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.

How Safe is Your Pension and Can You Depend on it for Retirement?

If you are lucky enough to have a pension plan at work, your next concern is how much you can actually depend on it when you get to retirement. In other words, is your pension plan […]

What is a Pension Plan?

Pensions are sadly a dying breed of a type of benefits that reward employees for their loyalty for working for the same firm for a long time. With the newest batch of employees that are just […]

How to Create a Personal Savings Plan

How to Create a Personal Savings Plan

If you’re a dedicated saver and have been for most of your adult life, creating and maintaining a personal savings plan for just about any purpose is pretty easy. But if you haven’t been a saver […]

What is a Roth IRA and Everything You Need to Know About It

What is a Roth IRA and Everything You Need to Know About It

Today marks the beginning of the Roth IRA Movement. There is an astounding lack of knowledge about Roth IRAs in the public; this is especially true of the younger generations that have the most to benefit […]

What is an Early Withdrawal Penalty?

What is an Early Withdrawal Penalty?

Why would you give the government an extra cut out of your retirement nest egg if you didn’t have to? We all work too hard and save too diligently to just willingly give the Internal Revenue […]

Using the Rule of 72 to Predict How Much You Need to Retire

Using the Rule of 72 to Predict How Much You Need to Retire

Previously, I demonstrated a way to calculate your retirement needs. Now I am going to show you how to use a popular math trick, e.g., the Rule of 72, along with some historical inflation data, to […]

What is a Safe Withdrawal Rate in Retirement?

What is a Safe Withdrawal Rate in Retirement?

If you’re like me, you hope that working hard and saving diligently throughout your life will result in a healthy nest egg that you can live off of in retirement. You’ve tried to make the right […]

How Do You Handle Being a Stay at Home Dad in a SAHM World?

How Do You Handle Being a Stay at Home Dad in a SAHM World?

For the first 18 months of my son’s life, my husband was the primary caregiver. I had a higher earning potential, and went back to work after only four weeks of maternity leave. However, filling a […]

Should I Withdraw from My Traditional IRA or Roth IRA First?

Should I Withdraw from My Traditional IRA or Roth IRA First?

Retirement planning isn’t a cut and dry affair. It is complicated with many accounts to consider. Your decisions can greatly impact the quality of retirement you get to enjoy. What’s even better is that once you decide […]

5 Steps to Help You Achieve Your Long-Term Financial Plan

5 Steps to Help You Achieve Your Long-Term Financial Plan

Long-term financial success, for most of us, doesn’t just happen overnight. It takes planning (and adherence to your plan) to reach your financial objectives. You will need to ensure that you are ready for the challenges […]

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