What are your options? What are the benefits? Provided by Marc Aarons at Money Managers, Inc. If you own an Individual Retirement Account (IRA), perhaps you have heard about Roth IRA conversions. Converting your traditional IRA to a Roth IRA can make a lot of sense depending on your situation. But remember, consulting with your […]

Retirement income may come from a variety of sources. Provided by Marc Aarons at Money Managers, Inc. For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources: Social Security. Social Security is the government-administered retirement income program. Workers become eligible after paying Social Security […]

Creating a strategy for success.  Provided by Marc Aarons at Money Managers, Inc.   Run the numbers. There is a rule of thumb for retirees suggesting that retirement income has a target of 70-80% of the household’s end salary, though this can certainly vary. So, years before leaving work, sit down (perhaps with the financial professional […]

Future financial needs may be underestimated.  Provided by Marc Aarons at Marc@OcMoneyManager.com     If you were born during 1965-80, you belong to “Generation X.” Ten or twenty years ago, you may have thought of retirement as an event in the lives of your parents or grandparents; within the next 10-15 years, you will probably be […]

Start your “second act” with inadequate assets, and your vision of the future may be revised.  Provided by Marc Aarons at Money Managers, Inc.     How much have you saved for retirement? Are you on pace to amass a retirement fund of $1 million by age 65? More than a few retirement counselors urge pre-retirees […]

It seems high time to dispel some of these misconceptions.  Provided by Marc Arrons at Money Managers, Inc.   Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few. “When I’m retired, I won’t really have to invest anymore.” Society still […]

Comparing their features, merits, and demerits.  Provided by: Marc Aarons at Money Managers Inc.  How do you save for retirement? Two options probably come to mind right away: the IRA and the 401(k). Both offer you relatively easy ways to build a retirement fund. Here is a look at the features, merits, and demerits of […]

Are Changes Ahead for Retirement Accounts? A bill now in Congress proposes to alter some longstanding rules.  Provided by Marc Aarons at Money Managers, Inc.   Most Americans are not saving enough for retirement, despite ongoing encouragement to do so (and recurring warnings about what may happen if they do not). This year, lawmakers are also […]

A lack of money is but one answer. Provided by Marc Aarons @ Money Managers, Inc.  Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin? Nearly everyone can save something. Even small cash savings may be the start of something big […]

A look at how variable rates of return do (and do not) impact investors over time. Provided by Marc Aarons @ Money Managers, Inc. What exactly is the “sequence of returns”? The phrase simply describes the yearly variation in an investment portfolio’s rate of return. Across 20 or 30 years of saving and investing for […]