"2nd" Retirement Archives

Where to Put Your Retirement Money

You may have questions about how to get the most from your retirement savings: Which retirement plans should I contribute to first? What's the most I can contribute? How do I choose my investments? We've got the answers. Where to Put Your Retirement Money You can save for retirement using several tax-deferred accounts, but sorting through them all can feel overwhelming. Here's how to prioritize where to invest your money. 1. Employee plans.... more

Nine Steps to Begin Retirement Planning

Military.com

The ebb and flow of the U.S. economy has made retirement saving without a plan difficult. If you do not have an Individual Retirement Account, Thrift Savings Plan or any other type of retirement saving vehicle, then it's time to start planning for your future. Here are nine retirement planning tips from Money Magazine: Begin saving as early as you can, but don't give up if you get a late start: You can pad your retirement if you begin saving... more

Can You Afford to Live to 100?

USAA

Life expectancies keep on growing, which means retirements are getting longer and more expensive every year. Think about it: If you retire at 65 and make it to the century mark, you'll have to live without a paycheck for 35 years. Here's how to position yourself to go the distance. Get a handle on life expectancy. The idea of living to 100 may sound far-fetched when life expectancy for a 65-year-old is only 83.7. If you truly understand life... more

Tax-Friendly Uses for Extra Retirement Cash

USAA

If you're a retiree with more than enough money at the end of each month, don't let excess cash stack up in your checking account. Instead, take a deliberate approach to putting the money to work. Two options are: Reinvest it and continue to build your nest egg. Use it to help others with education expenses. Reinvesting for Your Future While it may seem that you have more than enough income to finance your future, rising ... more

Managing Your Credit for Retirement

SavvyMoney

Most of us have dreams of a comfortable retirement, but debt and poor credit can put that dream in jeopardy. High levels of debt in retirement will drain money away from basic living expenses and poor credit can make it expensive to finance health care costs and other financing needs. To prepare yourself for retirement, you need to start today. Paying Off Debt Since most retirees live on a fairly fixed monthly budget, every dollar that you’r... more