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Articles in Retirement Planning

Qualifying for the Saver’s Tax Credit in 2014 and 2015
Sun, 11/23/14 | 4 Comments
Qualifying for the Saver’s Tax Credit in 2014 and 2015

Free money is great, so this post has been updated for the 2014 and 2015 calendar years.
What is the Saver’s Credit?
The Saver’s Credit (aka the ‘retirement savings contribution credit‘) is a lesser known, highly advantageous …

Gen Y Retirement Savings Goal: $2 Million?
Mon, 08/25/14 | 14 Comments
Gen Y Retirement Savings Goal: $2 Million?

According to 77% of 226 investment advisors, in a recent survey, the low bar for what Gen Y should save for retirement is $2 million.
One author and investment firm president was quoted as prescribing,
“For a …

$1 Saved in your 20’s Equals $10 Saved in your 50’s!
Mon, 07/14/14 | 25 Comments
$1 Saved in your 20’s Equals $10 Saved in your 50’s!

$1 saved in your twenties can be the equivalent of $10 saved in your fifties, if invested over time.
Hard to believe? It’s true.
Actually, $10.06 to be exact – at an average annual rate of return …

The Pursuit of More Money Trap
Wed, 06/11/14 | 8 Comments
The Pursuit of More Money Trap

Who doesn’t want to earn at least a little bit more than they are right now?
Back when I made $35,000 a year, I’d look to the goal of $40,000 as if it were the be-all-end-all …

Retirement Plan Rollovers Have you Confused? Check Out this Rollover Compatibility Chart
Wed, 05/14/14 | One Comment
Retirement Plan Rollovers Have you Confused? Check Out this Rollover Compatibility Chart

Have you ever wondered, “Hmmm… can I roll this retirement plan over to that retirement plan”?
Retirement plan rollovers can be confusing. Sometimes there are goofy rules around when you can do it or if you …

Self-Employed Retirement Plan Faceoff: SEP IRA vs Solo 401k vs SIMPLE IRA
Mon, 04/21/14 | 4 Comments
Self-Employed Retirement Plan Faceoff: SEP IRA vs Solo 401k vs SIMPLE IRA

While completing my taxes this year, I started noticing that I would have a sizable tax bill due from self-employment income unless I found a way to reduce my taxable income.
Our (my wife and I …


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