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Erin Abrigo
Retirement Lifestyles

When you start out in your career, you’re probably not thinking much about retirement. At this point, your picture of a “retirement lifestyle” may be, at best, hazy, hidden as it is behind a veil of experiences you’ve yet to encounter. But as you move through the years, your view of retirement comes into clearer and closer focus — and this vision will have a big impact on your savings and investment strategies.

Consequently, to create and implement those strategies effectively, you’ll need to define your retirement vision by identifying its various parts. Here are some to consider read more »

 
Financial

Not everyone gets one, but it’s always a welcome sight — a tax refund. If you receive a refund this year, how can you best put it to work?

The answer depends, to a large extent, on the size of your refund. In 2012, the average tax refund was about $3,000, according to the IRS. Let’s look at a few possibilities for how you might use this amount:

Help fund your IRA — In 2013, you can now put in up to $5,500 per year (up from $5,000 in 2012) to a traditional or Roth IRA. And if you’re 50 or older, you can put in an additional $1,000 per year above the new contribution limit. Consequently, your $3,000 refund could cover more than half of your maximum IRA contributions, or slightly less than half if you’re 50 or older. read more »

 
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