Debt is a part of almost every person's life. There may be times when you look at your paycheck and wonder if the money you are putting aside for your retirement outweighs the cost of your debt. You may think it is best to stop contributing towards your retirement and put that money to paying off your debt.
Most parents put their children’s needs above their own, including funding their children’s educations. After all, everyone wants their children to be happy and successful. However, financial advisors that specialize in pension consulting warn that prioritizing your kids over your own retirement could be a mistake. Why should retirement be your main priority?
Planning for retirement can be complex, but retirement plan participants can simplify it by asking themselves three simple questions: What, where, and when? Retirement plan consultants feel that planning for your retirement now can help you make that transition later. You may spend 30 years or more in retirement, so you should think about how you want to use that time.
If your employer is a retirement plan sponsor, you’ve probably received information about your retirement plan, including descriptions of all the investment options available to you. Why do retirement plans offer different options?
If your employer is a retirement plan sponsor that offers access to a 401(k) plan, you should be taking advantage of it to save for retirement. 401(k)s offer significant advantages to workers, such as the ability to save on a tax-deferred basis and often, employer savings matches. However, most workers today will change jobs several times during their careers.