Financial Planning is a broad topic that spans your entire financial life. These articles cover your early finances, the retirement saving and planning process, the related topic of Social Security, your retirement, and finally estate planning. Additionally, check out related articles in these sections: investing, savings, and real estate and homeownership.
Financial Planning is a subsection of asset management.
When it comes to saving for retirement, it’s important to understand your options. Figuring out which type of account to use is a big deal. For some workers, understanding the difference between a 401(k) and a [...]
One of the items that many people rely on for retirement planning is Social Security. You know that you will likely receive Social Security benefits (although they might be reduced). However, Social Security benefits are also [...]
One of the ways that you can shelter some of your assets, and give your child a good financial head start, is to open a custodial account. A custodial account is one that you open in [...]
Retirement is something that many of us worry about. Most of us want to be comfortable in retirement, commanding the resources to get what we need, as well as live a desired lifestyle. Do you think [...]
You are probably aware of the importance of saving for retirement through some sort of tax-advantaged retirement account. One of the best ways to grow your wealth efficiently is to do so with some sort of [...]
SEP IRA is one of the many retirement plans designed to help self-employed individuals and small-business owners save for their retirements. With a SEP IRA, you can contribute up to 25% of your income with a [...]
Most of us like simplicity in life, and that even includes retirement planning. If you actively participate in the 401(k) plan with your employer, you may assume that you’ve got your retirement covered. But as the [...]
You’ve made it! All your diligent financial planning, spending less than you earn, and investing has finally paid off. You’ve reached retirement with a nest egg spread out across several retirement accounts. It is time to [...]
The contribution limit for IRAs increased by $500 for 2013 to $5,500. The maximum you may contribute to your Traditional and Roth IRAs combined is the lesser of $5,500, or the amount of your taxable compensation [...]
Based on 401(k) Resource Guide at IRS.gov, the combined total contribution you can make to all of your 401(k) plans (including traditional 401(k), Roth 401(k), and individual 401(k) plans) in 2013 increased by $500 to $17,500; [...]