Contribution Limits 2011 – IRA, 401(k), 403(b)

Not, much breaking news here, but just an informative update. The IRS announced (October 28, 2010) cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2011. 2011 Contribution Limits – IRA, 401(k), 403(b) The contribution limits for 2011 are unchanged from the limits in 2010. 2010 2011 IRA Contribution … [Read more...]

Understanding Your Social Security Statement

Do you wonder how you'll manage your money when you retire? If so, your Social Security statement can be a helpful tool in planning your family's finances. Have a taken a look at it recently? A Bit Of Background Information And History Since 1999, statements have been automatically mailed to all workers over age 25 who haven't yet received benefits. The statement is mailed to you about three … [Read more...]

Rethinking Retirement | Reasons I Spend Less Time (and Money) Saving for Retirement

I used to do a lot to plan for retirement.  But then I wised up. I find that as time passes I’m developing an increasing skepticism about the concept of retirement.  I definitely would say retirement is not the goal of life.  If we live within God’s calling, we should be able to work, play, and learn at all stages. I think Christians should be appropriately educated about the value of … [Read more...]

5 Ways to Retire with Less Investment Risk

In my last post, I talked about what really matters about investment risk. The basic idea was that meeting your retirement planning goals should have a higher priority than staying within your risk tolerance. If you invest in a "safe" portfolio but don't reach your goals, was it really a safe investment? I don't think so. But I also mentioned that there are some options if you don't want to … [Read more...]

5 Steps To Retirement Planning For Young Adults

“Will I have enough for retirement?” is a very difficult question to answer.  Last week I left on a low note by introducing you to the 7 retirement factors you cannot control.  I guess it was probably a little discouraging.  However, I am not advocating you simply throw up your hands and ignore retirement planning.  I am suggesting that the process should be simplified and your time commitment to … [Read more...]

How Much Savings for Retirement is Enough?

When it comes to planning for retirement and saving for retirement every Christian investor should add a simple word to their vocabulary – enough.  The Bible seems to indicate that a Christian who neglects an I-have-enough attitude is considered a hoarder.  The danger of hoarding is that it can direct our attention away from God. 16 And he told them this parable: “The ground of a certain rich man … [Read more...]