Planning for Retirement During Each Stage of Life
- June 14, 2017
- By: Greenpath Financial Wellness
- Category: Financial Health Tips, GreenPath University, Retirement
Those of us planning for retirement face a very different set of circumstances than we did a couple of decades ago. Pensions are often less generous, if they exist at all, young people are saddled with more debt, and the future of Social Security may not be guaranteed.So what can you do to ensure you are set up financially...
Social Security
- May 31, 2017
- By: Greenpath Financial Wellness
- Category: GreenPath University, Retirement
Social Security benefits are part of the retirement plan of almost every American worker. When pay Social Security taxes, you earn benefit “credits.”
Individual Retirement Accounts (IRAs)
- April 8, 2017
- By: Greenpath Financial Wellness
- Category: GreenPath University, Retirement
An individual retirement account or IRA is an investment account that enables individuals to save for retirement. There are two types of IRAs.
Pros and Cons of 401k Loans
- March 20, 2017
- By: Greenpath Financial Wellness
- Category: GreenPath University, Loans, Retirement
If you are in need of cash, you may consider taking out a 401(k) loan. With a 401k loan, you are basically lending money to yourself.You can typically take out up to 50 percent of your retirement funds or $50,000, whichever is less. Your employer sets the terms of a 401(k) loan, which must be repaid within five years...
How Much to Save for Retirement
- February 7, 2017
- By: Greenpath Financial Wellness
- Category: GreenPath University, Retirement, Saving
Saving and investing for retirement doesn’t have to be complicated. There are plenty of reputable financial advisors out there to assist you along the way.
401k and 403b Retirement Plans
- January 12, 2017
- By: Greenpath Financial Wellness
- Category: GreenPath University, Retirement, Saving
401k and 403b retirement plans are employer-sponsored and allow employees to deduct money from their paychecks and deposit it in a retirement account.
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