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  • What Your 401(k) Can Look Like in the Next 20 Years

    by Peter J. Creedon

    Or consider this example from Peter J. Creedon CFP®, ChFC®, CLU®, chief executive officer of Crystal Brook Advisors, New York, N.Y. “A 25-year-old who invests $5,000 a year with an 8% average annual return for 43 years should have approximately $1.65 million. If you started saving 10 years later and invested $5,000 per year with the same…

  • Entrepreneurs: You’re in the People Business

    by Peter J. Creedon

    by Elainna Ciaramella For many aspiring entrepreneurs, they’re enticed by the idea of being their own boss, by making their own schedules, and by being in control of their financial destinies. They don’t have a clock to punch, nor do they have a boss to answer to. Since they’re going to be in charge, they…

  • Can You Use Your IRA to Buy a House?

    by Peter J. Creedon

    An IRA is a tax-advantaged retirement savings account for individuals…

  • Retirement: What Percentage of Salary to Save?

    by Peter J. Creedon

    The numbers are much worse for those who start late. If you waited until age 45 to start saving, you would need to put aside an unrealistic 27% of your salary for retirement. This would pretty much force you to work until age 70 so you could save a more realistic 10% annually. “Time can…

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