Archives For IRA

Are Young Adults to Be Blamed for Not Having Retirement Savings?

April 19, 2013 — 22 Comments

I was going through the Scottrade 6th Annual retirement survey for 2012. Compared to 2011 the trend seemed favorable to what we, the personal finance bloggers, want to see. Americans all across the board started saving more, spending less and the participation in tax deferred accounts increased. Boomers, Gen X are planning actively for their future

Retirement Saving

Scene is still not bright for Gen Yers, on the other hand still have a lot to catch up. Today’s young adults fall in this category, age 18 -28, to be precise. As per the survey, only 63% of working class gen Y hold tax deferred retirement account (employer’s 401(k) or IRAs). Still there’s a ray of hope:

Continue Reading...
In 401k, IRA, Retirement
permalink

What to do With your Annuity Investment in Retirement Plan?

March 25, 2013 — 8 Comments

Last time we talked about some do’s and don’ts of annuity investment.  Here’s a story about what to do with your annuity investment, if you are looking for some alternative. Let it be clear that if you are looking to rollover your annuity investment in to an IRA, you can only do it if your original annuity was bought under an IRA investment. Else you can’t roll over this in to an IRA account. Here’s an expert advice from CNN Money explaining the process.

Retirement Saving Options

I do not have any annuity in my retirement portfolio. I was planning to buy one but figured out that we are better served with employer 401(k) and TD Ameritrade IRA account that we have. We are young couple now and we can risk investing in variable return investment in our retirement account. We do not particularly want assured minimum fixed return that a typical annuity offers. If you have an investment already made in annuity and you want to cash out it, may this article help you.

Continue Reading...
In Annuity, Investment, IRA, Retirement , ,
permalink

Bolster Your IRA in 2013 with Gold

February 6, 2013 — Leave a comment

Over the last decade, many investors have experienced significant losses or underwhelming returns in their retirement accounts because of the violent fluctuations in the stock market. Even those investors who allocated capital into cash investments like CDs or savings accounts have failed to realize returns that have maintained pace with inflation.

Retirement IRA Option
However, those astute investors who placed capital into gold over the past decade have realized tremendous returns in their portfolio. As central governments print money to stimulate the sluggish global economy, the price of the commodity continues to rise. Investing in gold through your 401(k) or IRA retirement account is a savvy tactic for you to protect and growth your wealth.

Why gold?

Traditionally, gold is sold as commodity, but it can be purchased as numismatic coins as well. Unlike other commodities such as coffee or copper, gold doesn’t have many practical applications. Many investment professionals consider this an advantage for the precious metal to maintain its value because it doesn’t depend on a singular industry or sector of the economy. In addition, the price of gold traditionally rises as the price of other asset classes fall. (Related - The Better Investment – Gold or Silver)

Continue Reading...
In 401k, IRA, Retirement , ,
permalink

10 Retirement Plan Mistakes to Avoid

August 1, 2012 — 9 Comments

Although I am a financial blogger, I committed many mistakes. although my financial education was solid, still I had my financial bad days. One of them was not having a 401 (k) account or an IRA account as soon as I landed in this country and decided to stay here. Point is, anyone can commit mistakes financially, even experts.

There are many other mistakes people do, USA Today listed a few of them. CBS news claims that their list contains the biggest mistakes. Let me give you some practical advice here for my informed readers. I will not tell you to open a 401(k) account. I know you have a 401(k) or an IRA or Roth IRA, otherwise, that would be the biggest mistake you could do.

Continue Reading...
In IRA, Retirement, Roth IRA , , ,
permalink

20 Best Practices for Retirement Saving

July 2, 2012 — 22 Comments

Here are some scary facts on American retirement.

  1. 36% of Americans said they don’t contribute anything to retirement savings , like a 401(k) or a IRA.
  2. 35% of Americans over the age of 65 rely almost totally on Social Security alone.
  3. 55% of American workers have less than $2000 saved for retirement.
  4. Starting this year, social security fund outflow exceeds the total inflow from payroll taxes.
Here’s the US census data on use of retirement saving in american household.

Now, here are 20 steps you should take today to secure your future. First let me introduce you to the terminologies, in case you need.

Retirement Saving Terminology

Rollover:  Thisis the term used for funds that an employee and employer have accumulated and have options to be transferred when the employee leaves the job.

Continue Reading...
In Financial tips, Investment, IRA, Retirement, Roth IRA
permalink
Page 1 of 3123