Find my 401K

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A few definitions before you read today’s blog topic: What is a 401K A 401(k) is an employer-sponsored retirement savings option that allows you to contribute money from your paycheck into an investment account. Contributions to a traditional 401(k) are made pre-tax, which can lower your taxable income.  What is an IRA An individual retirement account (IRA) is a tax-advantaged savings account designed to help individuals save for retirement. Those with earned income (and their non-wage-earning spouses) are generally able to contribute to an IRA.  ————— I’m sharing two stories to showcase a common mistake that happens when you are leaving the workforce. It involvesRead More →

Jewelry Box Cruise

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Receiving an advertisement for a gold and silver buyback event at a local hotel seemed like a scam at first, but the more I looked at the ad and thought about my hidden jewelry box, the more I realized that this was probably a cool idea. At least it’s something to do that does not involve eating, drinking or playing pickleball (the usual activities for the newly retired.) All I had to do was to find my jewelry box and give it a thorough investigative search. A cruise is hiding in there somewhere. So I called my friend and mentioned that maybe we could gather ourRead More →

walk away, take a break and relax

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Why is our society so hyper focused on being over productive? Late night hours, working weekends, constantly checking in – these habits are not good for your health. Just walk away, turn down requests and relax for a better retirement. Ego (Flattery) Gets in Our Way If you are not far from your regular work life, the pull back might be strong. You might be asked to “help out” and take a consultant role to help a new hire that has replaced you. The company might want you to continue on a certain project where only you can solve the issues! You are needed! TheyRead More →