Among the issues you face: how to maximize your income during your remaining work years so you’re better positioned to retire when, where and how you want.Also make use of employer-sponsored retirement plans (especially if you’ll receive matching contributions.

Ttax-advantaged Individual Retirement Accounts (IRAs) also periodically review your retirement portfolio — your mix among stocks, mutual funds, CDs (certificates of deposit), bonds and so on — to be sure it’s well-diversified.For more information about FDIC insurance, go to www.How much money do you have in savings and pensions?

He said to try to pay off most or all of your credit card balances and other loans to save on interest charges and avoid being burdened with repayment during your retirement years.And once you reach age 50, you can also make “catch-up” (extra) contributions to these retirement savings accounts.1-877-ASK-FDIC (1-877-275-3342).

Among the many options are government-guaranteed loan programs for parents and students, and loans from private financial institutions. If you deposit a large amount of money in a bank account, make sure it is fully protected by FDIC insurance.

Social Security and pension income you’d get each month if you “retire early” — any time between 62 and your normal retirement age and how much more you would receive if you hold off on retirement.Among them.

When do you expect to quit working?If you don’t own a house, consider if it makes sense to buy one, especially if you don’t plan to move in two or three years.Another way to save more money now for a more enjoyable retirement later is to cut back on unnecessary expenses.

Especially if you will need to go into debt to pay for them.Managing for today and saving for tomorrow, including a child’s college expenses and your retirement If you’re “living in the middle ages” — you’re 35 to 55 (or thereabouts), the years between young adulthood and senior status — you’ve got a lot to think about when it comes to managing money.Do your homework if you need a loan to pay for a child’s education.

Also be on guard against scams that begin with a “guarantee” or promise of scholarships, grants or fantastic financial aid packages.Because the future is uncertain, it makes sense, while you’re still working, to put as much money as possible — 10 to 20 percent of your annual income, if not more — into savings for your golden years.FDIC.

Changes in FDIC Deposit Insurance Coverage The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2009 $250,000 is covered in FDIC insurance protection.

As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules.Consider asking a financial or tax advisor about the best options, which may include starting or adding to a rainy-day fund for emergency expenses or putting money into your retirement accounts.

Also consider paying off high-interest debt, such as the outstanding balances on your credit cards.So ask questions and fully understand the fees, the interest rate, and when loan payments and interest charges will begin.

Savings Bonds used for educational purposes.Consider speaking with a financial planner or other personal advisor about a recommended investment strategy for your age and stage of life — especially the mix of stocks, bonds, mutual funds and lower-risk alternatives such many families may be able to qualify for a tax break on earnings from certain.

Will you continue to earn some income part-time and save as much as you can for your retirement.Plan a strategy for having a home and a mortgage.Explore tax-preferred ways to save money for a child.Many people receive a large sum of money from an inheritance, a home sale or an insurance payment, and they aren’t sure how to use or protect it.

There often are big differences between government and private loans, though, and private lenders could offer both types.Discuss with a financial advisor how and when to withdraw money from your tax-deferred retirement accounts, such as employer-sponsored retirement plans and traditional IRAs.Savings Bonds and bank deposits.

Try to reduce or eliminate debt.The penalty for starting to collect Social Security payments early can be substantial.How much money you’ll need to set aside for retirement — which for many people could last 30 years or more will depend on a variety of factors.Tax-advantaged savings vehicles, such as Individual Retirement Accounts (IRAs) and 401(k)s, are solid choices.And, what kinds of expenses will you incur for housing and health care

Here are some suggestions for minimizing stress and maximizing results. Develop a plan to stretch your money through a long retirement.Make the most of your remaining paychecks to save for retirement.If you’re seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible.Homeownership can offer tax advantages and a stable place to live, but don’t take on more of a mortgage than you can afford to pay each month.

State-sponsored “529-plan” savings accounts and Coverdell educational savings accounts carry tax advantages and help families and individuals save for higher education expenses.My recommendations to parents and students are to shop around at multiple lenders, read all the fine print, and borrow only what you need for school-related expenses that are not covered by grants, scholarships or other sources.Teenagers are solicited by direct mail for very large student loans that would put a heavy debt burden on them when they graduate from college.

The annual inflation rate of 3.16 percent is higher than the highest CD rates on 60 month certificates of deposit according to the report. I have to tell you this isn’t surprising since the very best CD rates at banks on 1 year certificates of deposit is like 1.00 percent.

The rate of inflation was 2.11 percent in February which is higher than the average CD rates at banks of 2.10 percent for the first time since the fourth quarter of 2008.

U.S. stock prices opened today’s session lower after ADP Employer Service’s tally of jobs growth in April was only 179,000. Economist’s forecast for the survey was higher than the actual number. The median forecast for jobs growth was 198,000.

Another factor sending stock prices lower today was the release the Institute for Supply Management saying its gauge of non-manufacturing companies is at the lowest level in eight months.