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In the last several years, I have taken a much harder look at financial planning, retirement preparation and overall how to make money work for my life in the long run.  I realized that even with basic efforts I was doing there had to be more available.  Like most of us, we receive an annual social security statement in...
I stumbled across Ric’s Edelman's online content as most of us find things online, following an internet rabbit trail.  He was promoting his new book, The Truth About Your Future, and after listening to some of his online shows, I wanted to understand more.   Through self-education, I have a general grasp of the broad bush ideas of financial management...
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"Workers in Oregon have a new, easy way to save for retirement at work. You don’t need to do anything to enroll if your employer doesn’t offer a retirement plan. You will automatically start saving a percentage of your paycheck in your own IRA (individual retirement arrangement) that will stay with you from job to job. It will always...
The federal government's retirement saving program, MyRA, has closed. This program was created to help people who did not have access to workplace savings plans.  The government reported the cost of administering the program was $70 million since 2014 with an additional cost of $10 million per year.  Nationwide the MyRA program only had about 30,000 participants.  There was...
Compounding Compounding happens with the growth of investments yearly and when the amount it grows by also grows so an individual’s investments will generate earning and these earnings will generate further earnings. Bank accounts are the most common and known compounding vehicles. The sooner you begin saving the more chances your money is going to grow and that’s the principle of...
Where will my Money Come From? It is highly essential to know very well where your retirement money is coming from in order to be precise in projecting your future financial balance. So here are the most common sources of retirement income. Social Security is the government-based retirement program; eligibility is guaranteed for workers after 10 years of paying social...
Why Plan for Retirement? The quality of retirement will highly rely on how much money an individual had been saving in their younger years, simply because income from social security and pensions has become more and more insufficient. Government-sponsored retirement is failing as the Social Security Board of Trustees projected in its 2016 annual report that social security’s costs...