Own The Dollar » Retirement

Right Now Is The Time To Plan For Your Retirement

Hank Coleman — Mon, 11 Jul 2011 13:00:09 +0000

Retirement is never too far away to begin planning for it. Planning for retirement sooner rather than later will certainly put you at an advantage. If you want financial security in your old age, you have to start working on it now no matter if you would like to or not. Commitment is a critical [...]

Right Now Is The Time To Plan For Your Retirement is an article from Own the Dollar

Understanding 401k Retirement Plan Withdraw Rules – A Reader’s Question

Hank Coleman — Wed, 08 Dec 2010 13:00:48 +0000

I recently received this question from a reader through the contact page of the site, and I love posting my responses to reader questions right here on the blog for everyone to see and learn from. I mean that is what we are all here for, right? One of the main points of the blog [...]

Understanding 401k Retirement Plan Withdraw Rules – A Reader’s Question is an article from Own the Dollar

Four Critical Mistakes To Avoid When Buying Annuities

Hank Coleman — Sat, 14 Aug 2010 12:42:36 +0000

One of the most popular options for investors approaching retirement is using an annuity to round out your retirement nest egg. Annuities have finally ditched their past less than stellar reputation to, once again, find their way into investors good graces. For investors looking to diversify their retirement portfolio and provide a steady stream of [...]

Four Critical Mistakes To Avoid When Buying Annuities is an article from Own the Dollar

401k Loans – Borrowing Money From Your Retirement Plan Is A Bad Idea

Hank Coleman — Thu, 17 Jun 2010 12:42:02 +0000

Almost every single 401k retirement plan has a loan option, but that does not mean that you should use it and take a loan out against it. In fact, borrowing money early in your career from your retirement plan can rob you of hundreds of thousands of dollars in lost retirement income later in life. [...]

401k Loans – Borrowing Money From Your Retirement Plan Is A Bad Idea is an article from Own the Dollar

The Total Money Makeover by Dave Ramsey – Baby Step Four Invest 15% For Retirement

Hank Coleman — Fri, 07 May 2010 12:00:36 +0000

In baby step 3, of Dave Ramsey’s seven step plan in the “The Total Money Makeover“, Ramsey advises that you complete your emergency savings account. Once you have established and completed this, you are ready to direct your money towards investing for retirement. Suggestions and Recommendations By this point in the Total Money Makeover, you [...]

The Total Money Makeover by Dave Ramsey – Baby Step Four Invest 15% For Retirement is an article from Own the Dollar

Book Review: Your Money Ratios – 8 Simple Tools For Financial Security

Hank Coleman — Mon, 26 Apr 2010 12:00:34 +0000

At first glance, I thought that “Your Money Ratios – 8 Simple Tools For Financial Security“ by Charles Farrell would be too simplistic. But, I learned a few things from the book and reaffirmed some financial planning wisdom and methods thanks to the book which focuses on beginners and relies heavily on rules of thumb [...]

Book Review: Your Money Ratios – 8 Simple Tools For Financial Security is an article from Own the Dollar

Top Ten Mistakes Seniors Make With Their Finances

Sara Peak — Fri, 23 Apr 2010 12:00:05 +0000

We are all bad with our finances at one time or another in our lives. We have all made mistakes with money, but some errors have a greater impact on our lives at different ages. Below are a ten mistakes that older investors and savers tend to make… 1. Underestimating Your Life Expectancy. The good [...]

Top Ten Mistakes Seniors Make With Their Finances is an article from Own the Dollar

What Is Your Retirement Dream?

Hank Coleman — Tue, 23 Mar 2010 13:00:54 +0000

I have talked a lot in this blog about investing and saving, but what is our goal in the end? What are we sacrificing now in order to have in the future? Too many people, both young and old, see retirement as nothing more than a pipe dream that they will never reach. They think that they [...]

What Is Your Retirement Dream? is an article from Own the Dollar

How Much Time Do You Spend Cultivating Friendships?

Hank Coleman — Wed, 17 Mar 2010 13:00:38 +0000

Can you list your ten closest friends? When was the last time that you talked to them or even sent them an email? Do you remember their birthdays without the help of Facebook? We are all so busy with our own careers and families. But, have we forgotten our friends? The guy who was my [...]

How Much Time Do You Spend Cultivating Friendships? is an article from Own the Dollar

Understanding If Roth IRA Conversions Are Right For You In 2010

Sara Peak — Fri, 22 Jan 2010 13:00:56 +0000

In 2010, income and filing status restrictions have lifted to allow anyone to convert a Traditional IRA into a Roth IRA. Converting from a Traditional IRA to a Roth IRA means that while you will pay taxes on your pre-tax contributions and any earnings from a traditional IRA now, withdraws made from your new Roth [...]

Understanding If Roth IRA Conversions Are Right For You In 2010 is an article from Own the Dollar