Savings Corner

DECEMBER 25, 2023

Setting retirement goals When it comes to retirement planning, it’s hard to meet goals you haven’t set. An IRA, or individual retirement account, is a tax-advantaged account that savers open on their own through a bank, credit union or brokerage. A 401(k) is a retirement plan offered by a private-sector employer.

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Calculators 401K Taxes Goals 40

Prairie Eco-Thrifter

MAY 6, 2016

When I retired, I used this method to re-invest the proceeds from my company 401K (that I had rolled into an IRA). It caught me by surprise that the stocks/mutual funds in which I invested while in the 401K could not be transferred in kind to my IRA. Instead, they had to be sold within the 401K and the proceeds reinvested in the IRA.

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401K Money Emergency Fund Goals 100

Prairie Eco-Thrifter

JUNE 11, 2012

Each one comes with advantages and disadvantages; the trick is to limit the disadvantages to achieve the best result. Your goal is to achieve capital appreciation rather than get good dividends. Make your goal to create an income from your investment. Generally, this goal is best achieved with corporate or government bonds.

Taxes 187

Taxes Goals Advantage 401K 187

Prairie Eco-Thrifter

JANUARY 12, 2014

Vanguard’s Personal Financial Planner thought I should change invest all my retirement money in bonds when I moved it from my 401K to an IRA. We are all different, with differing financial situations, goals and tolerances, but we are all statistically living longer as well. The bond market was at a high at the time.

Money 170

Money 401K Bank Banking 170

Prairie Eco-Thrifter

JULY 4, 2011

They are also there working with you to help you reach your goals; even those financial goals. If we put our mind and actions to reaching a goal then we will complete it. Kevin Mulligan from RothIRA.com’s Retirement Planning Blog tells us how to Take Advantage of Retirement Accounts for a Side Business.

Personal Finance 240

Personal Finance Finance Family Debt 240

Prairie Eco-Thrifter

JUNE 14, 2012

Franklin presents Traditional and Roth IRA posted at Retirement Planning , saying, ” Many taxpayers puzzle over whether to contribute to traditional versus Roth tax-advantaged retirement plans. For most people, contributions to traditional tax-advantaged plans will probably provide a higher net present value over their lifetimes.”

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Money 2012 June Credit Cards 124

Prairie Eco-Thrifter

MAY 10, 2012

John presents The Goal of Work is Retirement: Rule 10 posted at Married with Debt , saying, “This is Rule 10 in my 10 Rules to Eliminate Debt and Change Your Life The reasons I started Married with Debt are twofold: to help people get out of debt, and help them change their lives. I find myself looking more and more often.

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Money May 2012 Debt 113