Originally published on Marketwatch.com’s website http://www.marketwatch.com/story/retirement-planning-considerations-for-women-2015-02-02?link=mw_home_kiosk Young people entering the workforce need to educate themselves about the retirement-planning process. Women in the early stages of their retirement planning should be aware that they will face some different challenges than their male coworkers. One of the key differences is life expectancy. On average, women live longer than men do. Girl babies born today will live almost 81 years, while boys are …Read More
Tag Archives: individual retirement account
Should you make nondeductible IRA contributions?
Before you make a nondeductible contribution to your IRA account, be sure you understand how they work. If you have access to an employer sponsored retirement plan or if your income is above certain levels, you may not be eligible to make a tax deductible IRA contribution, but you could make a nondeductible contribution. The advantage to making a nondeductible IRA contribution is the tax deferred growth. Tax deferred growth …Read More
