Americans are increasingly become aware and responsible for their retirement wealth. Many of us are know that the prospect of living with social security income and a employer pension plan is reduced dramatically and not attractive. More and more pensioners and retirees are less put trust on traditional sources of income; saving for retirement and work part time are seen to be more attractive. But the condition for future pensioners and retirees will be getting worsened. Given the desire to build a large nest egg for retirement was the need to build a replacement income. (more…)

Among the variety of retirement plans you can pursue, some qualify for tax deferral by the regulations of the federal government, and others don’t. The federal government passed the Employee Retirement Income Security Act (ERISA) regulation in 1974. This legislation and its requirements determine whether a retirement plan offered by employers or an employee organization (such as a union) qualifies for tax deferral of investment and interest until retirement age. (more…)

Facts - women live longer than men, a woman can expect to spend the last 10 years of her life alone, women divorced after 50 will not remarry, second marriages fail 60% of the time, women may take 10 years to regain her predivorce financial status, women care for their children but they will also be the caretakers for their parents, by 2010 it is estimated that women will control the majority of the wealth in the US. So no matter who makes the financial decisions for your family now - all women should prepare to be their own financial planners, wealth managers and decision makers towards the end of their lives. (more…)