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Retirement Planning

Retirement 101: Kick Your Retirement Planning Off Right [Book Review]

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

Retirement. Whether you’re 5 years or 35 years away from trading your time for money there’s a lot to consider. From how you’ll spend your days in retirement, to where you’ll live, and how you will pay for it all. If you’ve not yet considered how much money your retirement years will cost you, or […]

457(b) Plan: What Is It And Who Qualifies For One?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

There’s a good chance you’ve heard a lot of talk about retirement savings plans. In particular, most people are familiar with 401(k) plans. But if you work in the public sector, you likely won’t be able to get your hands on a 401(k). Instead, your employer probably offers a 403(b) option. Those retirement plans are […]

Health Savings Accounts: Pros, Cons and Contribution Limits of HSAs In 2020

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

During health plan or open enrollment time, your place of employment probably looks like many others. There are lots of “water cooler” conversations about different plans, past experiences, deductibles, and copays. Health savings accounts or HSAs are drawing your attention, and you want to learn more. Let’s say last year you spent $8,000 on the […]

Can I Save For Retirement While Helping My Kids & Parents?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

If you’ve asked yourself how you’ll save for retirement while also financially helping your kids and parents, you’re not alone. A few years ago, the Pew Research Center reported that almost half of all adults in their 40’s or 50’s were either raising a child or supporting a grown child, while also helping a parent […]

What Is A Backdoor Roth IRA And Is It Right For Me?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

When it comes to retirement savings accounts, there are several options available. But your choices for individual retirement accounts can seem limited if you’re a high-income earner. This is especially true when you look at the Roth IRA. A Roth IRA (Individual Retirement Account) is an excellent way to save for retirement. Though you pay […]

Is Investing A Lot Of Money At Once the Best Idea? [Or Spread It Out?]

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

It’s the week your big bonus from work hits your bank account. Or you receive a sizeable cash gift or inheritance from a relative. Perhaps you have proceeds from the sale of your home or cash from a rollover retirement account. Or you’ve just been saving money for a few years and now understand why […]

Healthcare Costs in Retirement – Avoid These Big Mistakes

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

Many of us don’t think about retirement or saving for it until it’s too late. When we do save, we plan for money to cover rent, utilities, groceries, and insurance. However, many people overlook saving for healthcare costs in retirement. This is by far one of the biggest mistakes you can make during your time […]

What Savings Goals Should You Focus On First?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

You’ve been working hard to cut expenses and quit living paycheck to paycheck. You negotiated a raise or landed a higher-paying job. Your side gig is creating a buffer in your budget. No matter the reason, it’s time to put the extra money in your bank account to work. But now you’ve got questions on […]

Work Optional: Retire Sooner To Live Your Best Life [A Book Review]

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

If you’ve spent any time reading about personal finance lately, you’ve likely heard about the “FIRE” movement. FIRE means Financial Independence – Retire Early. Suze Orman got headlines by announcing she hated the FIRE movement (but she changed her position a few weeks later.) While Clark Howard “FIRE’d” before it ever became a popular thing to […]

Prepare For Retirement To Enjoy Being A Lifetime Fan

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

This is a sponsored post for Prudential. Recently, Vicki (one of the co-founders of Women Who Money) enjoyed a beautiful fall afternoon partnering with Prudential at a “lifetime fans” event outside of the Prudential Center in Newark, New Jersey. The event promoted the importance of protecting lifetime income to help pay for your essential expenses […]

How Do 401(k) Loans Work And What Are Their Pros And Cons?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

If you contribute to a 401(k) plan through your employer, it could be one of your most substantial assets besides your home. And if money is tight and your savings account balance is running low, you might wonder how you can tap the funds in your 401(k) for a loan. But you suspect there are […]

What Is An IRA And How Does It Work?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

Saving for retirement is critically important and should be a part of everyone’s financial picture. But what can you do if you are already maxing out your employer-sponsored retirement plan? Left behind an old 401(k) when you changed jobs? Or just don’t have access to one? It’s simple. You can start investing by opening an […]

Protect Your Retirement Day with Prudential – A Women Who Money Review

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

This is a sponsored post for SheSpeaks/Prudential. Recently, Amy and Vicki (the co-founders of Women Who Money) participated in Protect Your Retirement Day in New York City as a partner of Prudential. The event was sponsored by the Alliance for Lifetime Income, a nonprofit 501(c)(6) organization educating people on the importance of, and the ability […]

What Are Those Target Date Things In My Retirement Plan?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

If your employer offers a retirement savings plan, chances are one of your investment options is a target-date fund. They may be grouped under a heading such as “Do the Investing for Me”, “Balanced”, or “Asset Allocation”. You’ll recognize them because they have a year in their name, such as 2045. You may have some […]

I Love Part-Time Work But How Do I Plan For Retirement?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

Work. Even though we know we have to work until we are financially independent, many of us have a love-hate relationship with it. We love the money we earn, but we aren’t always thrilled with our jobs or how much of our lives revolve around work. The description of a “traditional” career has changed over […]

Personal Capital Review 2020: The Best Free Financial Tools

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

Women Who Money wants to help women (and men) at all levels take control of their finances! Our goal is to provide you with the knowledge, skills, and tools necessary to improve your financial health. Personal Capital is high on our list of must-have tools for managing your finances. This Personal Capital review is by […]

How Do I Use My 401(k) Savings Plan To Build Wealth?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

Whether you’ve just started a new job or you’ve been with the same company for years, it’s critical for you to understand your retirement plan benefits.  Knowing the fundamentals of your 401k savings plan will enable you to make wise choices about saving and investing for your retirement. This is an incredibly important issue for […]

Spousal IRA: What Is It And Can I Benefit From One?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

Stay at home parents and spouses who have little-earned income can fall behind when it comes to saving for retirement. But, for those who are married and file a joint tax return, a spousal IRA may be well worth your investment consideration. Although there are a number of requirements (mentioned below) the spousal IRA can […]

What Are The Best Retirement Plans For The Self-Employed?

Women Who Money is sponsored this month by AgeUp – Helping Women Stay Financially Independent in Their 90s and Beyond

This page may contain affiliate links, meaning we receive a commission, at no cost to you, if you decide to make a purchase through our links. As an Amazon Associate we earn from qualifying purchases. Please see our Disclosure & Disclaimer for more info.

You know you should be stashing money away on a regular basis, but anyone who’s working for themselves knows earnings can vary drastically month to month. Also, you’re not sure what the best retirement plans for self-employed individuals are. So, what’s a busy entrepreneur with an inconsistent income and no time to research retirement plans […]