The term Simple IRA is actually an acronym for Savings Incentive Match Plan for Employees Individual Retirement Account. It is designed to be more affordable to maintain than other retirement plans. In fact, the Simple IRA can allow a business owner to save and invest more money than they could through an ordinary retirement account.
Understanding Your Rollover IRA
When you change jobs, one option is to move your old 401(k) plan into a rollover IRA with a brokerage firm. This offers several advantages because a rollover IRA will allow you to invest in stocks, bonds, mutual funds, and other assets that are simply not available through more employer sponsored retirement plans. At the same time, you get to...
Want to Invest and Get Seriously Rich? Find the Right Employer!
Did you know that some employers will actually pay huge bonuses to employees at the end of the year for them to build their retirement accounts? Firms that offer such programs can sometimes pay working dividends of up to 15 percent or more of base salary into profit sharing plans or 401k plans, just to name two examples, on top of other contributions the workers may have made.
How Every College Student Can Retire With More than $6.5 Million
Every college student can retirement with millions of dollars if they just put aside enough money and let it compound for decades. This basic overview of how to build huge retirement wealth from the time you enter college might help.
How Immigration Can Save Your Retirement
There has been a lot of controversy about illegal immigration. Yet, from a financial standpoint, amnesty for illegal immigrants may just solve the social security crisis.
How to Deal with Forced Retirement
According to a new study by Sun Life Financial, more than 20% of American workers are subject to forced retirement by layoffs, cutbacks, and shutdowns. In an age where pensions have gone by the wayside and the future of social security is in doubt, the report finds they often find themselves with half of the expected savings and investments...
The Refrigerator Problem
Why do most Americans spend more time shopping and researching new appliance purchases than planning for their retirement and examining their investment options such as exchange traded funds and mutual funds?
Surviving and Thriving in the New American Retirement System
For decades, there was a social contract in America between workers and businesses. Today, however, the middle class face nothing short of a crisis – social security is failing, the traditional pension has gone by the wayside, and the rising cost of health care have made it almost impossible for most businesses to afford decent coverage while withstanding calls from investors to maintain their profitability.
About Retirement Planning
Learn about retirement planning on the About network.
Six Steps to Retire Rich
These six easy-to-follow steps can help you retire comfortably.
Contribution Limits Guide
Retirement account limits such as Roth IRA contribution limits, Traditional IRA contribution limits, 401(k) contribution limits, and much more are all consolidated here to make it easy for you to calculate how much you can put away for your golden years. Adhering to these limits is important because otherwise you may have to pay an excise tax on the surplus. In other words, you just wrote a ve…
SIMPLE IRA Contribution Limits
The SIMPLE IRA contribution limit is set by Congress. This guide to the SIMPLE IRA contribution limit will show you the current caps in effect at the time, including explaining the tax treatment of contributions.
Do You Max Out Your IRA and 401(k) Contribution Limits Each Year?
How much do you contribute to your IRA or other retirement plans such as 401(k) accounts? Do you think people should always contribute to the maximum amount allowed or is it better to only go to the point you get matching money from an employer, such as a 401(k), and use any extra money to pay down debt? By sharing how you approach your retirement planning, you may help other readers who are reading this page right now!
What Is a Required Minimum Distribution?
When you reach retirement age, you will encounter the required minimum distribution. The RMD determines how much money you have to take out of your IRA, 401(k), or other accounts.
What Is a Defined Benefit Plan?
A defined benefit plan is a type of retirement plan such as a pension, which is very different from a so-called defined contribution plan, such as 401(k).
Converting Your Human Capital Into Financial Capital
Before you retire, your main goal is to convert your human capital into financial capital that generates dividends, rents, and interest income upon which you and your family can live.