Retirement

What Is A NonQualified Retirement Plan?

When we think of retirement plans, most of us think of retirement accounts, like 401(k)s. These are types of qualified retirement plans. However, to draw in and keep important employees and senior officials, employers may offer nonqualified retirement plans intended for executives that earn more. Nonqualified plans don’t obey ERISA (Employee Retirement Income Security Act) …

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Average Retirement Savings: Are You Normal?

The 80 percent guideline of retirement preparation, according to some experts, is that you should prepare to survive on 80% of your income before retirement. Your needs can necessitate different preparation depending on your own goals, such as retiring early, purchasing a second property, establishing a contingency fund for your heirs, or addressing health issues.  …

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How To Retire At 50

Everyone retires at a different age, but on average, Americans tend to retire around 63. However, this age might seem too late for some people. Many dream of retiring at 50, but is this possible? Some people’s main financial goal is retiring early. They aim to work as hard as they can, sacrificing some lifestyle …

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