Financial Power Blog — Retirement Planning

Introducing Sheneka Adams in Coordination with Women Financial Power

Introducing Sheneka Adams in Coordination with Women Financial Power

Sheneka is spreading the important message that choosing a safe retirement plan as an entrepreneur is an easy decision. It's secure and protects you against market downturns.

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The Retirement Planning Status Quo

The Retirement Planning Status Quo

Does any of this status quo retirement planning conventional wisdom ring a bell?   1. Use mutual funds to diversify your portfolio. 2. Contribute the maximum to your 401(k). 3. Maintain a high credit score and shop around for low interest rates. 4. Purchase term and invest the rest. 5. Invest your money in the stock market to earn a good return. 6. Put off paying your taxes until later.  (The reality that disproves this myth will astound you.)   Credit card debt totals roughly $10,700 for the typical American household with at least one card. There have been trillions of dollars...

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Know what you have in retirement holdings and where you have it.

Know what you have in retirement holdings and where you have it.

To those of you who are the original or inheritor-owners of an IRA (individual retirement account) or other form of retirement plan, or various accounts (very common). You will require this information. Know as much as you can about your retirement accounts so that nothing slips through the cracks. You should maintain a checklist so that you can track the growth of your retirement funds. Having a checklist provides you with a comprehensive overview of all of your retirement assets without requiring you to go back and examine the specifics of each account.  If you have several retirement accounts, for instance,...

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OVERPAYING FEES AND LOADS ON IRAS, 401(K) AND 403(B) PLANS

OVERPAYING FEES AND LOADS ON IRAS, 401(K) AND 403(B) PLANS

The cost of doing business on Wall Street can be more than exposure to risk. The market crash of 2008 and the first quarter of 2009 gave many investors good reason to think their approach to a comfortable retirement. For most Americans living today, this was the biggest financial crisis in their lifetimes. Now that the market has made recovery, many investors are looking more closely at the fees and loads that can erode their nest eggs substantially over time.   An article in the Wall Street Journal, “The Hidden costs of Mutual Funds”, pointed out doing business on Wall...

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