Money Matters

Financial Planner Dee Lee and WBZ NewsRadio’s Business Editor Jeff Brown provide listeners with tips on successful financial planning. Click here to sign up for the weekly Money Matters Newsletter.

Snowbirds, RVing, RVs

Retirement Myth #5: And We’ll Live Happily Ever After In Retirement

The reality is that is a line from a fairy tale! Too many things can go wrong with your planning.

WBZ NewsRadio 1030–05/27/2016

Workers sit perched atop the ramp, with the Prudential Tower in the background. (Photo courtesy of Boston Red Sox/@Fenway Park)

Retirement Myth #4: I Plan To Work Forever

The reality is that may not be possible for a variety of reasons.

WBZ NewsRadio 1030–05/26/2016

Social Security, Checks, Retirement

Retirement Myth #3: Social Security Will Be Enough

The reality is Social Security was designed to replace only about 40% of your current paycheck and less if you are a high wage earner.

WBZ NewsRadio 1030–05/25/2016

Couple, Walking, Parents

Retirement Myth #2: Mom And Dad Are Leaving Me Their Money

The reality is there may not be much money left to inherit.

WBZ NewsRadio 1030–05/24/2016

(WBZ-TV photo)

Retirement Myth #1: I Can Wait Until I’m Earning More Money To Save For Retirement

The reality is if you start later in your working career you will need to save more money than if you had started younger.

WBZ NewsRadio 1030–05/23/2016

Banks, 100 Dollar Bills, Cash, generic, withdrawal, Counting Money

All About Getting At Your IRA Money

It is your money in that IRA, and you can get at it, but you may have to pay a penalty to get at it.

WBZ NewsRadio 1030–05/20/2016

Taxes Checklist

All About Roth IRAs

With a Roth IRA, you use after-tax dollars to make your contribution and when you withdraw the funds in retirement you will not owe income tax.

WBZ NewsRadio 1030–05/19/2016

Photo Credit Thinkstock

All About Spousal IRAs

A Spousal IRA is used for an unemployed or underemployed spouse with little or no income.

WBZ NewsRadio 1030–05/18/2016

(Photo by Chip Somodevilla/Getty Images)

All About Rollover IRAs

A Rollover IRA allows you to receive distributions from qualified retirement plans such as your 401(k), 403(b), 457.

WBZ NewsRadio 1030–05/17/2016

401K, Retirement Plans

All About Traditional IRAs

IRAs were introduced in 1974 and were designed to help individuals not covered by retirement plans at work and to give individuals changing jobs the ability to rollover retirement assets and retain the tax deferred status.

WBZ NewsRadio 1030–05/16/2016

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