No you can’t! The reality is if you start at forty and plan to retire at age 67 you have only 27 years of saving and investing.
A Spousal IRA is an IRA funded for a spouse with little or no income by a working spouse with income.
No one has ever been guilty of saving too much money for retirement!
There are several ways to leverage this year’s refund and to get started on saving, no matter what your child’s age.
The best way to beat taxes is by investing in your retirement plan.
At 59½ you can finally get at those dollars you have been stashing away for years in your retirement plans without paying a 10% penalty.
Listeners tell me they’re not worried, they’ll have their Social Security, but Social Security was never intended to be your only source of income in retirement.
Sixty percent of employers offer some sort of retirement plan but only about fifty percent of employees take advantage of the plans offered.
Waiting to start to save until you are 40 is a big financial mistake.
The spousal IRA is an IRA funded for a spouse with little or no income by a working spouse with income.