Money, or lack of it, is a big concern for lots of people throughout their lives, but when we near the age of retirement, this concern can intensify considerably. Retirement brings freedom and a world of possibility, but without a regular wage coming in, it can be difficult to imagine how we will live comfortably,…

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Retirement is something that not everyone likes to think about. It can be daunting for some as they may wonder how they’ll cope on what they’ve managed to save so far and the implications this could have on when they can retire. However, ignoring retirement doesn’t take away its inevitability. It’s best you start making…

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If you’re thinking about planning your retirement but need more information about it, then you’ve certainly come to the right piece of information online. What is Retirement Planning? When you’re employed, you don’t need to worry much about your source of income. You know that you work for your employer and in return they pay…

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Retirement Benefit Changes in 2015

Starting next year, there will be important changes to your Social Security, Medicare, Individual Retirement Accounts, and 401(k)s. Here are the new features your retirement benefits will have.  Social Security – Recipients will see a 1.7% increase next year for the annual cost-of-living adjustment. For those working, you will still be paying 6.2% of your income…

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An Individual Retirement Account (IRA) is a great way to save for retirement. An IRA also can be a great inheritance for your heirs – if done properly. One wrong move and you may owe a huge amount in taxes. The biggest benefit of an IRA is the tax benefits. All of the interest, dividends…

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In order to maximize your retirement benefits, it is important to meet certain deadlines. If you don’t take action on these age-based cut-off dates, you can trigger penalties, fees, and miss out on extra benefits for social security, IRAs, 401(k)s, and other retirement accounts. Make sure you take these important ages for retirement into account when…

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Getting Ready for Retirement When you retire, you have more control over your time, and finally have enough leisure to do what you want. While taking control of your time may not require a lot of advance planning, taking control of your retirement finances does. You need income you can count on, year in and…

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