Financial Planning

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.

What are Custodial Accounts, and How Do You Use Them?

What are Custodial Accounts, and How Do You Use Them?

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 […]

Will You Have Enough for a Comfortable Retirement?

Will You Have Enough for a Comfortable Retirement?

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 […]

How to Open a Roth IRA Account (or a Traditional IRA)

How to Open a Roth IRA Account (or a Traditional IRA)

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 […]

What is a SEP IRA, Advantages, and Contribution Limits

What is a SEP IRA, Advantages, and Contribution Limits

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 […]

Why You Need an IRA Even if You Have a 401(k)

Why You Need an IRA Even if You Have a 401(k)

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 […]

Preparing for the Non-Financial Side of Retirement

Preparing for the Non-Financial Side of Retirement

When planning for retirement there’s an overwhelming tendency to focus on the financial side, and as well as should be. Without a solid tax-deferred retirement plan there would be no retirement for most people. But there’s […]

A Guide to Withdrawing Money from Your Retirement Accounts

A Guide to Withdrawing Money from Your Retirement Accounts

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 […]

Traditional and Roth IRA Contribution Limits for 2012-2013

Traditional and Roth IRA Contribution Limits for 2012-2013

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 […]

Maximum 401k Contribution & Catch-Up Limits for 2012-2013

Maximum 401k Contribution & Catch-Up Limits for 2012-2013

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. The catch-up […]

Stopping Retirement Contributions to Get Out Debt

Stopping Retirement Contributions to Get Out Debt

There is a general consensus that when it comes to retirement contributions you should start early and never stop. But there may also be times when contributing is either undesirable or even impossible, and you’ll need […]

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