• Family Life
    401k
    401(k) Plans
    401(k) Plans It's a weird name for a retirement plan, but 401(k)s have arguably done more to get young people investing for their futures than anything else. The 401(k) savings plan was introduced in 1982 as a way for employers to save money the...
  • Family Life
    Retirement
    Not All Financial Advisors Are Equal
    Not All Financial Advisors Are Equal When you start looking for a financial advisor, you're likely to come across categories such as the following: Financial consultants Financial planners Money managers Personal financial specialistsSo who's a ...
  • Family Life
    Retirement
    Retirement Lump Sum Payouts
    Retirement Lump Sum Payouts Whether you are changing jobs or are lucky enough to retire early, there will be several opportunities during your lifetime when you are presented with making decisions concerning a lump sum retirement payout. This mi...
  • Family Life
    Retirement
    Retirement Needs Analysis
    Retirement Needs Analysis Most experts feel you need at least 75 percent of your pre-retirement income to maintain the same lifestyle after you retire. This percentage is called the wage replacement ratio (WRR). Social Security benefits make up ...
  • Family Life
    Retirement
    401(k) Plans and the 403(b)
    401(k) Plans and the 403(b) A section 401(k) plan, commonly known simply as a 401(k), is a qualified profit sharing plan that gives an employee the option of putting money in the plan (up to $10,500 per year) or receiving taxable cash compensati...
  • Family Life
    Retirement
    Pension Plan Basics
    Pension Plan Basics The phrase “pension plan” often is used generically to refer to any sort of retirement plan offered by an employer. It could refer to a 401(k) plan, a money purchase plan, or many other plans. If you're self-employed, and...