Read More at Planning your retirement There are numerous options when it comes to options to set up retirement savings in the US. Individual retirement accounts or IRAs are a popular choice for people seeking to invest as they offer a lot of flexibility. They can be a bit tough to figure out though, so we’re going to give a straightforward explanation of all the options and their upsides. Table of Contents What is an individual retirement account (IRA) What advantages do these retirement options offer: What are the different IRA types you can choose Where should I open an IRA How to open a Traditional IRA or Roth IRA Funding the account Rolling over a 401(k) The Bottom Line What is an individual retirement account (IRA) An IRA (individual retirement account) is a private, tax-deferred account that the IRS…
An Open Letter to My Grandchildren: 10 Things I Want Them to Know
Read More at Sixty and Me Our five-year-old grandson recently asked my husband and me, “Will we always be together?” I was stunned that such a small child would ask such a profound question. I’m not sure that he understood the depth of the question, until I realized that it was one of those stream of consciousness thoughts sandwiched in between, “How much longer before the movie starts” and “Does anyone have a snack because I’m hungry.” But it did get me thinking. We will not always be together. Our grandkids are young, and they have their whole lives ahead of them. I, on the other hand, have more days behind me than in front of me. What words of wisdom can I give this younger generation, my grandchildren? What life lessons can I tell them that will make their…