Should Parents Save Towards College or Retirement?

Recently, I posted a simple question on Facebook: “What’s the biggest personal finance struggle you have currently?” My goal was to check the pulse of what real people were dealing with when it comes to important decisions about money. Thankfully, I received many good responses that may be the inspiration for future posts, but one [...]

Sneak Peek at Health Insurance Costs in Retirement

Healthcare costs can be a big “question mark” for those looking to retire. So, here’s some rough anecdotal amounts that a “typical” retiree might expect to pay. Let’s define “typical”: a couple, age 65 or older, in generally good health, but perhaps on a few regular medications. I will assume that they do not have [...]

How to Pay a Zero Percent Tax Rate

Granted, this is not a strategy that everyone will be able to use. But… if you are one of the few who could take advantage of a completely legal way to pay ZERO in taxes, wouldn’t you want to know about it? So now that I have your attention, what am I talking about? Well, [...]

The State of the 401k

Source: examiner.com

Every year, the Plan Sponsor Council of America publishes a study on the state of retirement plans in the US. Here are some interesting highlights from their most recent study: The average plan has approximately 60.6 percent of assets invested in equities Companies contribute (including matching) an average of 4.1% of participant’s pay 1.8% of participants [...]