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SO YOU WANT TO RETIRE? WILL YOU HAVE THE MONEY?

By Nancy Dahlberg – Miami Herald.

Retirement crunch time. That’s when you are a few years away from retirement and haven’t saved as much as you planned.  How can you best use your remaining time to catch up, asks Nancy Dahlberg for the Miami Herald? We shared some expert insights that really work. You can take advantage of higher limits on 401(k)s and IRAs after age 50, and if you are self-employed and part of the growing Gig economy, you can set up your own retirement plan like a solo 401(k), we advised. “This is a plan you can set up for free at any brokerage firm. It’s fantastic for people 50 or over trying to play ‘catch up’ because it provides an amazing boost to your retirement nest egg and up to a $61,000 tax deduction,” said Mari Adam, CFP®, AFA Founder. (Read the full article here)

24 Mar, 18