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
Debt is a perniciously double-edged sword: On one hand, it strangles debtors by soaking up income that must go straight toward high interest rates. On the other hand, it cuts debtors off at the knees by keeping them from saving that extra income for retirement. For those who plan on retiring with ease who do not have a pension, that is a problem.