DO YOU FEEL SECURE ABOUT RETIREMENT?

What is the one thing we do not want to happen in retirement? I say death, but as this is an investment and finance blog- RUNNING OUT OF MONEY! Financial professionals recommend to maintain your current lifestyle in retirement, you need about 70-90% of your FINAL income, EACH YEAR. If your retirement final income is $100,000 you need $70,000 to $90,000 annual income. Because of the extension of life expectancy and ...

Read More

SMART PEOPLE (AND THE IRA) ARE INCREASING 2019 401-K, IRA, ROTH IRA OR SEP CONTRIBUTIONS/LIMITS

In 2018, the Federal Government increased maximum allowable contributions to retirement plans, such as 401-K, IRA, ROTH IRA and SEP plans. Why is Congress being generous and increasing retirement contributions? A. Congress really cares about our welfare. They want to help taxpayers. B. This is an automatic inflationary increase. Congress makes inflationary increases to contribution limits biannually. C. Congress is worried and panicking majority of Americans cannot afford to retire and will further ...

Read More