There are plenty of ways to rationalize borrowing against your retirement account balance, but the real cost is the loss of potential earnings on a tax-deferred basis in your run up to retirement.
When preparing for retirement it is important that you do so not only financially, but psychologically.
Asking the right questions at each stage of your parents' life can protect their golden years.
The effect may not be very noticeable in the short run. But by the time you're deep into retirement, inflation can deal a devastating blow to your savings.
At age 40, you still have 20 years of road in front of you and can make financial changes that yield results.
The 40s are a great time to take stock of your situation and review your overall financial situation.
It's time to develop and implement a retirement strategy, and that starts with a few questions.
However you feel on your 40th birthday, it is the time to get serious about retirement.
Heirs might dodge a double tax a couple of ways, including by you planning distributions to them.
Women face more obstacles to a secure retirement than men, for a combination of reasons having to do with longevity, lower earnings and often lack in savings and financial experience.
