Michael

Help for Older Americans

Most people dream of a comfortable retirement. But unfortunately, this is not a reality for millions of people. What happens to American citizens who reach old age, are unable to work a job that adequately covers their expenses, and do not have the funds necessary to sustain their existence? Low-income Americans over age 60 have…

Municipal Pension Plan: How to Make the Right Choice

Planning for retirement can be daunting if you don’t know how to go about the process. Dealing with social security organizations, your employers, and being able to meet your needs in retirement can be quite complex. Therefore, you need to figure out how to go about your retirement process in the right manner. The municipal…

Early Retirement Age: Planning Ahead

The majority of Americans define early retirement age as 55 years or younger. It is important to note that the US Federal Government will not provide Social Security until the applicant is 62 years of age. Taking advantage of benefits before the age of 62 results in a reduced benefit plan. Those who wish to…

The Best Pension Plan for Working Americans

U.S. citizens have a wide range of retirement plans to choose from depending on their needs and income level. Government employees have their own plans while those working in the private sector also have their own pension plan. The following are some of the most popular types of retirement investment plans. Everyone knows about the…

Financial Security for Post-Retirement Years – the HDFC Pension Plan

Planning ahead for a financially secure future is high on the list of all seniors inching towards their retirement. Pension plans are a safe haven to park retirement proceeds, but deciding on a suitable one needs some shopping, careful consideration of individual circumstances and matching the needs. Let’s quickly check out what a HDFC pension…

An Introductory Guide on Pension Funds

If you are employed or perhaps even self employed then saving for your retirement is indeed a very important priority. There are so many ways you can explore to secure your retirement; however, the idea of using pension funds is highly encouraged. A pension fund is basically a scheme or plan that is designed to…

Failing to Plan is Planning to Fail

all-types-of-retirement-plans Planning for the future is something that many people tend to struggle with, this has a lot to do with a focus on living for the moment. When you enter the work force, it would be very easy to settle into the comfort that comes along with having a reliable source of funds that…

Understanding Social Security Retirement Benefits

Not many people understand social security retirement benefits and taxations, and often end up missing out. There are three types of social security benefits; disability benefits, survivor benefits and retirement benefits. Here are some of the things you need to understand about retirement benefits. When is the Right Time to Retire and Collect Benefits? When…

What is a Final Salary Pension Plan?

There are many kinds of pension schemes offered by employers, one of which is a final salary pension scheme. This is a type of defined benefit pension plan. It’s normally written for individuals who are preserved members of a final salary pension scheme. Definition Such plans are mostly meant to provide benefits based on four…

Explaining the Difference in Roth IRA Rules

Working individuals look for many different financial instruments to help them save for retirement. The Roth IRA, named after Senator William Roth who was its main sponsor through legislation, gives Americans an additional alternative when saving money for their golden years. As the simplest form of retirement savings, Roth IRAs provide tax-free growth. Normal investment…