Saving for your retirement is important, and it is likely you have either a 401(k) or Individual Retirement Account (IRA) set up for that purpose. However, funds have fees that decrease the total amount available at retirement. One fee that can decrease a total balance is an expense ratio, which is a fee that exists on all retirement funds and is one of the most important fees to understand.
Topics: investment fees, Near or in Retirement, Saving for Retirement, hidden investment fees, investment expense ratio, what is an expense ratio, average expense ratio, what is a good expense ratio, expense ratio, expense ratio formula
The sheer number of options available to plan for retirement, and their confusing names and acronyms, can make you want to avoid the process altogether. For instance, IRAs are a type of investing tool that allow you to set aside money specifically for retirement, but they do not come in a one-size-fits-all package. There are several types of IRAs you can choose from based on your situation. Some are tax deductible, and others are not, but all have tax and other related benefits.
Topics: Near or in Retirement, All, Saving for Retirement, 401k investing, what’s the difference between stocks and bonds, what is a money market account, what is a stock, what is a bond, investing for retirement
Social Security - and its security as a social welfare program - is a hot topic every election year. The clock is ticking to the end of the current program's solvency. The need to make politically tough changes to keep it afloat, combined with the dearth of retirement savings and numbers of baby boomers retiring now, can and should make all adults worried about Social Security and money for retirement.
Topics: Near or in Retirement, All, Saving for Retirement, social security facts, What You Don't Know About Social Security Benefits, the future of social security, problems with social security, should I worry about social security, when will social security run out