From the category archives:

Retirement

Being a Military Veteran and Retiring Abroad

I think one of the largest groups of Americans who decide to retire overseas are military veterans. It makes perfect sense on many levels. Many military veterans have spent considerable parts of their career living abroad, they may speak two or more languages, and have grown accustomed to life overseas, particularly in the developing world. [...]

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How Military Service Affects Your Social Security Benefits

Did you know that your military service may affect your Social Security benefits? This is a little known benefit that affects many current and former military members. It’s important for every member of the armed forces to know how their military service affects their Social Security benefits—regardless of current age. This will help you better [...]

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Is Military Retirement Pay Enough to Retire On?

Military retirees have one of the best pension plans in the US. After only 20 years, military retirees can retire with 50% of their basic pay, full medical coverage, and a slew of other benefits that will stay with them throughout the remainder of their lives. It is not a stretch to say that a [...]

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Choosing Between a Roth IRA and a Traditional IRA

Opening an IRA is a great way to save for retirement because it gives you the opportunity to make tax advantaged contributions which may produce larger gains than investing in an account without similar tax advantages (where are the best Roth IRA rates?). Most people are eligible to open Traditional and Roth IRAs, and depending [...]

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Should I Make an Early Withdrawal from My Retirement Account?

Balancing long term and short term financial goals can be difficult – something always pops up. Whether it’s debt, a major purchase, or an unexpected expense, it can be tempting to dip into your retirement savings for the cash to take care of your new expense. The problem is unless you are at retirement age, [...]

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Is REDUX Retirement Worth it?

I recently received a reader question regarding the CSB / REDUX Retirement System and whether or not it was worth it to take the cash and reduced retirement pay, or stick with the High 3 Retirement System. In almost every situation, the High 3 Retirement System results in a higher monthly pension for military retirees. [...]

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2009 Retirement Plan Contribution Limits

The IRS has made a few changes to federal tax brackets and increased the maximum contribution levels of several retirement plans for 2009. The big changes came to employee sponsored deferral programs such as the Thrift Savings Plan and the 401(k) plan – and similar plans such as the 403b, 457, 401a Plans. Retirement Plan [...]

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