. But investing is a phenomenal way to add to your financial portfolio. The one thing it isn’t, though, is sentimental. That’s why factoring emotions into the way you manage your investments puts you at a high risk for making poor decisions and racking up losses.Disregard...
Topics: Retirement, Investing
Saving for retirement is meant to help you finance your future, improving your quality of life after your work years. The more you are able to set aside and the longer you allow that money to accrue, the more cash you’ll have to live on. Because of this, it’s recommended to defer taking funds from your retirement savings as long as possible —...
Topics: Small Business Lending, Business Banking, Small Business, Retirement, Entrepreneurship
Some of the most common financial advice you can receive regarding preparing for retirement is to contributing to a 401(k) plan, and usually, thanks to your employer, putting a portion of your earnings toward that plan every paycheck is easy. But where your money is being invested and at what age you’re investing it matters, so it’s important...
Topics: Retirement, Investing
Whether retirement is far off in the future or right around the corner, you need to start planning for it now. Starting with your 401(k), the following tips will help you navigate the complexities of saving money when you’re officially off the clock.401(k) 101Although there are a myriad of ways and accounts available to help you plan for...
Topics: Retirement, Investing