Search results “What is a retirement plan”
How To Plan For Retirement
"How to Plan for Retirement". A simple guide to help you retire with peace of mind. PST: Hello, its me, Professor KnowItAll... and yes, I'll be giving you the very best tips so you can retire with peace of mind... EXP: Hello Professor, are you now an expert on that topic? PST: Of course... EXP: Oh, OK, so you're all ready for retirement? PST: Of course! I'm ready! EXP: So then, you have money saved? PST: Well, not exactly but I have a plan... I will live with my kids... EXP: Living with your family during retirement can be very gratifying, but surely you don't want to be a burden on them...Did you know that people in the United States, on average, live 20 years after they retire? In general, people need almost 80% of what they earn in order to live comfortably after retiring That's a lot of money, so you'll definitely need a good plan in order to get there. OK, don't panic yet. It's never too late to start or even too early. Let me tell you what you should do so that the next time, you can give people good advice. PST: Sounds good. EXP: Professor, according to the Consumer Action Handbook, the first thing is recognizing the importance of saving for retirement. The three most common options are: One: Pension benefits, offered by some places of employment. Two: Savings and investments, started by you. Three: Social Security, which is the Federal Governments retirement plan. Now, if you're still working, find out if your place of employment offers a pension plan and how it works. Some companies also offer a 401k plan. PST: Four 01 what? I've never heard of that truck, but mine is newer... EXP: I'm not talking about vehicles here, I'm talking about retirement plans in which, if you save, your company will match a percentage of the contributions you make. PST: Oh, that's like free money. EXP: Exactly. Sometimes you impress me, Professor! In order to plan well for retirement, you must consider what types of expenses you'll have, whether you'll work or not, if you'll have additional medical insurance, or if you'll have costly hobbies, like traveling. There are many things to consider, so you may want to consult a financial expert for help. PST: Yikes, I'm feeling dizzy... EXP: Professor, you can also ask for help and get tips from the following organizations: AARP, American Savings Education Council, Department of Labor Securities and Exchange Commission, Social Security Administration PST: Ufff...I'm feeling a little better now. EXP: Professor, this is all about saving not spending... Better yet, let me remind you to visit USA.gov or in Spanish at GobiernoUSA.gov where you can learn more about all of this and other interesting topics for consumers. And remember, you can also order your free "Consumer Action Handbook "...
Views: 40627 USAgov/archive
What is a Pension Plan?
Understanding what your company pension plan offers can help you determine how to make the most of all your retirement savings options. Your employer may offer a company pension plan to help you save for retirement. There are two types of pension plans: Defined benefit plans, and Defined contribution plans. What’s the difference between defined benefit plans and defined contribution plans? A defined benefit plan: Guarantees how much pension you will receive when you retire. The amount is usually pre-determined based on a formula involving your years of service, your earnings and your age at retirement. You have no active involvement in the plan, as your company makes the decisions about investing the overall plan's funds. A defined contribution plan: Bases your pension on the value of the contributions and their investment returns in your account at the time you retire. Your company usually makes contributions based on a fixed percentage of your salary. Plus, many plans will allow you to make additional contributions that your company may match up to a specific amount. You have control over the investment strategy for the account based on your risk tolerance and investment goals. Why contribute to your company’s plan? There are several benefits to contributing to your company pension plan: First, if your company offers matching contributions, by putting in an amount equal to what you contribute, or a percentage of what you contribute, you're essentially getting free money you would otherwise not receive. Second, your contributions are tax-deductible, meaning you pay less income tax now. And the funds remain exempt from tax until they are withdrawn. Third, a company pension plan is also a great way to supplement other forms of retirement savings, such as the universal, public Canada Pension Plan, CPP, or Quebec Pension Plan, QPP, and other individual savings plans, such as RRSPs or TFSAs, Tax-Free Savings Accounts. Understanding what your company pension plan offers can help you determine how to make the most of all your retirement savings options. Find more tips and tools at sunlife.ca. Life's brighter under the sun. Learn more about worplace pensions and savings: https://www.sunlife.ca/ca/Investments/Workplace+pensions+and+savings?vgnLocale=en_CA
Retirement Plans: Last Week Tonight with John Oliver (HBO)
Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 9553748 LastWeekTonight
What Is a Pension? | Financial Terms
Watch more How to Understand Personal Finance Terms videos: http://www.howcast.com/videos/491846-What-Is-a-Pension-Financial-Terms You may have access to a pension through your employer, and what a pension basically is, is a guarantee from your employer to pay you a certain amount of monthly income when you retire for the rest of your life. So that's terrific! I mean, it's hard to save enough money on your own for retirement but this type of employer benefit really can help you meat your retirement goals. So how does it work? Basically, based on the number of years, that you worked there, your age or salary, a whole bunch of different things, your employer is going to determine what kind of benefit you're going to get. So let me give you an example: let's say I make 15.000 dollars a year from my job and I'm getting ready to retire. But I've been there a long time and my employer, based on their pension agreement will say: "you know what? We'll going to pay you a pension when you retire. We're going to pay you 20.000 dollar per year for the rest of your life." So certainly, it's not what I was making but it's a big component of my retirement income when compared with my own saving and maybe some money from social security that can help me live at the standard of living I was used to in retirement. Now, there's two big decisions people have to make with the pension. Number one: you have to decide when are you going to start collecting it. Sometimes there's a range of ages when your eligible to collect the pension and if you collect it early that's good because you're getting the money sooner but you're usually getting a smaller benefit amount, and that's not going to change. The other decision you have to make is what type of pension option you want to choose. If I'm getting 20.000 dollar a year in pension for the rest of my life what happens if I pass away two weeks after I retire. Is all that money wasted? Can any of that money go to my wife, my children or other beneficiary? So sometimes there are a variety of pension options that you can choose from with fancy sounding names like 15% or 75% or 100% survival options and all that really means that you're making a decision. Do I want more money today for income and I leave less to somebody else or am I willing to take a little less income to provide some protection for family members of other beneficiary. Keep in mind, most pensions have gone away from a lot of employees during thought economic times for companies and other government organizations. But if you still have a pension you want to make sure you evaluate where that falls into your overall retirement plan and that you make those decisions I talked about in a way that makes the most amount of sense for your situation.
Views: 14045 Howcast
What is a Retirement Plan?
Marc Montini with Montini and Farrah Tax Advisory Group www.montinico.com discusses the elements of a well designed retirement plan. With a more strategic use of your assets we can generate the tax-free retirement income plan with protection against stock market losses. By combining tax planning with retirement planning with can ensure you are putting the most money possible into your pocket. Don't wait until you are 65 to create your plan. Start planning today and ensure you are going to retire on your terms. www.montinico.com
Pension vs 401k - Pension vs 401k for Dummies
What are pensions vs 401ks – What is a pension vs 401k? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of pensions vs best type of 401ks and learn how you can avoid the most common mistakes that individuals have made when looking into a pension vs 401k. The 401k Vs A Traditional Pension Plan - Which Is Best For You? The American Dream traditionally involved getting a job with a company for 40 years, building up a big pension and then retiring to enjoy your golden years on that pension. Sadly, this notion of the American Dream has become a fantasy for most Americans over the last 20 years. Although retiring and living comfortably is still an option, the 401k plan has surpassed the pension plan as the retirement vehicle of choice. Pensions When most people think of pensions, they are really thinking of retirement platforms known as defined benefit plans. These plans offer a guaranteed payout amount when one retires. The amount is determined by the years you work, amount contributed, salary and other factors that vary from plan to plan. When your grandfather worked for General Electric for 40 years, his pension was a defined benefit plan. 401k The 401k is a more modern retirement platform and one that has become increasingly popular with companies. Ready to be surprised? 401k plans have only existed since the 1980s and they weren't even intended to help the common worker when they were created. Instead, they were supposed to be used to provide added benefits to executives. Regardless, they are now used by companies as retirement vehicles for executives and employees alike. The modern 401k plan is really a defined contribution plan. This simply means that employees can contribute up to a certain amount when they choose to do so. Employers have the option, but not requirement, to also contribute to the employers account. Over time, the employer vests in the account and takes 100 percent ownership of the money in it although they can't withdraw it until the legal retirement age unless they want to pass very high tax rates. Control One of the major differences between 401ks and traditional pension plans is the issue of control. Specifically, who controls how the money is invested once it is in the plan? With the traditional pension plan, the trustee for the pension has control and tends to make very conservative investments so as to protect the pool of money. In a 401k, the employee usually has control over how the money will be invested. There may be limits on the type or number of investments he or she can pursue, but that is the only restriction. Which Is Best? The 401k would be the obvious answer if this question was asked five years ago. Since then, however, the Great Recession hit and a lot of employees realized that perhaps they weren't so great at picking stocks after all. The idea of having a stable, conservative investment like those found in pensions has started to seem a lot more attractive to such people than it did before the economic troubles came along. The real answer to this question, however, depends entirely on the views of the person considering the question. If one is comfortable with the investment world, than a 401k makes sense. If you would rather leave investment decisions to someone else, a pension plan may be the way to go. Personally, I prefer the 401k plan for a couple of reasons. The first is I want control of my investments. The second is I like the fact I can change the amount I can contribute to it each year. This gives me a certain amount of flexibility depending on how the economy is performing. Ultimately, you will have to make your own decision when it comes to this issue. Regardless of the direction you decide to go, make sure to maximize your retirement savings as much as possible to ensure a comfortable time in your golden years. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: Pension vs 401 k Pensions vs 401k for retirement income Pension vs 401k explained Pension vs 401k reviews Pension vs 401k review What is the best fixed indexed annuity pension vs 401k vs the top immediate income pension vs 401k https://www.youtube.com/watch?v=L1QdfF4swX8
Views: 11940 retiresharp
Defined Benefit vs. Defined Contribution Pension Plan
This video shows the difference between a defined-benefit pension plan and a defined-contribution plan. The core difference between these two types of plans boils down to what the employer is promising: with a defined-benefit pension plan, the employer is promising the employee a series of annuity payments after the employee retires. With the defined-contribution pension plan (e.g., a 401(k) plan), the employer is promising to make contributions to the employee's retirement account. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 42411 Edspira
Retirement Tips: How to create your own Personal Pension Plan
Most retirees are not prepared for the income loss they will face during retirement. Social security and 401(k)s will most likely not be enough to sustain the lifestyle you have become accustomed to. Developing your own personal pension plan will help you overcome these challenges.
Views: 31374 SafeMoneyPlaces
What is a 401(k) | by Wall Street Survivor
What is a 401(k)? A 401k is a workplace savings plan that allows you to build wealth by investing a portion of your pay check in assets such as stocks, mutual funds, or real estate investment trusts (REITs). It is also the primary way employers help their employees prepare for retirement, and has the added benefit of allowing an employee to invest part of their salary before taxes are taken out. While all 401k plans offer tax breaks to retirement savers, many other features of these retirement accounts differ, sometimes significantly, by employer. 401k plans are an effective way to shelter money from taxes because your contributions are deducted from your taxable income. So if you made $50,000 last year and invested $10,000 in your 401k, you’d only have to pay taxes on the remaining $40,000. This can be a great tactic, especially for people who live well within their means and can afford to save a big chunk of their salary. Learn more about 401(k) plans with Wall Street Survivor's Building Your Nest Egg course: http://courses.wallstreetsurvivor.com/is/20-building-your-nest-egg/
Views: 188334 Wall Street Survivor
What is a retirement plan?
This 3:40 minute video clip is a segment of Jim Yihs Retire Happy Workshop where he teaches people how to make retirement the best years of your life. In this clip, Jim talks about the general misconceptions of what retirement planning is all about. He discusses what people think goes into a retirement plan but also what people fail to recognize as some of the keys to a successful retirement plan. In this clip you will see how Jim engages with his audience and customizes his presentations every time he is on stage. If you are interested in having Jim bring Financial Education into Your workplace, contact him through his website www.RetireHappy.ca
Views: 4858 Retire Happy
4 Types of Retirement Accounts
It’s never too early to start planning for retirement. There are various types of retirement accounts that allow you to start saving for the future your way - so when you retire, you can hopefully keep living the lifestyle you’re used to. Questions or Comments? Have a question or topic you’d like to learn more about? Let us know: Twitter: @ZionsDirectTV Facebook: www.facebook.com/zionsdirect Or leave a comment on one of our videos. Open an Account: Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com Bid in our Auctions: Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com
Views: 12899 Zions TV
Retirement Planning Explained - Best Retirement Plans Review
What are the best retirement plans – What is retirement planning fully explained? http://www.RetireSharp.com 1-800-566-1002. What are the best types of retirement plans and learn how you can avoid the most common mistakes that individuals have made when looking to set up retirement planning for their goals. Retirement Planning With Annuities You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors. Many financial professionals suggest that you'll need about 70 percent of your current annual income to fund your retirement. This can be a good starting point, but will that figure work for you? It depends on how close you are to retiring. If you're young and retirement is still many years away, that figure probably won't be a reliable estimate of your income needs. That's because a lot may change between now and the time you retire. As you near retirement, the gap between your present needs and your future needs may narrow. But remember, use your current income only as a general guideline, even if retirement is right around the corner. To accurately estimate your retirement income needs, you'll have to take some additional steps. Your annual income during retirement should be enough (or more than enough) to meet your retirement expenses. That's why estimating those expenses is a big piece of the retirement planning puzzle. But you may have a hard time identifying all of your expenses and projecting how much you'll be spending in each area, especially if retirement is still far off. Don't forget that the cost of living will go up over time. The average annual rate of inflation over the past 20 years has been approximately 2.5 percent. (Source: Consumer price index (CPI-U) data published annually by the U.S. Department of Labor, 2013.) And keep in mind that your retirement expenses may change from year to year. For example, you may pay off your home mortgage or your children's education early in retirement. Other expenses, such as health care and insurance, may increase as you age. To protect against these variables, build a comfortable cushion into your estimates (it's always best to be conservative). Finally, have a financial professional help you with your estimates to make sure they're as accurate and realistic as possible. Decide when you'll retire To determine your total retirement needs, you can't just estimate how much annual income you need. You also have to estimate how long you'll be retired. Why? The longer your retirement, the more years of income you'll need to fund it. The length of your retirement will depend partly on when you plan to retire. This important decision typically revolves around your personal goals and financial situation. For example, you may see yourself retiring at 50 to get the most out of your retirement. Maybe a booming stock market or a generous early retirement package will make that possible. Although it's great to have the flexibility to choose when you'll retire, it's important to remember that retiring at 50 will end up costing you a lot more than retiring at 65. The age at which you retire isn't the only factor that determines how long you'll be retired. The other important factor is your lifespan. We all hope to live to an old age, but a longer life means that you'll have even more years of retirement to fund. You may even run the risk of outliving your savings and other income sources. To guard against that risk, you'll need to estimate your life expectancy. You can use government statistics, life insurance tables, or a life expectancy calculator to get a reasonable estimate of how long you'll live. Experts base these estimates on your age, gender, race, health, lifestyle, occupation, and family history. But remember, these are just estimates. There's no way to predict how long you'll actually live, but with life expectancies on the rise, it's probably best to assume you'll live longer than you expect. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: retirement plans Best retirement planning Top retirement plans Retirement planning for dummies Retirement planning for beginners What are the best strategies for retirement plans so that I can avoid critical retirement planning mistakes? https://www.youtube.com/watch?v=fCOH4xL5z-Y
Views: 2748 retiresharp
Retirement plan basics
Qualified retirement plans By now I hope you have a good understanding of the power of compounding. Starting early and attaining even modest increases in your return can lead to a much larger nest egg down the road. But now let's look at the best way to actually build that nest egg. By far the best way to save and invest your retirement money is through a tax-sheltered retirement account. One of the first things to understand about all employment-related retirement plans is the difference between so called qualified and non-qualified plans. There are plenty of different qualified plans but they all meet IRS standards. Qualified plans provide the best deal for both employers and employees. How qualified plans work Under a qualified plan, any contributions that the company makes are immediately deductible as wages by the company. This increases their expenses and thus lowers their taxable profit. Under a 401(k) arrangement, you as the employee, divert part of your salary to a tax-deferred account. The employer may also match a portion of your diverted wages. In this case, the employer gets to deduct immediately your diverted wages and the employer's match. You, on the other hand, won't pay income taxes on your savings or the employer's match. This is a win-win scenario for the company and it's workers, and a lose-lose scenario for the US Treasury. Qualified plans, however, come with strings attached. To get immediate deductibility, employers must meet non-discriminatory requirements. These are meant to ensure that the employer doesn't slant the plan to favor executives or owners. The employee also faces restrictions. Most plans limit access to funds until age 59.5, and place tax penalties on those who withdraw funds early, although there are exceptions. Non-qualified plans There are also non-qualified plans. These include special plans set up for executives or pension plans set up between large companies and large unions. These plans are too complex to discuss here, and they have even more strings that limit their attractiveness. So almost all of the plans that you'll participate in, such as the 401(k) plan, will be qualified plans. Graduated and cliff vesting To become a qualified plan, a plan must offer a fairly lenient vesting schedule. Once you're vested in a plan, you're entitled to benefits. Back in the bad old days, you often had to work for a company for 10 or even 20 years before becoming vested in the program. However after the Tax Reform Act of 1986, almost all people must become vested in a plan after seven or fewer years of employment. A company can offer so-called "cliff vesting" or "graduated vesting". With cliff vesting, an employee becomes eligible to get 100 percent of the company's contribution after five years of employment. Under graduated vesting, the employee gradually stakes a claim to the company's contribution over years three to seven of employment. After the third year, you claim 20 percent of what the company had already contributed in your name. After the fourth year, you claim 40 percent and so on up to 100 percent after year seven. These five and seven year schedules are the worst-case allowed for qualified plans. However, companies often offer better deals, such as 100 percent graduated vesting over five, not seven, years. Forfeited money due to lack of vesting So what happens if you you're in a plan that offers five year cliff vesting and you leave after year three? What happens to the money that the company chipped in your name? The answer depends on the plan, but if you're in a big company's plan your money usually is split up between the remaining employees. You lose, and remaining employees win. But if you're in a small company's plan, you may be able to keep the employer's matching contribution. Still, remember one thing. The money that you personally save in the plan is always 100 percent yours. Assume that you have a 401(k) plan and you divert $2,000 of your salary into it. The company offers a 50 percent match and thus adds $1,000 to your account. The $2,000 you saved is always your money, but the $1,000 contribution by the company is subject to the plan's vesting rules. If you leave early, you may lose some or all of the $1,000 match. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/050-retirement-plan-basics
Views: 2484 MoneyHop.com
Best Retirement Plan Account
Do you know what the best retirement plan option is to secure the life you desire when you stop working? Most people don't, and that is by design. in this short video, you are going to learn what the best retirement plan option is, and why you haven't heard about it before. We are going to discuss the retirement plan option that is best for doctors, lawyers, small business owners, entrepreneurs, chiropractors, dentists, real estate professionals, and anyone else who wants to have their own retirement plan! Most financial advisers won't tell you about these types of retirement plans simply because they won't make any money setting them up for you. Since financial advisers and planners are mostly sales people trying to set you up with their company's mutual funds so that they can make commissions, they aren't likely to tell you about these types of accounts at all! What we're talking about here are self directed retirement plans that anyone can have access to, even if you don't own your own company! Believe it or not, the IRS does allow anyone to have their own self directed retirement account so that you can defer much more money than most people think is allowed, reduce your taxes significantly, and reap the rewards of tax deferred and tax-free growth for decades to come! Watch this video now to find out what the absolute best retirement plan option is for you!
Views: 6014 Self Directed Company
Retirement for Dummies - Easiest explanation of Retirement  Planning for Dummies
Retirement for Dummies – Retirement for Beginners without the hassle 1-800-566-1002 http://www.RetireSharp.com . This video was created to help the everyday individual avoid the most common mistakes when dealing with retirement. We show specific strategies to help you produce a confident retirement and no longer feel like a dummy. Getting the help of a good retirement income planner will also help a person gain more control of his or her current finances, which will help determine the future of his or her retirement savings. It is believed that if people start to save up for their retirement as early as possible, they have more options to choose from, and thus a thousand possibilities could sprout up. It would also be a good thing to come up with a long term financial plan together with an expert so that all things will be covered. Investors can create a confident retirement and no longer feel like a retirement dummy when utilizing safe planning. Interest rates and prices in the industry are currently low, spelling opportunity for the wise senior or near retiree. There are numerous factors you need to determine before buying a financial product that will generate good money. Annuities can provide a steady flow of retirement income. But there are many types of annuities and not all of them are right for everyone. Insurance companies and agents are sometimes over aggressive in trying to convince a consumer to buy a particular annuity. Just because an annuity comes with a recommendation doesn't always mean that it is the right one for a person’s unique portfolio. It is always better to do the research to find the right one for your own situation. The main things people need to take advantage of the retirement income opportunities on the internet is to utilize a financial firm which explains things in full detail. Education is they key to making sure you are taught very basic principles so even a retirement can make sense for dummies. Since Social Security, earnings, pensions and asset income account for 99% of the income for people aged 65 and older, it makes sense to concentrate on these four sources to calculate retirement income. These sources are described below, with guidance for estimating the amount of income you can expect from each. For most people, the sum of these amounts will be an accurate estimate of retirement income. A retirement plan is a financial arrangement designed to replace employment income upon retirement. These plans may be set up by employers, insurance companies, trade unions, the government, or other institutions. Congress has expressed a desire to encourage responsible retirement planning by granting favorable tax treatment to a wide variety of plans. Federal tax aspects of retirement plans in the United States are based on provisions of the Internal Revenue Code and the plans are regulated by the Department of Labor under the provisions of the Employee Retirement Income Security Act (ERISA). As mentioned above, most people can accurately estimate their retirement income by adding their Social Security, earnings, pensions and asset income. Anyone retiring, or being retired, will initially worry about what their retirement income will be. Generally people require more income at the outset as most people spend more money earlier in their retirement and less money later in their retirement. This of course could be different if you required care later in life. Please make sure to subscribe to our YouTube channel for the most updated videos. Thanks for watching! Realted search terms: Retirement for dummies blog Retirement for beginners Retirement planning for dummies Retirement basics for dummies http://www.youtube.com/watch?v=ScdDkgnix8A
Views: 18922 retiresharp
Money Guru : Importance of retirement planning
Watch this special segment and get to know about the importance of retirement planning. Zee Business is one of the leading and fastest growing Hindi business news channels in India. The channel has revolutionized business news by its innovative programming and path-breaking strategy of making business news a 24/7 activity as it is not just limited to the stock market. This has made Zee Business your channel to wealth and profit. Besides updated hourly news bulletins, there is a lot to watch out for, whether it be stock market related detailed information, investments, mutual funds, corporate, real estate, travel or leisure. The channel has the most diverse programming portfolio which has positioned it as a channel of choice amongst viewers. By speaking a language of the masses, Zee Business is today the most preferred for business news. Some of the popular shows of Zee Business are: Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
Views: 45784 ZeeBusiness
What is a 401(k) retirement plan?
79% of Americans work at places that sponsor 401(k)-style retirement plans. Here are the basics of what you need to know.
Views: 2434 Fox News
All you need to know about retirement planning CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise. Subscribe to our Channel: https://www.youtube.com/user/CNBCTV18 Like us on Facebook: https://www.facebook.com/cnbctv18india/ Follow us on Twitter: https://twitter.com/CNBCTV18News Website: http://www.moneycontrol.com/cnbctv18/
Views: 10380 CNBC-TV18
All you need to know about retirement planning CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise. Subscribe to our Channel: https://www.youtube.com/user/CNBCTV18 Like us on Facebook: https://www.facebook.com/cnbctv18india/ Follow us on Twitter: https://twitter.com/CNBCTV18News Website: http://www.moneycontrol.com/cnbctv18/
Views: 1407 CNBC-TV18
You MUST Start Retirement Planning in Your 20's!
Welcome to my MissBeHelpful channel! In this video, I talk through an example from Suze Orman's "Women and Money" which explains why time is CRITICAL when it comes to investing, especially in regards to your retirement! I also discuss why you cannot make up for lost time. Here are some resources for investing in a retirement plan: http://time.com/money/3930456/millennials-retirement-401k-savings/ http://www.fool.com/investing/beginning/2014/07/28/the-huge-retirement-mistake-millennials-are-making.aspx http://vanguardblog.com/2015/04/02/my-message-to-millennials/ SHARE this video with your friends and spread the word! The younger you are when you start, the more money you can make over time! More from MissBeHelpful: My VERY FIRST video (AWWW): https://www.youtube.com/watch?v=SO-xx4acDEM&t=206s How to Improve Your Credit Score FAST: https://www.youtube.com/watch?v=QX3JZeEVgBM Common Credit Card Myths: https://www.youtube.com/watch?v=RFPeyxmMbo4&t=4s Budgeting Basics: https://www.youtube.com/watch?v=_au8Vm66xTs&t=9s How I Save Half of My Income: https://www.youtube.com/watch?v=swaKg2PmSJI&t=1s 5 Things to Consider When Applying for New Credit Cards: https://www.youtube.com/watch?v=iXowOnl0Wrc&t=86s Credit Card Rewards… Do’s and Dont’s: https://www.youtube.com/watch?v=vYAZQBYcijs&t=1s Become and Expert at Reading You Credit Card Statement: https://www.youtube.com/watch?v=EsCuSODsRnY&t=8s How To Improve Credit With Limited or No Credit History: https://www.youtube.com/watch?v=dslSyGRM6s4&t=7s Best Apps to Save for Retirement with a ROTH IRA: https://www.youtube.com/watch?v=mwiUPkBI-1Q&t=27s Best New Way To Improve Credit - No Credit Card Required: https://www.youtube.com/watch?v=6b9eMsb7K8U&t=1s How Trump Can Affect Your Finances: https://www.youtube.com/watch?v=S0Sv6-lXJhY&t=4s How I Use the Grace Period to Avoid Paying Interest: https://www.youtube.com/watch?v=crUU0teDcH0&t=32s Let’s connect: FACEBOOK: https://www.facebook.com/missbehelpful/ INSTAGRAM: https://www.instagram.com/missbehelpful/ SNAPCHAT: Coming Soon! BUSINESS INQUIRIES: Missbehelpful@gmail.com ’Til next time… PEACE!
Views: 34367 MissBeHelpful
Best Retirement Plans - What Are The Best Retirement Plans
What are the best retirement plans – What is the best retirement plan? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of retirement plans and learn how you can avoid the most common mistakes that individuals have made when looking to set up the best retirement plans. How to Find the Best Retirement Plans? Here's How People think it is really hard to find the best retirement plans. Actually, the truth is, it is not hard at all. It is very easy. A good retirement plan is something that ensures financial security. It is as simple as that. How do you define financial security? By the time you retire, you should have built quit a nest egg that you don't have to depend on either your friends or the government for your daily needs. Sounds simple, right? Before we discuss further about retirement plans, I need to ask you a question. Are you in charge of your money? Do you have the freedom to invest your money wherever you want or are you still dependent on your employer to make all these decisions? The answer to these questions decides how your post retirement life will be. Unfortunately, a lot of people do not put their retirement funds to good use. The funds remain dormant in their traditional accounts due to two important reasons. Here they are. A lot of people are unaware of the fact that they can do something with their retirement funds. You can actually opt for a self directed IRA (individual retirement account) and invest your retirement funds whichever way you want and make lots of profit. A lot of people are not aware of this at all. People think that they lack the financial acumen to be able to make the right investment decisions. They think of options like the stock market and they are wary of the fact that they could lose their money by the thousands by investing in a volatile market. So, they decide to play safe by earning a tiny little interest on their retirement funds. Like I already said, the best retirement plans are the ones that give you financial freedom. How do you get financial freedom? Simple - by getting higher returns on your investment, you can safely build a nest egg for your post retirement life. How do you get higher returns? Again, the answer is simple - by investing wisely. How do you invest wisely? Now, this is a very important question. Let us take a detailed look at the answer now. To invest wisely and to pick the right retirement plans, you need to have freedom. In other words, you should be in charge of your own money, not your employer. With traditional retirement accounts like 401Ks, you are always dependent on your employer. Pick the right investment option, get steady returns, and enjoy complete financial freedom in your post retirement life. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: best retirement plans annuities best retirement plans income best retirement plans explained best retirement plans reviews best retirement plans review What is the best fixed indexed best retirement plans vs the top immediate income best retirement plans https://www.youtube.com/watch?v=_gINxOpI5kA
Views: 928 retiresharp
How to Rescue Your Retirement Plan | Tony Robbins Podcast
In this episode of the Tony Robbins podcast, Richard Bradley, Editor-in-Chief of Worth Magazine, hosts the podcast and offers up insightful information into the best retirement plans in America. Bradley is joined by Tom Zgainer and Josh Robbins of America’s Best 401k, and the three sit down to discuss the many misconceptions people have about saving for retirement. Presently, more than 90 million Americans contribute to 401ks, but still don’t know much about what they’re putting their money into. In fact, Bradley and his guests claim that 70% of Americans with 401ks are so in the dark about retirement that they don’t know there are fees associated with their retirement accounts. The most damaging thing about these hidden fees is that they’re chipping away at the returns people receive on their 401k accounts over time. In 2012, 401k providers became legally required to publicly disclose their fees upfront. This changed retirement accounts for the better, as people were more knowledgeable about what they were putting their funds into. Now, each participant in the plan has to legally receive a disclosure. But oftentimes, these disclosures can be hidden on the provider’s website, and are intentionally created to be unreasonably long and difficult to read through, ultimately making it difficult for participants to know what they’re doing with their money. One finance professional, Robert Hilton Smith, went on a mission to find out how many fees he was paying related to his 401k account. He found 17 different fees that were hitting his account. This could result in major losses for individuals. Say there’s a person in their 30s making $30,000 annually. Over their lifetime, this person is susceptible to paying up to $154,000 in fees alone. How much money would they have if this money were put to work compounding? How much would they have made? This is the difference between being able to retire and being afraid to. How do you avoid overpaying for underperformance? Zgainer and Robbins developed a simple-to-use fee checker for their brand. This tool empowers people to further investigate their options and compare their potential investments side-by-side. Zgainer and Robbins also encourage listeners to not be afraid about switching 401k plan providers, as this can often lead to massively increasing their savings in the long run. So, what is the best retirement plan? Find out for yourself by listening to the full podcast. With detailed information about the smartest ways to invest and the best 401k plans, this episode of the podcast is ideal for anyone looking to start taking control of their future finances and maximizing their potential. Visit Tony Robbins' websites: https://www.tonyrobbins.com/ http://www.unshakeable.com/ Follow Tony Robbins @: Facebook: https://www.facebook.com/TonyRobbins Twitter: https://twitter.com/tonyrobbins LinkedIn: https://www.linkedin.com/in/ajrobbins Google+: https://plus.google.com/+TonyRobbins Instagram: https://instagram.com/tonyrobbins/ Tony Robbins is a #1 New York Times best-selling author, entrepreneur, and philanthropist. For more than 37 years, millions of people have enjoyed the warmth, humor and dynamic presentation of Mr. Robbins' corporate and personal development events. As the nation's #1 life and business strategist, he¹s called upon to consult and coach some of the world¹s finest athletes, entertainers, Fortune 500 CEOs, and even presidents of nations.
Views: 12754 Tony Robbins
Retirement Planning For The Self-Employed !
Recent studies show that most self-employed Americans are saving little, if anything, for retirement. Why? Excuses include a lack of steady income, paying off major debt, healthcare, education, and business expenses. But when the future depends on you, making an investment in yourself is worth it. The retirement saving options most preferred by self-employed workers are solo 401(k)s, SEP IRAs and SIMPLE IRAs. The solo or individual 401(k) is like a traditional 401(k), but it’s for sole business proprietors with no employees other than a spouse who works for the business. It permits contributions as both the employee and employer, which means higher limits than many savings plans. In 2014, the employer could save $17,500; or $23,000 if over 50 years old, plus an additional 25% of net income up to a maximum of $52,000; or $57,500 if over 50. A simplified employee pension, or SEP IRA, suits individuals and businesses with employees. A SEP IRA can be opened at just about any bank or brokerage. The business owner can contribute up to 25% of each employee’s income, up to $52,000. When making a contribution, the owner must contribute for every employee. Since employees do not make contributions, the plan is most popular with one-person businesses. Savings incentive match plan for employees, or SIMPLE IRAs, are like SEP IRAs, but the employees can make contributions. The employer must contribute dollar-for-dollar up to 3% of each eligible employee’s contribution, and 2% for those who don’t contribute. In 2014, contribution limits of $12,000 -- $14,500 if over 50 -- and the matching requirement made SIMPLEs best for those with no employees and incomes of less than $45,000. Read more: Retirement Planning For The Self-Employed - Video | Investopedia http://www.investopedia.com/video/play/retirement-planning-selfemployed/#ixzz3tNDhtOTG Follow us: Investopedia on Facebook
Views: 5718 Investopedia
पेंशन प्लान जीवनभर के लिए | PENSION PLAN |Jeevan Akshay | Plan No. 189 | LIC | In Hindi
Retirement Plan ( Plan combination with Tax benefit) https://youtu.be/0f8swtfLryc Here you will get latest Information Related To Insurance , Investments , Mutual funds, saving accounts, current accounts, stock markets, Insurance Advise and also latest updates about financial news etc. ---------------------------------------------------------------------- Also Support On - Subscribe Here :- https://goo.gl/Nj3Yhk Website :- https://goo.gl/k2cCbd Facebook Page :- https://goo.gl/gyt2n5 Google Plus :- https://goo.gl/FjvHMR Facebook Myself:- https://goo.gl/vBCnWx Instagram :- https://goo.gl/9pSPD2 Linkedin :- https://goo.gl/yHeoMA Twitter :- https://goo.gl/svbqvK New Channel - https://goo.gl/f4NKdn Paypal :- akgargofficial@gmail.com ------------------------------------------------------------------- ----------------Videos Playlists-------------------------- Investment Plans Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo1XhJaJ27fw_ZG-BZ1Ihaqw ____________________________________ LIC Insurance Plans Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2R7KG_zq7JW6DoJ9VM9-aI ____________________________________ Mutual Fund Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2iTDuu55hSNTrSD1k8Bjit ____________________________________ Children Plans - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo1HAVzlC785IyS0BkRKmtVa ____________________________________ Pension Plans - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0NqCIuut7XOpSfmMSOiZhp ____________________________________ Term Insurance Plans - 👇https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0CrfpuNGkHgdGmm8lXuChB ____________________________________ Plan Combinations - 👇https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo1luKvet-BugOc7wwjiboFk ____________________________________ Money Back Plans -👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0NpGKeYfPbjdvlw9f__wwf ____________________________________ Star Health Insurance Videos (Medi Claim) - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2f0hmhCYaXDr9aJUacdPEj ____________________________________ Online Facilities Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2bUGPdpTke0HMwAfjpbs7G ____________________________________ Check My all YouTube Videos - 👇 https://www.youtube.com/channel/UCk0jZcRvAxV7NaKodQzjGIg ____________________________________ Important Updates -👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0l7Lh_NUflQ4zlqEEVsTg- ------------------------------------------------------------- ------------------------OFFERS------------------------ Best Deals on Amazon - http://amzn.to/2D34pdw Best Deals on Flipkart - http://fkrt.it/BADsdTuuuN ------------------------------------------------------------- My Gears- Mic - http://amzn.to/2zUMeFs Camera - http://amzn.to/2EgORDS Writing Pad -http://amzn.to/2DJJktc Laptop - http://amzn.to/2trtNJP Tripod - http://amzn.to/2Iad5C6 ------------------------------------------------------------- ------------------------------------------------------------- For Business Related - (Sponsorships - Collaboration) E-Mail @ akgargofficial@gmail.com
Views: 231753 Unlimited Gyan
Investing Basics: Planning for Retirement
Retirement may be the largest financial goal you’ll ever have, and you need a plan to get there. In this video you’ll learn the basics of retirement planning, like how to set a retirement goal, choosing between a Roth or Traditional IRA, and deciding how to manage your investments.
Views: 281163 TDAmeritrade
The Ultimate Retirement Plan Alternative
There's a time-tested strategy to grow your retirement savings without risking your money in the stock market and without stringent government restrictions, and it offers guaranteed growth. Instead of a traditional retirement plan with its promise of tax-deferred contributions and hidden fees, try the ultimate retirement plan alternative - Bank On Yourself. Using dividend paying whole life insurance, a Bank On Yourself plan offers predictable growth and retirement income with no luck, skill or guesswork required. This retirement plan alternative never slides backward when the markets tumble and allow you to access your principle and gains with no taxes. A Bank On Yourself plan also lets you control your money without any government penalties or taxes or limits on how much or when you can withdraw. Not only that, these plans allows you to borrow from them for emergencies, growing your business or even pay for your child's education. If you want a retirement plan that offers real financial peace of mind, visit our site and check out http://www.bankonyourself.com/best-retirement-plan-alternative before talking to an authorized Bank On Yourself advisor.
Views: 5213 Bank On Yourself
When Does It Make Sense to Offer Employees a Retirement Plan?
Your company has grown. But retirement plans are complex.
Views: 383 Entrepreneur
Retirement Planning | Plan Combination | LIC Retirement Pension Plan with Tax benefit | Tax Free
Leader app link to generate PDF for Plan combination - https://play.google.com/store/apps/details?id=com.lic.LICleader1 Here you will get latest Information Related To Insurance , Investments , Mutual funds, saving accounts, current accounts, stock markets, Insurance Advise and also latest updates about financial news etc. ---------------------------------------------------------------------- Also Support On - Subscribe Here :- https://goo.gl/Nj3Yhk Website :- https://goo.gl/k2cCbd Facebook Page :- https://goo.gl/gyt2n5 Google Plus :- https://goo.gl/FjvHMR Facebook Myself:- https://goo.gl/vBCnWx Instagram :- https://goo.gl/9pSPD2 Linkedin :- https://goo.gl/yHeoMA Twitter :- https://goo.gl/svbqvK New Channel - https://goo.gl/f4NKdn Paypal :- akgargofficial@gmail.com ------------------------------------------------------------------- ----------------Videos Playlists-------------------------- Investment Plans Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo1XhJaJ27fw_ZG-BZ1Ihaqw ____________________________________ LIC Insurance Plans Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2R7KG_zq7JW6DoJ9VM9-aI ____________________________________ Mutual Fund Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2iTDuu55hSNTrSD1k8Bjit ____________________________________ Children Plans - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo1HAVzlC785IyS0BkRKmtVa ____________________________________ Pension Plans - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0NqCIuut7XOpSfmMSOiZhp ____________________________________ Term Insurance Plans - 👇https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0CrfpuNGkHgdGmm8lXuChB ____________________________________ Plan Combinations - 👇https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo1luKvet-BugOc7wwjiboFk ____________________________________ Money Back Plans -👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0NpGKeYfPbjdvlw9f__wwf ____________________________________ Star Health Insurance Videos (Medi Claim) - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2f0hmhCYaXDr9aJUacdPEj ____________________________________ Online Facilities Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2bUGPdpTke0HMwAfjpbs7G ____________________________________ Check My all YouTube Videos - 👇 https://www.youtube.com/channel/UCk0jZcRvAxV7NaKodQzjGIg ____________________________________ Important Updates -👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0l7Lh_NUflQ4zlqEEVsTg- ------------------------------------------------------------- ------------------------OFFERS------------------------ Best Deals on Amazon - http://amzn.to/2D34pdw Best Deals on Flipkart - http://fkrt.it/BADsdTuuuN ------------------------------------------------------------- My Gears- Mic - http://amzn.to/2zUMeFs Camera - http://amzn.to/2EgORDS Writing Pad -http://amzn.to/2DJJktc Laptop - http://amzn.to/2trtNJP Tripod - http://amzn.to/2Iad5C6 ------------------------------------------------------------- ------------------------------------------------------------- For Business Related - (Sponsorships - Collaboration) E-Mail @ akgargofficial@gmail.com
Views: 25536 Unlimited Gyan
TSP Retirement Plan - TSP Retirement Plan for Dummies
What are tsp retirement plans – What is a tsp retirement plan? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of tsp retirement plans for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to set up a tsp retirement plan. Managing Your TSP Retirement Managing a retirement account is often the last thing anyone thinks of doing. And for those with a government TSP (Thrift Savings Plan) it is probably even further down the list. Although a TSP only contains five funds from which to choose, this very factor makes managing the account even more important. WHY, because there is less wiggle room. The opportunity for success is equally as dramatic as that of losing it all. A middle ground would be to divide your retirement money into each of the TSP funds equally. You won't seem dramatic growth, but you could end up with steady upward steps that should at least beat inflation. The challenge with such a basic diversified plan is that you may not generate enough money to live upon when you reach retirement. Since you are limited to no more than two trades per month in your TSP account, managing your retirement means: TSP funds are private and not traded on the regular stock market exchanges. This means you need to watch funds or ETFs that closely resemble your TSP funds. Once you know which symbols to watch, or you look at the performance via your TSP login, you can adjust your holdings to meet your objectives. You can focus on growth or safety or by diversifying amongst the funds you can weight your holdings towards your preference of growth or security. Various charting software, even free online software, can give you an indication of what is happening with each of your funds. Investment software based on technical analysis can take the basic information a step or two further and in seconds provide recommendations based not just on the movement of your funds but how they compare to each other and even to the stock market as a whole. This type analysis, dubbed relative strength, can lead you to the best performers at the current time and also tell you when to sell or switch funds. Selling, many investors forget, is the only way you actually make money. You have no gain, no profit, except on paper until you sell a fund. Switching from one fund into another locks in the profit gained from the first fund while giving you the opportunity to grow your money further with the fund that is now moving ahead with greater relative strength. Or, you may simply want to sell from the more 'growth' fund and transfer part or all of the money into a more stable but inflation beating fund to secure that money for the future. Regardless of how you go about handling your TSP retirement account, simply doing nothing and let it rest in the default fund will barely keep your money even with inflation (kind of like stuffing it in a coffee can for a future date) when prices for everything, yes everything will be higher. Taking a few minutes a week or a month can mean the difference between enjoying retirement or being stressed out with every bill that comes in the mail. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: tsp retirement plan annuities tsp retirement plan income tsp retirement plan explained tsp retirement plan reviews tsp retirement plan review What is the best fixed indexed tsp retirement plan for retirement vs the top immediate income tsp retirement plan https://www.youtube.com/watch?v=nxIy2-GG5Qw
Views: 1050 retiresharp
Should you invest in your company 401k retirement plan
We are a wealth management firm that specializes in improving on the traditional buy and hold approach. To use a simple analogy, we do this by treating ones retirement investments as if they were real estate. For more information call us at 727.492.0314 or visit www.JazzWealth.com Facebook https://www.facebook.com/JazzWealth/ Investment related questions 📧 Dustin@JazzWealth.com Business Affairs 📧Carolyn@JazzWealth.com
Views: 1708 Jazz Wealth Managers
Having a Retirement Plan that Integrates with Social Security  - Right on the Money – Part 2 of 5
Sub Headline: In Retirement Planning, Everything Is Correlated Synopsis: Sir Isaac Newton’s Third Law of Motion has been distilled down to a simple axiom, “to every action there is an equal and opposite reaction.” Money in motion has a similar financial counterpart related to the science of physics. When you receive income, you’ve become the great prime mover. You’ve put money in motion. You’ve initiated a cascading domino effect that may have multiple tax ramifications, especially for Social Security benefits in retirement. Content: You just can’t put money in motion without determining its overall impact on your tax bill. Why? Because in retirement, every dollar matters. It’s surprising most people will plan for a 30-day vacation, but not plan for their 30-year retirement. Learning the basic rules of economic engagement can help you keep more of your hard-earned money. Watch the interview on retirement planning with Tom Hegna, popular platform speaker, retirement expert and best selling author. Tom has two retirement books entitled Don’t Worry Retire Happy and Paychecks and Playchecks. Tom has also hosted the PBS Special, “Don’t Worry Retire Happy.” The U.S. tax system is the most integrated and convoluted tax trap ever created from the vain imaginations of men. Almost every type of income imaginable is purposely correlated to capture the most tax revenue, especially in retirement. A good retirement course of action is going to manage taxes as a key strategy to put more money in your pocket. Some seniors believe municipal bond income is the way to reduce their tax bill. But with one retiree, the quest for tax-free income from his municipal bond holdings resulted in multiple taxable events. That senior’s portfolio was inordinately rich in municipal bonds. The “psychonomics” revealed his utter hatred for taxes. Sadly, some of his municipal holdings were treated as preference items and triggered the alternative minimum tax. One bond actually appreciated and triggering a capital gain tax. But all of his municipal bond income was includable for Social Security, resulting in an ordinary income tax on his benefits. Everything is correlated. So before you put money in motion, determine the tax ramifications first. Keep in mind almost every form of income is includable in the Social Security provisional income test. As a result, many seniors pay ordinary income tax at the second Social Security tier, but not income from a Roth IRA, reverse mortgage or policy loans from a non-modified endowment life insurance contract. It is conceivable with certain deductions and exemptions, simultaneous income from Social Security benefits, Roth IRAs, a reverse mortgage and policy loans from a non-modified endowment life insurance contract can all be distributed tax-free. That’s money in motion in its most efficient use, i.e., more money in your pocket. Nationally syndicated financial columnist Steve Savant interviews Tom Hegna, popular platform speaker, retirement expert and best selling author. Tom has two retirement books entitled Don’t Worry Retire Happy and Paychecks and Playchecks. Tom has also hosted the PBS Special, Don’t Worry Retire Happy. (www.rightonthemoneyshow.com) https://youtu.be/LZKj7-QROW8
HDFC  MF New scheme , HDFC Pension Plan 2018 in Hindi ( Prudence Fund )
Hello Friends Note :- हेलो दोस्तों "HDFC Mutual fund का Prudence Fund एक बहुत ही अच्छा पेंशन प्लान हे हलाकि इसका नाम Officially पेंशन प्लान नहीं हे लेकिन आप एक बार निवेश करके प्रति माह पेंशन के रूप में एक निश्चित राशि पा सकते हे जोखिम एवं अन्य जानकारी वीडियो में बताई गई हे " In this video we will show you hdfc mutual fund pension plan, in which one can invest a Big amount and get regular pension For example If Some One Invest 10 lac Rs. Then he can get 10000/- pension per month "this is really amazing plan". In this plan by investing a big amount one can get an amount of pension. in this plan pension start immediate no need to wait for long time. start this plan and pension start hand to hand. So Friends Lets see the name of this plan Then Name of the HDFC MF Pension Plan Is """" HDFC PRUDENCE FUND""" ( An Open Ended Balanced scheme) { Two Option available regular and direct both are good HDFC Prudence fund is balanced fund which invest in both equity and debt Instrument which give amazing returns. Now See How to Buy HDFC Mutual Fund Online , first option to buy hdfc pension plan -- one can buy this plan from hdfc mutual fund office second option to buy hdfc mutual fund pension plan is visit to hdfc bank and buy hdfc pension plan Third Option to invest in hdfc pension plan or invest in hdfc pension plan direct from home is log in to http://www.hdfcfund.com/investorcorner/hdfcmf-online
Views: 432677 Online Support Raj
Make Your Money Last: The Top 5 Retirement Planning Myths
Worried about having enough money in retirement? Thinking of working a few more years just to be sure? Financial planning for retirement is more complex than ever. It’s no longer just about saving enough to get to retirement; it’s also about making sure your money lasts through your retirement years. Don’t risk outliving your money by adhering to the old ideas of retirement planning. Learn why many of the traditional approaches to retirement planning no longer apply, how to avoid the risk of outliving your money, and key steps you can take to ensure your money lasts as long as you do. Visit Northwestern Mutual: https://www.northwesternmutual.com/ Like us on Facebook: https://www.facebook.com/northwesternmutual Follow us on Twitter: https://twitter.com/NM_News Follow us on Instagram: http://instagram.com/northwesternmutual
Views: 81117 NorthwesternMutual
Retirement Plan and IRA Rollovers
Find out how you can roll over funds in an IRA or retirement plan into another account. For more information, go to https://www.irs.gov/rollovers
Views: 18767 IRSvideos
https://www.youtube.com/playlist?list=PLQRz3pmu5cxyRgkyY9WbUC2YolZnqN8Fg http://bit.ly/getallthefacts You’re searching for the answer for the “Simple Retirement Plan?" (“Simple”+”Retirement”+”Plan”) All the Big Financials with ads on TV are saying at the center of the question of “Retirement Planning” (“retirement”+”planning”) is “Money”. And what the fear mongering are pumping at you; breaks down to how much “money” for how long? See the commercials where they get crowds of Tom Sawyers to paint stripes up giant walls and little origami orange rodents telling you to “save money” (“save”+”money”). Who has any “money”? Do you? If you do, do you think they are telling it straight? These are the same advertisers preaching and pitching to you Back in 2008 and. How did these Financials do then? Did that work out for you, then? You looking for a “simple retirement plan”, and fortunately I got one. Finding the “right strategy” for building your “retirement” as in a “retirement worth living”, (“retirement”+”worth”+”living”) that is a “simple retirement” “plan” (“simple”+”retirement”) (“simple”+”retirement”+”plan”)?" If the Strategy their selling you is a “saving ‘money’ now” for retirement spending later, which means for most of us; Robbing "Peter" (your NOW) to Pay "Paul" (Your FUTURE). That’s the wrong strategy. Goal one is not saving money. Goal one is controlling more of the money you are currently earning. Not thinking this way. "You don't know, what you don't know." If you haven’t learned how to structure your “tax liability” to where you are paying the least amount of money possible leaving you with the most amount of earned income in your control, "You don't know, what you don't know." And when you find out, it might be too late Look, if you learned this one strategy of reducing your tax liability by around 50% or more, this would change everything. Let’s say you are 40 years old and plan on working until you are 65. Good luck with that plan! And let’s say you pay $ 25,000.00 a year in income tax, I am saying you would learn how to save $ 12,500.00 a year, year over year and after 25 years you would have $ 312,500.00 keeping money you earned. This is not based upon luck or any market condition. If you are 30 years and that meant 10 more years, you would have $ 437,500.00. If you have a 30 year mortgage and you don’t know how mortgage acceleration works, then you are throwing away 15 years or more of your money because of ignorance. The mortgage companies’ motto is “never smarten up a chump. They look at that money as theirs not yours! Money you earned but you don’t know how to keep. "You don't know, what you don't know." And when you find out, it will be too late. Here is something I bet you don't know? 90% of ALL millionaires built and protected their money in the asset category "Real Estate". 90%! A little over 5%+ make it either inventing or innovating. That leaves 4+% becoming millionaires from investing in stocks and bonds and ALL other asset classes combine! Stock Brokers and the like aren't even becoming millionaires by investing in their own industry! They are taking their commission money (probably from stocks they advised you to buy) and they are investing it in Real Estate! Think about that the next time you think about buying stocks. Okay so what about the Simple Retirement Plan? The key is Education. Learn how the GAME is played! Learn how “the business of your life” should be played! Just to learn these fundamentals would only cost you a couple of thousands of dollars and look what it would mean in real life changing choices Not only that but the money can be reimbursed. Get a “Real Estate Investor Education” (“real”+”estate”+”investor”+”education”). My name is Richard Goldstein. I work for Tactical Strategies.net. I have a blog "Get the Facts, All the Facts To Set You FREE". . I am a senior recruiter for the number 1 rated Real Estate Investor Education in the country. The Curriculum has a Better Business Bureau A+ rating. I recruit two types of folks; ones who want to become “millionaires” in the next 5 years or less. And / Or folks who want to make at least $ 1,000.00 to $ 10,000.00 a month recruiting like I do. And actually if you work with me, I will train so you are going to make a lot more than that. By now you should want to know way more about what I am talking about and that is a good thing because I have a 15 minute video. Click on the info button here on the upper right. You will be directed to where you can give me your name, phone #, and e-mail and by "clicking the 'register' button" requesting me to send you the video. This video changed my life literally. And I think it will yours, too. After you watch the video, I will be available to answer your questions.
Views: 547 RH Goldstein
Municipal Workers Retirement Plans Provide Distinct Advantages - Right on the Money - Part 5 of 5
Sub Headline: Participants can take early distributions without penalties Synopsis: In a sea of retirement plans that can differ by profession and employer, municipal workers’ retirement plans feature high levels of allowed contributions, and distributions before age 59 ½ are not penalized if the worker remains as employees. Content: Police and fire officials who protect cities and citizens from danger enjoy a bit of protection themselves in the form of uncommon benefits that fall under a Type 457 retirement plan. While similar in nature to primarily self-funded 401(k) plans in corporations, and 403(b) plans in tax-exempt organizations, 457 participants can take penalty-free distributions and have yet another outlet to supplement their retirement plans. Workers afforded these and other distinct benefits can be found servicing communities across the country and include policemen, firemen and utilities like water and sanitation. While teachers can fall under this general umbrella, they more commonly participate in traditional 403(b)’s, despite the more flexible withdrawal aspects of 457s. While all the aforementioned retirement plans allow for contributions from pre-tax earnings, 457s have a distinct benefit related to input and payout. While many employees’ 401(k) contributions are guided by a $6,000 annual limit, municipal employees’ 457 plans allow for up to $18,000, plus an additional $6,000 for workers over 50 years old. These high limits can be especially useful for a two-income households where the 457 participant exercises the discipline for maximum savings and tax deferral, or, when a retiring employee can maximize a last paycheck that may include pay for accumulated sick time or unused vacation hours. The more uncommon feature of a 457 among the retirement landscape is an employee’s ability to take a distribution without penalty before age 59 ½. Distributions are taxed as ordinary income, and participants are not subject to the 10% penalty normally assessed under similar plans’ rules. This effectively allows the 457 to serve as an emergency fund. Holdings in 457 plans typically comprise mutual funds, and exchange traded funds (ETFs) to a lesser degree. Caution is urged as retirement age approaches, and variable annuities can be an appropriate option. By combining proceeds from a 457 plan, a pension, and Social Security accrued from a prior job or industry, retirees can enjoy the stability that comes with three income sources. Financial professionals encourage strong attention to retirement planning during the 10-year window before and after retirement, when requirements become clearer, and critical decisions about distributing the accumulated benefits are made. Syndicated financial columnist Steve Savant interviews top retirement specialists in their field of expertise. In this segment we’re talking to accredited asset management specialist Bill Metejka. Right in the Money is a financial talk show distributed in daily video press releases to over 280 media outlets and social media networks. (www.rightonthemoneyshow.com) https://youtu.be/C_rEFiDK8s8
Simplified Employee Pension (SEP)
Advantages of SEPs and how they work In addition to Keogh plans, there's another, even simpler pension plan for sole proprietors and small corporations called the Simplified Employee Pension or SEP. A SEP account is a cross between a 401(k) account and an IRA. With a SEP account, you open an IRA account and then your employer deposits money into the account on your behalf. After the money's deposited, it's your money, and you can treat it as you would any IRA money. The employer gets to deduct the contribution as a wage expense, and the contribution never shows up on your W-2 as taxable income so you both win. If you're self-employed, you take your SEP contribution as an adjustment to your income on the front page of your 1040, like you would do if you had an IRA or a Keogh plan. One advantage that a SEP offers relative to a Keogh plan is its simplicity of administration. There are fewer forms because the employer is no longer responsible for management of the money after it's been deposited in the employee's account. Disadvantages of SEPs There are, however, some drawbacks to using a SEP relative to the more cumbersome Keogh account. First, you can't save as much using a SEP. With a SEP, a self-employed person can put away up to 13 percent of their net income for themselves. Employers can also contribute up to 15 percent of the salary of each employee. The employer must contribute the same percentage to all employees who have worked for him for three years or more, and all contributions are immediately vested with the employee. This is stricter than the 401(k) account which allows vesting over five to seven years. A SEP is quite flexible, however. If things are good one year, you can contribute 10 percent or more to all eligible employees. If you've had a bad year, you can skip contributions entirely. SIMPLE Plans Just as we were going to the studio to record this tape, Congress passed a law which allows a new form of retirement accounts for small businesses called the Savings Incentive Matching Plan for Employees, otherwise known as SIMPLE. Believe me folks, I didn't come up with this name. The politicians in Washington did. Anyway, a SIMPLE plan allows workers to save up to $6,000 of their own money into an IRA. Employers must provide a flat match of 2 or 3 percent of each worker's salary. Because these are new plans, we don't have much information on them, but if you're in a small business, you should ask your mutual fund or bank for information on SIMPLE plans. Self-employeds should set up Keoghs or SEPs If you're self-employed you should seriously consider setting up a SEP or Keogh plan for yourself. Most of the Keogh plans are easy to set up, and SEPs are even easier. Both Keoghs and SEPs allow you to save much more money than an IRA. SEPs and Keoghs can be set up easily through most mutual funds or banks. These institutions have plan documents that usually already have received approval from the IRS. To set up your own retirement plan just fill out the paperwork and send in a check. If you work for a small business that currently doesn't offer a retirement plan, you should ask your employer about setting up a SEP or a Keogh plan. You can do this in a win-win manner. Instead of haggling with your boss over a 5 percent raise, cut a deal with him. Tell him you'll take a 3 percent raise if he sets up a retirement plan. Because of the tax savings possible through retirement plans, both you and your boss could come out ahead on an after-tax basis. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/100-simplified-employee-pension-sep
Views: 4081 MoneyHop.com
What Is A Retirement Plan?
Googleusercontent search. Visit our frequently asked an individual retirement account (ira) allows you to save money for in a ira intended 'rolled over' from qualified plan feb 27, 2017 is employer's benefit employees that meets specific internal revenue code requirements. Retirement plans in the united states wikipediaretirement plansretirement entrepreneurunited department of labor. What is a 'qualified retirement plan'? Turbotax support. These plans may be set up by employers, insurance companies, trade unions, the government, or other institutions simple ira (savings incentive match for employees) sep (simplified employee pension) sarsep (salary reduction simplified payroll deduction iras. These plans apr 1, 2011 for the self employed, even if will to save retirement is there, way can be problematic. As the tax season rolls into its final few weeks, may 24, 2017 learn everything you need to know about retirement planning, including pros and cons of different accounts, considerations, Bb&t investment services income planning. Retirement plans national life group. Wikipedia wiki retirement_plans_in_the_united_states url? Q webcache. Retirement plans in the united states wikipedia en. Future cash flows are an arrangement to provide people with income during retirement when they're no longer earning a steady from employment small business subtopics compliance assistance consumer information on pension plans efast2 filing (form 5500 and form sf) employee the security act of 1974, or erisa, protects assets millions americans so that funds placed in jun 29, 2016 because this, uncle sam wants needs you save for. Saving for retirement when you retire plan administration planning includes identifying sources of income, estimating expenses, implementing a savings program and managing assets. United states department of retirement plan faq what is plan? Definition and meaning investor words. Help with choosing a retirement plan tax information for plansretirement planning. Bb&t investment services retirement income planning. Pensions pensions are the easiest retirement plans because little is required of you meant to be enjoyed without doubting your planning. It is often created by companies or the government nov 18, 2015 here are 10 best options for your retirement plan 1. Find answers to 401(k) plan questions with our helpful online plans are popular employers because they less expensive than other types of retirement. Contributions constitute the biggest expense for definition of retirement plan a savings and investment that provides income during. Let state farm help you retire stress free the relationship between firm size and retirement plan sponsorship is particularly important given obama administration's proposals to create participating in your employer's 403(b) or 457(b) can take one step closer a that support lifestyle. What is an ira? (individual retirement account) fidelity. Retirement planning resources and insights the balance. Offering t
Views: 6 Question Bag
What Is a 401K Retirement Plan & How Does It Work? Does 401 k plan SUCK???
https://FreeGoldGuide.org - get your FREE 401k to Gold IRA Rollover Guide! Let’s talk about 401lk. What is a 401k retirement plan, and how does it work? Some people believe that 401k is a great opportunity to invest for your future. The others say and BELIEVE that our 401k is about to be stolen by the big banks when the stock market crashes. Who’s right? Let's figure it out! Let me share with you something really interesting and inspiring. This is the life expEctancy graph. As you see, life expectancy increases, year by year, which means that our chances to live a long life improve dramatically. That’s really good, but! We have to figure out how to pay for basic necessities when we retire. And this is what retirement planning is all about? A 401k retirement plan might help us! I watched some videos on YouTube, and I know that it might sound complicated, so let me explain it in simple terms. This is John, John the plumber. John has a wife, two kids, a pet dog, and... a paying job. John likes his job, he makes $50,000 per year.. he cares about his future because he’s hoping to live a long life, full of joy and unforgettable moments. John works for “Super Duper Plumbers LLC”. His employer offers a 401k plan, which is a retirement savings plan for employees like John. In plain language, John can contribute a small portion of his income to his 401k plan. Example! John, as we know, makes $50,000 per year, before taxes. This is what we call a gross income. He decides to contribute 4% of his income to his 401k plan. 4% of $50,000 is $2,000. John reports only $48,000 in income on that year’s tax return. It means that 401k contributions are tax defErred. But what is really exciting is that both an employee (in this case John), and an employer (in this case, Super Duper Plumbers LLC), they both contribute to his 401k account. John saves 4%, which is $2,000. And his company contributes the same amount – 4%, which is $2,000 as well. This means, that every year John saves $4,000, or 8% of his gross income. Now you might have a question in your mind that is “WHERE does this money go, and WHEN and HOW will John be able to withdraw it”? First, let’s talk about where the money goes. In John’s case, there are two options available (this is what his employer offers). Fund number 1 consists of stocks, and Fund number 2 consists of stocks and bonds. John believes in the American economy, he heard something about diversification, and he decides to go with the second option and to invest in stocks and bonds. Year by year John contributes to his 401k plan. Year by Year his employer contributes to John’s 401k. And finally John is 59 and a half, and he is allowed to start pulling money out. And it’s really cool because he has over 500 thousand dollars in his retirement account. BUT HE OWES income tax on all his withdrawals – on the money he contributed and on the gains on his contributions. Whatever he takes out of his account is taxable income, just as a regular paycheck would be. And the problem with 401 k retirement plan and the reason why some people are not happy about it is… No one really knows what the tax rates will be in the future for anyone. Nevertheless, 401(k) plans hold trillions of dollars in assets and represented nearly 18 percent of the $25 trillion in U.S. retirement assets. Let’s go back to John. Can he withdraw his money earlier, until he reached retirement age? Yes, he can, but there is an early withdrawal rule. John may have to pay an additional 10 percent tax on his withdrawal. This is how it works, and this is a brief overview. What about other employers? Every company offers its own 401k plan, with different investment opportunities – particular stocks, particular bonds, and so on. But the general strategy is: you invest a small portion of your money on a regular basis and benefit from this in the future. Now the question: if everything is so good, why a lot of people prefer to stay away from 401k, why do they say that 401k does not work. Well, there are a few reasons. And I mentioned before that no one really knows what the tax rates will be in the future. The second reason is excessive fees nobody tells you about. And the third reason is paper dollars lose value and anything tied to them also lose value. The conspiracy theorists believe that 401k is the way the government is going to steal your hard-earned money. By the way, there is an opportunity to rollover your existing 401k plan to Gold IRA. Click the link below this video and get your free gold investment kit, and learn how you can protect your wealth in case of stock market collapses. Who's right who's wrong? You decide. Let me know your opinion below. Last Kiss Goodnight by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100611 Artist: http://incompetech.com/
Views: 787 Joyful Investor
How to Get the Most from Your Employer's Retirement Plan
Watch more How to Manage Your Money videos: http://www.howcast.com/videos/431607-How-to-Get-the-Most-from-Your-Employers-Retirement-Plan Don't miss any opportunities to maximize your savings! Here's how you can take advantage of programs offered by your employer to make your money work harder for you. Step 1: Participate in the retirement program Participate in your company's retirement savings program as soon as you're eligible, and if you can afford it, contribute the maximum amount allowed, or at least enough to take advantage of matching contributions if your company offers them. Step 2: Make deductions automatic Make your contributions automatic by having them deducted from your paycheck. In many cases, you can access your account online, making it easy to adjust contributions as needed. Step 3: Put away money for health care If your employer offers one, join a program that lets you put money away for health care needs in retirement. These plans offer tax advantages too, since contributions are made with pretax dollars. Step 4: Educate yourself Get smart about money by attending any financial seminars and webinars offered by your employer. If your employer offers the services of an objective financial consultant, seek their advice about putting together a retirement plan that's right for you. Tip Aim for savings that provide you with at least 80 percent of your salary in retirement. Step 5: Join other savings programs Consider participating in other savings options that offer tax benefits, like IRAs, after-tax annuities, life insurance, and 529 plans that help you save for children's college educations. Remember, there's no such thing as saving too much money, and you can't start too soon. Did You Know? A couple without an employer-sponsored health care plan who retires in 2010 at age 65 is projected to need between $200,000 and $800,000 to supplement Medicare and cover out-of-pocket health care expenses.
Views: 704 Howcast
Fidelity Retirement Income Planning -   Best Fidelity Retirement Plan Reviews
What is the best Fidelity Retirement Income Plan Strategy – Is a Fidelity Retirement Planner any good for your goals? 1-800-566-1002 http://www.RetireSharp.com . Learn the best Fidelity retirement income planning strategies on how you can leverage existing accounts to produce a maximized retirement. Make sure to avoid the most common mistakes with Fidelity retirement plans that cost individuals thousands of retirement income dollars! Retirement Planning Tools To Strategize Your Retirement Planning The retirement planning tools you choose boils down to your stage in life (are you still working? Already retired?) as well as the amount of time you're willing to spend entering data. You may have easier or cheaper access to some tools, depending on where you work and where you invest. Here are 5 retirement planning tools which you may want to explore: 1. Fidelity Retirement Income Planner If you like the "what if" game - what if you retire earlier, later, or invest more daringly. You can create many "what if" scenarios and see what are in store for you. This tool is easy and convenient to use; it also saves all the data you enter. However, to get it free, you must be a Fidelity client. 2. Vanguard Retirement Calculator (Free) This tool is easy to use, but a bit hard to find and doesn't save your data. It's free. 3. T. Rowe Price Retirement Income Calculator If you're retired and want an easy-to-use tool that employs Monte Carlo simulation to calculate the likelihood of your savings to see whether it'll last as long as you do - this tool is for you. It offers a free analysis in less than 5 minutes. 4. Morningstar Retirement Planner This tool offers you the best retirement investing advice from the authority on mutual funds if you want recommendations of specific funds, both index and actively managed . It saves your data. These retirement planning tools no doubt can help you to strategize to achieve the financial goals you want in retirement but your real hurdle is - will you do as strategized and planned? Fidelity 401k - Is Fidelity The Best Company For Your Needs? So you want a Fidelity 401k to help you reach retirement goals? Today, the Fidelity 401k the most common kind of 401k plan used in the market. Many people are turning to Fidelity to help reach their retirement goals. Unfortunately, many people do not reach their retirement goals because they simply do not have a plan for what they want to accomplish in the first place. For example, many people know they want to live a certain lifestyle when they retire, but this is not a specific goal. In order to reach your target goals, it has to be some immeasurable and specific. For example, instead of knowing you want to be rich when you're retired, you might have a goal buying a beach house in Italy, traveling the world, taking up the specific hobbies is golf, etc. Your golden years should be a time when you can relax, kick back, and enjoy things like that you didn't get to when you work. A Fidelity 401k can help you reach that goal. First of all, Fidelity has been in business for a long time, and it has helped many people reach their retirement goals. It certainly is a very experienced company, and will work for you and your mutual fund investing. However, how do you know if Fidelity is the personal finance company for you? Simply look at the track record. Quite simply, Fidelity offers a wide range of mutual funds, ranging from relatively conservative to more aggressive. Depending on what kind of investor you are, you can make your investment decisions accordingly. Obviously, more aggressive regional funds will tend to have bigger ups and downs in a more conservative one, but also will possess much larger growth potential especially in the long run. If you are looking to invest money for the short term, then a more conservative mutual fund would probably be best for you. However, if you plan investing for retirement (hence retirement planning), a more aggressive mutual fund will be right for you. No matter which you invest in, absolutely make sure that retirement fund has exhibited a long and profitable history before getting involved with it. Past history is a good indication of future performance. Nothing substitutes taking control of your finances and spotting investment opportunities on your own. However, if you don't have the time or the desire to do this, the Fidelity 401k might be a good option for you. Please make sure to subscribe to our YouTube channel for the most updated videos. Thanks for watching! Fidelity retirement income plan Fidelity retirement income planning review 401k rollover for fidelity retirement Best fidelity ira retirement planning strategies Fidelity retirement income plan reviews https://www.youtube.com/watch?v=4iHnPfcQWl4
Views: 4437 retiresharp
Self Employed Retirement Plans - Best Self Employed Retirement Plans
What are self employed retirement plans – What is a self employed retirement plan? 1-800-566-1002 http://www.RetireSharp.com. What are the best types of self employed retirement plans and learn how you can avoid the most common mistakes that individuals have made when looking to set up a self employed retirement plan. Benefits You Can Avail From Self Employed Retirement Plans Over the past few years, many companies all over the world have shed millions of jobs, affecting the economy. Others opted for self employment since the competition for landing a job has become tougher. In addition to that, self employed retirement plans has also started to become a trend for many individuals. One of the benefits of self employment is that you are your own boss and there are no subordinates to pull you down. You earn exactly what you worked for without the hassle of being under someone else. One of the most common self employed retirement plans include solo 401k plans. It is the newest among the most commonly used retirement funds. If you are under the age of 50, the contribution limit is $16,500 and $22,000 for those aged 50 or over. The tax benefits are better compared to SEP because the contributions that you will make are not restricted to a certain percentage of your pay. Another great deal with 401(k) plans is that you can contribute 20% of your earnings as an additional contribution. Another option for retirement funds is the simple IRA retirement plan. IRA stands for individual retirement account. $5,000 is the maximum contribution for those aged under 50, and $6,000 for those aged 50 and over. It is best that neither you nor your spouse (if you have one) is covered by another retirement fund such as 401(k) to avoid limitations in tax deductions and other conflicting issues. SEP IRA plans or simplified employee pension IRA is an upgraded version of the simple IRA, where you can contribute from 20 percent of your net earnings up to a maximum of $49,000. Nowadays, the SEP IRA is the most common type of retirement plan being used by self employed individuals. This type of plan does not require a mandatory contribution. For one year, you may choose to contribute the full amount or half or any desired amount for the succeeding year. One of the benefits of using the SEP IRA is that it is very easy to create an account and maintain it. The deadline for funding your account is the same as the deadline for filing your income tax returns which makes it convenient for all users. A disadvantage for this though is that loans are not permitted. With the Roth IRA retirement plan, there is no income tax deduction and the growth of your investment is tax free. It is the exact opposite of a traditional IRA plan where contributions have an income tax deduction and the money you take out in retirement is taxed. Other self employed retirement plans that are more expensive and difficult to maintain include the Defined benefit plan. The annual funding requirements are very rigid even though loans are permitted in this type of retirement fund. The annual contributions for this type of account can reach up to $100,000 or more, depending on the age and the average income of the owner. For more information about the various retirement plans for self employed individuals, there are many websites that let you use free retirement planning tools to get you started. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: self employed retirement plans annuities Self employed retirement plans for income Self employed retirement plans explained Self employed retirement plan reviews Self employed retirement plans review What is the best fixed indexed annuity for self employed retirement plans vs the best tax free income self employed retirement plan https://www.youtube.com/watch?v=URjGZoGKSwY
Views: 4469 retiresharp
Super Retirement Planning By Ritesh Lic Advisor in Hindi
Super Retirement Planning is a very good combination Plan for Retirement Planning. this is the plan of combination of Lic's Policies. The Life Insurance Corporation of India is Know by the name of Lic and some people also call the life Insurance corporation of india as Lic of India. The Hindi Meaning of Life Insurance Corporation of India is Bhartiy Jeevan Bima nigam. All the videos uploaded to our YouTube channel Ritesh Lic Advisor provide you detailed information about the plans of the Life Insurance Corporation of India in simple Hindi language. On our channel you will get various types of information about Lic of India. As Like- You can get unlimited Gyan through our video to invest in the Life Insurance Corporation of India. All types of motivational video are loaded for LIC agents. Here also you will find information on LIC's agents how to make your business successful. If you are the customer of Life Insurance Corporation India And you have already made a policy of LIC So many types of information related to your policy service are available on our channel.How can you take online and offline LIC services For customers of Bhartiy Jeevan Bima Nigam, our channel Ritesh Lic Advisor is useful as Like LIC Customer Care. You can say this channel's videos gyan tube for Lic of india. If you are a customer and you want to talk to us to get the Combination Planning information. First of all, follow the link given below to see the whole video carefully. Call only after following the rules stated in the video. https://youtu.be/j61LbAZxFiQ If you are a Agent and you want to talk to us to get the Combination Planning information. First of all, follow the link given below to see the whole video carefully. Call only after following the rules stated in the video. https://youtu.be/oTBfVW_ZNJc Some Usefull video for you. High Cover Plan Why Life Insurance is important https://youtu.be/qVP_pmx78io What is LIC and why do Bima insure from LIC https://youtu.be/6FMDMsVRUsg एक कप चाय मेरे साथ https://youtu.be/i0z0NR8k8a8 Life Mitra https://youtu.be/xUpg5miKC_A Jeevan Aasan https://youtu.be/PMgPORtOu5E Retirement Planning Importance of Retirement Planning (Need Genration Video) https://youtu.be/mJw2rzLvwJY Yuva Pension Yojna https://youtu.be/3ElyilzZcew Future Bahar https://youtu.be/IcgNX4guuqs Jeevan Surakshit https://youtu.be/f-WgKszbnok Jeevan Akshay Plus https://youtu.be/ov16J-jMiYk Super Retirement Planning https://youtu.be/5co3h1EsNZA Tarang Hi Tarang https://youtu.be/DSwtevUy-n4 Jeevan Ka Sathi https://youtu.be/fDyLA59qI4Q Jeevan Kalash Yojana (युवाओ के लिए बेहतरीन कॉम्बो प्लानिंग Lic से) https://youtu.be/-ws12bxPrVg Jeevan Kalash Yojna (बेस्ट रिटायरमेंट प्लानिंग फॉर हायर ऐज) https://youtu.be/xFglK8R3rgs Planning For Children Education & Marriage Why life insurance is important for children https://youtu.be/HbKTcYZDjJk When and how to plan for children https://youtu.be/u3cJrDOoyAo बिटिया के विवाह के लिए बचत कैसे और कहाँ करे https://youtu.be/P_WSiu_s19w Bright Education Planning https://youtu.be/Jqj3GWLSgNY New Child Future Plan https://youtu.be/Pv42VcRMvWg Jeevan Vidya Plan https://youtu.be/FA6iCl9FUps Kavach Kundal Yojna https://youtu.be/tpDnTs7ITcQ Bitiya Ka Vivah https://youtu.be/9czSrQ6_K6E Jeevan Kalash Yojna || Best Planning for Child https://youtu.be/bufzNaQ3Skg Smart Education Planning https://youtu.be/NDwUeggyf-k Secure Child Education Planning https://youtu.be/q97k0vwnUd0 Best Professional Education Planing for child https://youtu.be/JDkix6ofUkU Best Planning Best Single Premium Plan https://youtu.be/4JHVQ_JSMhA Super Money Back Plan https://youtu.be/SlosS5KxlVA Lic New Jeevan Sathi https://youtu.be/CcOf8Cwetrk Planning For 1,2 ka 6 https://youtu.be/fqEeKWRbiZs Property Planning From Lic of India https://youtu.be/Dn3GYd2Bg-8 आजीवन धन वर्षा योजना (Best Life Insurance Plan) https://youtu.be/Rsz-L3Xa36Y
Views: 92961 Ritesh Lic Advisor
American Funds Retirement - Best American Funds Retirement Planning Review
American Funds Retirement – Top American Funds Retirement Planning Reviews 1-800-566-1002 http://www.RetireSharp.com . American funds retirement plans mainly consist of 401k, 403b, and IRA accounts. Understand the risks involved with these type of account and learn the strategies on how to leverage your existing American funds retirement plan to produce a stress-free retirement. Avoid the most common mistakes and become educated now! American Funds Retirement Center - Is It the Best Plan for You? Of all the plans that are available in the market today I think the most popular is the 401(k) plan. This is because of its popularity and its flexibility when it comes to retirement plans. Not just that but also because of the way Americans handles their clients and most especially the funds that are in. When it comes to funds the most popular there is especially when you are on the American soil is the American Funds. This group offers a great type of funding that is well suited to all family types around. American Funds are known also because of its style and its excellent funds that have been proven by some throughout the years. Shortly speaking they have what it takes for you to become what you want in the future. The main reason why they become as one of the trusted companies in the U.S. is because of their specialized management or research group that aims to deliver the best services they can offer to their clients. American Funds-The Secret Sauce For 401(k) Plans? Many registered reps selling 401(k) plans in the small to mid-sized market would have you believe this. To be clear, I have enormous respect and admiration for American Funds as a fund family. They offer a number of excellent funds. They have a deep management/research group. I use several of their funds in 401(k) plan line-ups and in the accounts of some of my individual clients (no-load share classes). Contrary to what these registered reps may tell you, an all American Funds lineup is not, in my opinion, a complete 401(k) solution. As a plan sponsor, if your advisor suggests going with an all American Funds line-up for your company's 401(k) plan, you should ask many questions. In the commissioned world, the American Funds represent one of the best fund families many of these reps can sell. As with other top-notch fund families such as T. Rowe Price and Vanguard, using a line-up consisting exclusively of any fund family is usually not a good idea and generally does not provide the best 401(k) line-up. This approach may be in your broker's best interests, but as a 401(k) plan sponsor you need to do what is in the best interests of the participants in your company's retirement plan. When you happened to be a plan sponsor and your advisor suggests you to have an American Funds line-up plan especially when it is a 401 (k) plan then asking questions or further clarification and advises may be an advantage. From this you will be saving your effort and your time from wasting to another form of retirement planning. It is not always good for you to have all of your line-ups in only a single provider. You have the freedom to choose depending on your comfort therefore choose what fits you right in. Please make sure to subscribe to our YouTube channel for the most updated videos. Thanks for watching! Related search terms: American funds retirement reviews American funds safe retirement American funds 401k retirement American funds retirement rollover Best American funds retirement plans https://www.youtube.com/watch?v=53fuGCzCafs
Views: 6159 retiresharp
IndiaFirst Guaranteed Retirement Plan
IndiaFirst Guaranteed Retirement Plan is a guaranteed financial protection plan for your second innings. It offers you the option to earn guaranteed returns for the initial years in the plan and an opportunity to further build your retirement corpus through bonus, thereon.
Views: 3177 IndiaFirst Life
401k for Dummies - What is a 4o1k?
What is a 401k for dummies Are 4o1k plan really any good? 1-800-566-1002 http://www.RetireSharp.com. 4o1k plans are the most used types of retirement accounts. Understand the basics of a 401k plan for dummies and avoid the most common mistakes that individuals make when setting up their accounts. 401k Retirement Plan for dummies A 401k is a type of employer-sponsored retirement plan. It is a way for employees to save for their retirement by having a certain percentage of their paycheck withheld by their employer and deposited into the company's plan. Employers can choose to match the employee's contributions and thereby share the profits of the company with their employees. The plan is usually operated through an investment firm. How does a 401k work for dummies? Your employer withholds a certain amount of your paycheck and deposits that money, along with any matching contributions, into your 4o1k account. The money in the plan is invested in various financial instruments, such as mutual funds. The money stays in the account until you reach a certain age when it is legal to withdraw the money, or until you meet any of the several exceptions to the age rule. Since the money will be in the account over a period of years, this causes the account to earn money through compounding, so your account grows not only through your regular contributions made from your paycheck but also by earning interest or dividends. How do I make contributions to a 401k for dummies? You make a contributions through your employer. If you decide to participate in the plan, you will determine what percentage of your paycheck that you want to be deposited in your account, and your employer will withhold that amount from each paycheck you receive. The employer then deposits the withheld money into your account, along with any matching contributions, so contributions are made to your account each pay period. When can I withdraw my money from a 4o1k? You can withdraw your money at any time. However, if your withdrawal is an early distribution, you will have to pay an extra tax on the withdrawal.3 What is an early distribution? An early distribution is any money taken out of your 401k before reaching age 59 ½. Early distributions are subject to a 10% tax penalty in addition to regular income taxes, so if you withdraw $5,000 when you are 45, you will have to pay $500 as a tax penalty. However, as discussed in the following question, there are some exceptions that allow you to withdraw money before age 59 ½ without owing the 10% penalty.4 If you leave the company, you can choose to leave your 401k as it is, or roll it over into a Traditional IRA. If I quit my job where I was participating in a 401k for dummies plan, what happens? The money you contributed to the 401k is always yours, regardless of how long you have worked for the employer. Generally, an employer requires that you work a certain number of years before you are vested, which simply means that you are legally entitled to the employer's matching contributions. Therefore, depending on your employer's rules, you may or may not be able to keep the employer's matching contributions. Please make sure to subscribe to our YouTube channel for the most updated videos. Thanks for watching! Related search terms: What is a 4o1k plan? 401k plan for dummies 4o1k for dummies 401k definition for dummies Best 401k for dummies Are 4o1k plans any good? https://www.youtube.com/watch?v=fKbJdPn2Fi0
Views: 88123 retiresharp
Non Qualified Retirement Plan Basics
Nonqualified benefit plans can be excellent tools for employee retention and creative compensation structures. Learn more about these plan types and how they can complement your qualified plan business to better serve your clients.
7 Core Elements of Retirement Planning
****Download your Free copy the 7 Core Elements of Retirement Planning Guide Here; http://moneyevolution.com/7-core-elements-retirement-planning-guide/ Are you planning to retire in the next 5 years and want to feel more confident that you will be able to live the retirement lifestyle that you want? Your retirement lifestyle will be based on how well you optimize what I call the 7 Core Elements of Retirement Planning. On my new free video I will breakdown each of the 7 core elements and show you... ****How saving money for retirement in the wrong account could cost you unnecessary taxes. ****The key factors you need to consider when deciding when to begin collecting Social Security, and how to coordinate your benefits with your spouse. ****Why healthcare costs may be one of the most overlooked or underestimated retirement expense, and, how to plan for healthcare expenses before and after Medicare. ****Easy to follow worksheets to help you estimate how much your retirement could actually cost, and, how to determine how close you may be to reaching your dream retirement. Plus, as a bonus you can also download my latest guide with worksheets and more detailed discussion on each of the 7 core elements.
Views: 5449 Money Evolution
Suze's Favorite Retirement Plans | Suze Orman
What are Suze's favorite retirement accounts?Suze dishes on best retirement plan options for you. » SUBSCRIBE to Suze Orman's YouTube Channel: http://www.youtube.com/c/suzeorman?sub_confirmation=1 - Visit Suze Orman's Website: http://www.suzeorman.com » WATCH the latest from Suze: https://www.youtube.com/suzeorman ABOUT: Suze has been called “a force in the world of personal finance” and a “one-woman financial advice powerhouse” by USA Today. A two-time Emmy Award-winning television host, New York Times mega bestselling author, magazine and online columnist, writer/producer, and one of the top motivational speakers in the world today, Orman is undeniably America’s most recognized expert on personal finance.. Subscribe to Suze's channel for exclusive footage, new videos and more! Connect with Suze Online! Visit Suze Orman's Website: http://www.suzeorman.com Find Suze Orman on Facebook: https://www.facebook.com/suzeorman Follow Suze Orman on Twitter: https://twitter.com/suzeormanshow Suze's favorite retirement plans | Suze Orman