Sentences with phrase «retirement savings if»

Depending on your financial situation, this might make sense — many financial experts, such as Dave Ramsey, suggest putting off retirement savings if you're in severe debt or don't have an emergency fund.

Contributing to a 401 (k) is one way to shore up your retirement savings if your employer has one in place.

When you have an idea of how much you'll need n retirement, the next step is to work out how you're tracking.It's never too late to boost your retirement savings if you don't have as much as you'd like to have.

With an empty nest and a paid - for home, you can plan to ramp up your retirement savings if you need to.

Contributing to a 401 (k) is one way to shore up your retirement savings if your employer has one in place.

There will always be deductions, prescription costs, and other medical expenses that will eat into your retirement savings if you haven't planned properly.

Bundle up and build your retirement savings if you want to retire in Alaska.

Healthcare costs can quickly consume one's retirement savings if proper health insurance is not maintained.

The main disadvantages include the risk of losing your retirement savings if the business fails and increased scrutiny by the Internal Revenue Service (IRS).

Borrowing just a quarter of a person's balance during these early income years makes it all the more difficult to stay on track with retirement savings if they reduce or stop saving.

Not exact matches

Even if you're looking at just retirement savings, $ 1 million might not be as cool as it once was.

Ottawa could find savings of $ 730 million today if it made the above changes and that number would grow over time as more Canadians become eligible for retirement programs, the report said.

If you feel you need help developing a savings plan that will keep you on a positive path toward retirement, talk to a fee - based, objective financial advisor.

If you're relying on the funds from selling your business at retirement and believe you can easily get $ 1 million only to discover your top potential bid is $ 800,000, that dip in savings could highly impact your retirement plan.

«If you are using an HSA purely as a retirement savings vehicle and not taking advantage of your 401 (k), your contributions will not amount to a lot of money and are probably not going to cover health - care expenses in retirement,» said Fronstin of the Employee Benefits Research Institute.

If your plan is too costly, you're better off directing any additional contributions this year to the second - best place for your retirement savings: an individual retirement account, such as a Roth IRA.

Even if you have to put aside saving for a a couple of months or even a year, it's totally worth it in the end since you can now put that monthly payment towards your retirement savings and not an outrageous interest rate.

The idea bounces around in the head of just about every homeowner, or at least every homeowner over 50: If I fall short on my retirement savings, maybe my home equity can help pay my bills.

If that situation sounds familiar, consider an increasingly popular way to maximize your retirement savings: stacking what's called a cash - balance pension on top of your company's profit - sharing 401 (k) plan.

You read that right: Retirement plan providers — a $ 6 trillion market — have long behaved as if Americans» retirement savings belonged to the providers.

Depending on the situation (like if your spouse is out of work, or if they are in a lower tax bracket than you), contributing to an RRSP might be a great idea even if you have enough retirement savings.

If you run your own business and plan to stay small, a Simplified Employee Pension (SEP) IRA is one of your best options for retirement savings.

«If you don't have the money to make a contribution to your retirement savings, the solution may come from having a hard look at your budget.

Term life may also make sense if you continue to work during retirement, even part - time, to supplement your savings and wish to protect your spouse from the loss of your income when you die, he said.

If outliving your savings is a big fear, one relatively new option to make your money last in retirement has become more widely available — a qualified longevity annuity contract, or QLAC.

If you're like most Americans, you're a few years (or more) behind on your retirement savings.

If you don't currently have a company retirement plan, you can still set up a traditional 401 (k) plan and reap the personal tax - deferred savings benefits for 2014.

Adding an Individual Retirement Account into the mix is an easy way to amp up your savings or kickstart your nest egg if you don't have access to a retirement plan at work.

But if working longer is out of the question, you can ease your transition by building at least a year's worth of living expenses in an emergency retirement savings fund, ideally in cash, says Celandra Deane - Bess, a wealth strategy director for PNC Financial Services Group.

If you have a retirement - savings plan at work, that plan is more likely than ever to automatically enroll you — and to automatically increase, over time, the percentage of your salary that gets saved.

If you've been feeding your retirement accounts and starving, say, your emergency nest egg or your other savings, you may find yourself having to borrow more than you should to pay those other bills.

All of the inquiries recommended significant changes to regulatory law that, if adopted, should make EPPs easier to manage in the future, and they made recommendations that would broaden the range of pension and retirement savings opportunities available to Canadians.

It's not as good for retirement saving as an RRSP if you're in a high tax bracket, but it's a good catch - all savings vehicle.

For example, if you're looking to build a retirement savings plan, the tool pulls in your current spending activity from your linked accounts, analyzes government data on spending patterns for people as they age, and then crunches the numbers to estimate your actual spending in retirement.

If the government can guarantee certain savings in bank accounts through the F.D.I.C., why not establish a program that would require that every employee own a regulated block of stock (Retirement Account) made up of stock in the company the employee works for and, so the employee will not have all his retirement eggs in one basket, include in this retirement basket high rated bonds and stocks from other non-competing employee - owned companies?

If you get regular paychecks in fixed amounts, set up automatic transfers to move money from your checking account to a savings account or retirement fund right after payday.

On the other hand, if you do max out your IRA, it could boost your retirement savings and offer you tax advantages in the form of a deduction now or tax - free withdrawals later.

If you are seeking the services of a financial advisor, you want the best information to help you achieve your financial goals — be it budgeting in retirement, savings for a child or grandchild's education, or selling your business.

And if your 401 (k) fees are high, or if you've hit your contribution limits, look into other retirement savings vehicles, such as IRAs, if you have the extra money to put away.

In fact, if you take too many distributions, you could be left with no retirement savings.

However, many consider the 401 (k) to be crucial in retirement savings over the past half century making one question very important: What happens to saving behavior if the 401 (k) changes?

If you are in a financial pinch and considering taking money out of your 401k or any other retirement savings account, here are seven times it's OK to dip into your retirement fund early.

If you want to maximize your retirement savings this year and contribute up to the maximum IRA contribution, be sure to let your plan administrator know that your contribution should be attributed to 2015.

But if the nation's policymakers won't act, each state can tailor the State Guaranteed Retirement Account plan — which meets all of the above criteria for an efficient and adequate retirement savings plan — to meet their unique needs and to secure retirement income for each state's workforce.

If you start extrapolating 15 % a year returns in your portfolio due to the past four years, many of your other assumptions change e.g. age of retirement, rate of savings, spending decisions, and so forth.

If you've thought for even a few minutes about saving for retirement, chances are you have some familiarity with the 401 (k) savings plan.

I wonder if the value of all the deductions for your car, smart phone and coffee, are worth as much as the net income you make, especially if you can pay yourself through an entity that you wholly own, then use something like a solo 401k to deposit 25 % of your income into retirement savings.

But if that's not enough to cover your most basic needs — food, clothing, utilities, medical expenses, and a place to live — then consider using some of your retirement savings to buy an annuity.

The Retirement Savings Contributions Credit, also known as the Saver's Credit, puts money in your pocket if you contribute to an IRA or an employer - sponsored retirement plan.

If your excuse for neglecting your retirement savings is that you don't really need that much money to be happy or you expect your cost of living to drastically decrease, you could be setting yourself up for a big disappointment when you finally say goodbye to the paycheck.