Learn to live within your means and be debt free. Increase savings, invest to grow your money for retirement. Watch out for scams, scums and the schmucks of the financial world. Get more information from books and seek help from financial advisers.

Do not regret growing older. It is a privilege denied to many - Unknown.

Keep in mind, investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.

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Funnel Your Credit Card Rewards Into Retirement Savings

Saturday, April 9, 2011, 2:00 AM | 9 Comments

Historically, different credit cards have offered a variety of cash back rewards. For example, Frequent-flier miles, Cash-back rewards, Gas rebates, etc. Now you can funnel your credit card rewards into retirement savings. You can apply for Fidelity Investments’ new Retirement Rewards Card at 800-343-3548 or at Fidelity.com. After you have earned enough points, the card […]

Tips To Fix Excess Contributions To 401(k) And IRA

Saturday, December 11, 2010, 3:28 AM | 3 Comments

U.S. News & World Report – There are many ways to save for retirement. You can open a Roth IRA with a financial institution, contribute to a 401(k) or Thrift Savings Plan account through your employer, make contributions to a self-employed retirement plan, or use some combination of these accounts. Having several retirement accounts to […]

Social Security Benefits Will Not Increase Next Year

Saturday, October 16, 2010, 1:39 AM | 2 Comments

The Social Security Administration announced on Friday that Social Security benefits will not increase automatically next year. The reason is that inflation has been low for a couple of years now. This is the second year in a row that the benefits have not been adjusted for inflation. The Social Security Administration’s announcement applies not […]

Retirement Planning Must Be In Practice Not In Theory

Thursday, September 9, 2010, 8:00 AM | Leave Comment

There was a time when most folks would work for a company all their lives. They then would retire with whatever pension funds they had accumulated in the company. There were no planning per say for retirement. It was kind of given that along with social security, folks would retire relatively in comfort. So retirement […]

Problem With Carrying Debt Into Retirement

Tuesday, August 17, 2010, 6:51 AM | 2 Comments

Recently a new concept has been created that it’s OK to carry debt into retirement, including home mortgage. There is a big problem with that. Your income is a lot less than when you were working full time. You must service your debt, there is no way out. If the debt is at the proportion […]

Tax Advantages of HSA Save You Three Ways

Monday, August 16, 2010, 1:06 AM | Leave Comment

Health Savings Accounts, HSAs, are a good long-term savings vehicle because of their significant tax benefits. When used for qualified health care expenses, HSA offer a triple tax savings: Contributions are tax deductible Grow tax deferred Can an be withdrawn Federally tax free unlike withdrawing from IRA or 401(k) accounts. If your employer offers you […]

Revisit Your Retirement Portfolio For 2010

Tuesday, August 3, 2010, 9:39 AM | Leave Comment

More than half of the year is gone never to return. We already know we need to stash away some amount of money for retirement while still years away from the more active life [be active in retirement.] But what if you are already living in retirement or close to retirement. What can you do […]

Some Experts Suggest To Retire 401(k)

Saturday, October 31, 2009, 4:20 PM | Leave Comment

Time magazine online has a humongous – a 5-page description of 401(k) retirement plan – article on the topic of “Why It’s Time to Retire the 401(k)” written by Stephen Gandel dated Friday, Oct. 09, 2009. The author has talked about the plan starting from its inception 30 years ago to the present time. The […]

You Could Put Unused Vacation Days Into Your 401(k)

Saturday, September 26, 2009, 2:25 AM | Leave Comment

Your vacation or left-over sick days can pay you dividend if your company allows it. It can be any profit-sharing plan for that matter. Let’s hope your company amends its benefit plans to allow it. “The techniques are available for use with all qualified plans, which include 401(k), Keogh and profit-sharing plans but not IRAs […]

Ways to stretch your retirement income

Thursday, September 10, 2009, 8:30 AM | Leave Comment

Many Americans could see their money dry up before retirement ends. The reason can be shortage of traditional pensions, paltry savings levels and ever-expanding life spans. There are ways to stretch your retirement income. Most financial gurus agree that you reduce spending by at least 24 percent, according to a 2008 study by Ernst & […]