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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Tips For How Much Money Needed To Retire Comfortably

Thursday, December 22, 2011, 2:00 AM | Leave Comment

Searching for some information through my favorite search engine, I came across a statement. “There is no rule of thumb per say how much you need to retire comfortably.” Most financial advisers agree that, perhaps, the first few years of your retirement, your yearly income should be about 80% of your income just before you […]

How To Protect Your Retirement Accounts From Predators

Monday, December 19, 2011, 2:00 AM | Leave Comment

Oops! I meant to say creditors. Sorry for the slip up. You have earned a respectable income all your life. Now you are retired or out of work. In this lousy market, the value of investment in your retirement account is down and perhaps way down. What happens to your company-sponsored retirement accounts that you […]

Estate Planning Should Be Part Of Your Financial Sanity

Wednesday, December 14, 2011, 2:00 AM | Leave Comment

Many folks have estate planning done for the purpose of minimizing estate taxes. That’s just fine. But that should not be the only reason to have the plan. It encompasses a lot more than that, such as living trusts, retirement planning, probate, and other basics to consider. (Living trust is in operation during the lifetime […]

Update Your Financial Plan Annually For Retirement – Part 4

Saturday, November 19, 2011, 2:00 AM | 1 Comment

Ah! it was just just 40 years ago when I migrated to the U.S. Feels like a year ago. Feels like a dream. I never thought I would get so close to retirement. The good old days are behind me. The dreadful days are ahead. Living only on social security is not enough. There were […]

Why Living Longer Will Hurt the Economy

Tuesday, October 18, 2011, 3:00 AM | 3 Comments

Everyone wants to live into a very long and healthy retirement. It is human nature to protect ourselves and do everything possible to stay alive. In a recent interview on TechCrunch, futurist Sonia Arrison claims that our medical engineering capabilities will allow people to soon live well past the century mark and even up to […]

Steps For Rolling Over 401(k) Into IRA

Sunday, May 1, 2011, 2:00 AM | 2 Comments

A time may come that you are no longer satisfied with the performance your 401(k) retirement account. As we all know, it can be provided only by your employer. It is commonly known as employer-sponsored retirement plan. Because of this dissatisfaction, many people decide to move their money from a 401(k) to an IRA rollover […]

Withdraw Money From Retirement Without Penalty

Tuesday, April 26, 2011, 2:00 AM | Leave Comment

The unemployment rate is still very high so is underemployment. In some companies, the layoff is still going on. On the same token, some companies have begun to hire. Hopefully, you still have a job as more than 90% of Americans do. However, if you have been recently laid off, you might have a severance […]

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 […]