Learn why taking advantage of your 401(k) plan might be the most important thing you ever do for your retirement.
Even in tough financial times, be careful before taking money out of your retirement plans.
It's no fun going to the doctor when you're sick. Notwithstanding the stickers you got as a kid, the dentist has been little more than a necessary evil of life too. And that's before you consider how much these fun little trips to the various medical centers actually cost. Looking for an upside? Some of your medical expenses could catch you a break from Uncle Sam in the form of a medical expense tax deduction. Furthermore, you just might become able to capitalize on the medical expense deduction in retirement.
See, and you thought a lower income and higher medical expenses was a bad combination? Hmmm.
With the numerous advantages of both a regular IRA and a Roth IRA, there's almost no way to go wrong. Still, choosing between tax-deferred growth along with a possible upfront tax-deduction and tax-free growth isn't the easiest decision in the world. Fortunately, I have some tips on how to choose between a Roth Ira and a regular IRA.
Some people think you should always have life insurance. I am not one of those people. When you have a young family, you should absolutely have life insurance - possibly a lot. But in retirement? What for? Still, if you are retired but already have a whole life insurance policy, cancelling it is not necessarily the best move.
You have a wide range of options when considering whether to have life insurance during retirement, including holding onto the policy.
Are you retired? If so, do you have life insurance? Why or why not?
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