Retirement Frequently Asked Questions and Answers

Retirement planning can be confusing and it can be difficult to know where to start. From starting your retirement planning to diversifying your retirement investments learn what you need to know to get started. It is important that you understand your retirement accounts so that you can plan for retirement effectively. You should start saving for retirement with your first job, but if you have not started yet, you should today. You can even start saving for retirement if you do not qualify for a 401(k) account through your employer. 

How Can I Find Money to Save for Retirement?

Saving for retirement is essential. Do not sell yourself short by using the excuse that you do not have money to save. Learn ways to find money to save for retirement.

How Much Should I Save for Retirement?

You know that you should be saving for retirement, but you may not know how much that should be. If you are worried that you are not saving enough, or wish that you could have a little bit more money to spend each month, you may be looking at your retirement contributions and wondering if you should adjust them.

Why Should I Increase My Retirement Savings in a Bear Market?

A slow market or a bear market may make you shy away from investing in stocks or saving for retirement, but it is important that you continue to save and invest even during difficult economic times.

How Will Social Security Affect Me?

Our parents grew up with the promise of Social Security when it came time to retire. Do you have the same luxury, and why do you need to pay Social Security? Find the answers to these questions and more.

How Can I Plan for Retirement When I Don't Know Anything About Investing?

Retirement planning and savings can be a confusing process. It is important that you do not let your confusion stop you from planning for your future. Learn the basic steps you need to begin saving for retirement.

How Will Investing in My 401(K) Affect My Take Home Pay?

Investing in your 401(k) or 403(b) may only slightly lower your take-home pay since it lowers your taxable income. In fact, you may be surprised at how much you can contribute while it only slightly decreases your paycheck. Learn how to figure out how much you can add without drastically affecting your budget.

What Does It mean to Be Vested in My 401(K)?

When you are vested in your 401(k), it means that you can take your contributions and your employer's matching contributions with you when you leave your job. You need to speak to your human resources department to see how your employer deals with these questions.

I Have Reached My Employer Match - Now What Do I Do?

It is important to take advantage of your employer's match, but are there other options you should consider after you have reached that match? You may want to learn how to grow your retirement savings tax-free while making the most of your savings options.

Should I Choose a Traditional or a Roth IRA?

It is important to understand the different types of IRAs in order to choose the one that will work best for you. A traditional IRA can lower your taxable income, but a Roth IRA can grow tax-free. Which one is right for you?

Where Can I Open an IRA?

There are many options available when it comes to opening an IRA (Individual Retirement Account). It is important to consider several things when you decide to open your IRA, such as the appropriate investments for your age and risk tolerance.

Should I Save for Retirement While I'm in College?

People say that the earlier you start saving for retirement the better off you will be, ​but does this advice apply when you are still attending school?

Should I Save for My Retirement or My Child's College Education First?

Retirement savings and college savings are both important priorities, so how do you decide which one to put first in your financial plan. Retirement will secure your future and keep you from being a burden on your children.

What If My Employer Only Offers a Pension Plan?

A pension plan is a retirement plan that your employer may offer in lieu of a 401(k). The pension will pay out a set amount depending on your salary and years of service. You may need to adjust your other retirement contributions if you are relying on a pension as part of your retirement.