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retirement plans Tag

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17 Oct Valid reasons to cash out on your 401(k)

Maybe you’ve changed jobs and forgotten about that 401(k) along with the names of your old coworkers’ kids. Or maybe you haven’t quite forgotten about it, but you thought it was best not to touch it. But life happens, right? As much as we’d all like to save money for the golden years and retire like royalty, as the one and only Mick Jagger put it, “You can’t always get what you want.” I’m going to go into reasons why you may not want to touch the money in your 401(k). And then I’ll talk about reasons that may justify it....

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14 Mar Retirement plans for small business owners

Retirement Plans for Small Business Owners   Retirement. Just one word can elicit everything from excitement for those bucket-list vacations to the stress of planning for those golden years now while you’re working and able. Perhaps you’re more worried now about your child’s education, or paying for that dream condo in Los Angeles, but the truth is that nowadays more people are living longer, and fewer people are saving for retirement. Did you know . . .? The average retirement age is 63. The average length of retirement is 18 years. The average savings of a 50-year-old is $42,797. Out of 100 people...

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