401(k) plans remain the primary source for building retirement assets for millions of workers. Here are some ways to make the most of your 401(k):
As a celebration of this joyous Easter season, and the blessings God has given me in my lifetime, I would like to share some of my favorite words of financial wisdom from the Bible:
You may not be aware, but everyone is eligible for Medicare at age 65, even when the normal retirement age for Social Security benefits is later. We recommend anyone turning age 65 contact the Social Security Administration (www.ssa.gov or 1.800.772.1213) three months before the month of their 65th birthday.
Retirement planning does not end at retirement. The need to continue to grow assets to produce more income remains important for most.
Have you heard of the Stanford Marshmallow Experiment conducted in 1972 by a Stanford University psychologist?
Very few people could “save” enough for retirement with today’s long life expectancies and earlier retirements. If you just “save” – yet do not have growth that exceeds both income taxes and inflation, you are more likely to run out of money.
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