January in Review
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February 4th, 2013 at 4:51 pm by Ally
This month, Ally Bank’s Straight Talk blog brought you financial news from all over the world, including 2013 tax changes forged in the halls of Congress and investment lessons borne from the mistakes of English aristocracy. Highlights from January: What You Need to Know About the Fiscal Cliff Deal: America started 2013 by avoiding the… read more
4 Tips for Starting a Business During Your Retirement Years
Posted in Around the Web,Community,RetirementOctober 11th, 2012 at 10:34 am by Ally
Starting a business during your retirement years can be a productive way to spend your extra time while rounding out your savings. It’s also fun. In fact, 54 percent of working Americans plan to work during retirement simply for the enjoyment of it, says Fox Business. If you’re thinking about starting a new business during… read more
IRAs: What’s Your Required Minimum Distribution?
Posted in Community,Products,RetirementAugust 20th, 2012 at 12:00 pm by Ally
IRAs can be helpful tools in saving for retirement. But like any account, an IRA comes with rules and restrictions that you should know before you open one. One of the most important IRA-related rules is the required minimum distribution on traditional IRAs. The required minimum distribution (or RMD) must be taken by April 1… read more
How to Prepare for Your Retirement Health Care Needs
Posted in RetirementJuly 24th, 2012 at 10:07 am by Ally
Think you’re putting away enough money to cover all of your retirement needs? What about when it comes to covering your health care? A 65-year-old couple retiring in 2012 would need roughly $240,000 to cover all of their health care needs during retirement – a 4 percent jump from last year’s estimate of $230,000 –… read more
Retirement Saving Tips For Women
Posted in CommunityJuly 2nd, 2012 at 1:54 pm by Ally
Is there a gender gap when it comes to saving for retirement? According to MSN Money’s Liz Weston, there definitely is. In a recent story, Weston takes a hard look at evidence that women are entering retirement with substantially less saved than their male counterparts. The median retirement savings for men was $33,547 in 2010,… read more
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