Opportunity Cost and Your Long Term Care Decision
Are you considering long term care insurance but are balking because you don't think you will ever need it? Here is an approach that does not require annual premiums and provides a tax-free benefit to your heirs if long term care is never needed.

SEP IRAs: A Path to More Retirement Income?
Do you have your own business? Do you have a 401(k) at work and have self-employment income on the side? If so, the SEP IRA may be one alternative to building a bigger retirement nest egg.

IRAs and Early Retirement
If you retire early and roll your 401(k) into an IRA, what is the best way to take out income to live on? What are the rules? What are the penalties for taking money out before the magic age of 59 1/2? What are the exceptions? What are the work-arounds?


Simplifying a Difficult Senior Planning Decision: The Family Home
Whether or not to sell their home is one of the biggest sources of consternation to seniors. Here are reasons to stay put and ways to remain in the home and get the equity out.

Who Should Be the Beneficiary of Your IRA?
Why is making the proper beneficiary election for your IRA important? Does your election follow the rules? Is it the best one for your family circumstances? Is there a better one? Find out by taking a look a few common beneficiary elections and their results.


IRA Distribution Rules at Death: Critical Knowledge for Good Decisions
Your IRA could be one of your biggest assets. Do you know the IRA distribution rules at death? Do you have your IRA set up so your desires match the rules? Here’s a quick primer that could help you avert costly mistakes.

Roth IRA Distributions at Death: Pitfalls to Avoid
Your IRA may represent the bulk of your estate. Care must be taken to assure that your wishes for the distribution at your death follow the rules. Here are the rules and several common mistakes to avoid.

Roth IRAs: Test Your Knowledge
Roth IRAs are popular, but the rules are complicated. Take this quick 5 question quiz and see if you are up to speed on the Roth IRA.

Looking For Another Income Tax Deduction? You Might Qualify For an IRA and Not Know It
Are you searching for another income tax deduction and wonder whether you qualify for an IRA? If so, here are the new contribution rules--some brand new as the result of the Pension Protection Act of 2006.

Top 10 Useful Ideas to Plan for Your Retirement
If you are serious with your objectives in life, then it is now time for you to start thinking where and how to start with your retirement planning. There are essentially top ten useful moves to take when preparing for retirement. These steps must, however, be considered as they can help you obtain a comfortable life in the end after you quit from the work force.

No Cold Soup at Your Retirement
All retirees hope that they will have enough cash to see them comfortably through their retirement years. The alternative is obviously more ominous – that they will outlive the comfort of their savings. The truth that most baby boomers have yet to comprehend that even through they will have their parents savings and life insurance plans to live off of we are living longer. Baby boomers will need to carry themselves on their retirement savings many times longer than life span that actuaries used in their precious calculations.

Want A Better Retirement Plan? Own Your Own Business
Owning your own business allows you to take advantage of the high return retirement plans available to entrepreneurs and become financially independent.

The Hurrier I Go the Behinder I Get
When are Social Security checks potentially loans and not benefits? Why, when you have "excess earnings" of course. In today's economy, many senior citizens still work during their "retirement" either because they want to or, all too often, because they must to make ends meet. Retirees who wa

Retirement Q&A: Understanding Your Options For Retirement Communities
* What are Active Adult Communities? Active Adult Communities are specially designed communities for those who are age 55 and above. They are designed for a lifestyle best suited to their age. These are for couples who have no children living with them anymore. They can enjoy living in this kind of community along with other people in their own age group. Here there are two to three bedroom houses being offered to their community members. These active adult communiti...

Working In Retirement
Most experts on the subject believe that the Social Security system will be bankrupt in about 15 years. However, some new studies have offered a ray of hope. They seem to indicate that the assumption that the boomer generation will retire at 65 or 67 and sit back to collect their social security checks is incorrect. They believe a sufficient percentage – some estimates are as high as 80% - will continue to work in some capacity or another, relieving much of the pressure o...

A Car Loan For People With Bad Credit
Most banks have strict policies about whom they will lend their money to and for what the money will be used. They will not grant you a car loan for a used car which is older than five years. They charge higher interest rates on loans for used cars than on loans for new cars. And very rarely do they grant loans to people who fall under the “subprime” category. A person who is considered a subprime borrower is one who has a blemished credit history. He may not be paying his...

How many years do you have left until you're 65?
Reality Check - Whether retirement is just around the corner or have many more years to go, setting yourself up for retirement is key and must start now.

Advice For Seniors - Working Your Way Through Retirement
Caring for the elderly can be daunting and challenging at times. It is something to that everybody has something to worry about sometime. Everyone gets old in each and every family, and at the very least, most people have a relative of an advanced age. This stage poses a lot of uncertainty and behavioral change that the person himself/herself is unaware and can hardly control. 1. Theory on Behavioral Change Among Elderly Each of life’s stages are characterized by unpre...

The Retirement-Savings Vs. College-Savings Dilemma
Before a child is born, every parent considers (even if briefly) the cost of raising a child and to put them through college. And the question about saving money that you’ll consider at some point is: how do I evaluate whether I should be saving for my own retirement or saving for the kids’ college? The obvious answer is to save for both. But few young parents have the earning power and lifestyle discipline to have extra money left over at the end of the month. It simply i...

401k Retirement Plans Explained
401k retirement plans are special types of accounts, financed through pre-tax payroll deductions. The funds in your account are invested in various ways. Your funds can be invested through any number of stocks, mutual funds, and other ways, and it is not taxed on any capital gains or interest until the money is pulled out or withdrawn. Congress approved this retirement savings plan in 1981, and its name was rooted from the section of the Internal Revenue Code that contains it...

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