When was the last time you left a job? When you said goodbye to your colleagues and boss, did you also bid adieu to a retirement account? Perhaps you had the best of intentions to circle back to it “later,” or maybe you planned to roll it over whenever you settled into your new role, […]
Category: Personal Finance
How $200 Per Month Could Make You a Stock Market Millionaire
Though the stock market can be intimidating at times, it’s one of the best ways to generate wealth. In fact, even if you can only afford to invest a little cash each month, it’s possible to accumulate hundreds of thousands of dollars or more. Becoming a stock market millionaire isn’t always easy, but it’s not […]
Midstate investor urges calm with retirement savings
MECHANICSBURG, Pa. (WHTM) — There’s been good news and bad news on the economy this week but there’s some reason for hope. Wednesday’s retail sales report showed a 3.8% jump in January almost twice as much as analysts predicted. But inflation remains high, and the stock market has been volatile, raising concerns about retirement accounts. […]
What to Write in a Retirement Card
When a co-worker, friend or relative steps away from work, it’s often meaningful for them to receive retirement cards. “Retirement is a bittersweet event in anyone’s life,” says Emilie Dulles, founder of Dulles Designs, which prints custom stationery and invitations. “Writing a card to express your congratulations is akin to drafting a ‘thank you’ note.” […]
Inflation Is Making Older Americans Scared They’ll Run out of Money in Retirement
Current sky-high inflation rates have older Americans afraid their money won’t last as long as their retirement. Just over a third (36%) of people between the ages of 60 and 75 say they have less money than they thought they would at this point in their lives, and 29% believe they will outlive their retirement […]
Retiring Early? A New IRS Rule Could Mean More Money in Your Pocket
Those younger than 59½ can now withdraw more from IRAs, 401(k)s or other qualified retirement accounts without a 10% early withdrawal penalty. It’s all because the IRS changed how to calculate Substantially Equal Periodic Payments. But beware of the risks. The Great Resignation is translating into a flood of early retirements. When the decision to […]
3 Social Security Strategies for Married Couples Retiring Early
Early retirement is a goal many married couples work toward together. If you and your partner are on the cusp of an early workforce exit, it’s an exciting milestone to celebrate. At the same time, it’s important that you and your spouse put your heads together to come up with the best plan for claiming Social […]
Will 2022 be the year you pay off your debt? Here’s how to make it happen.
Becoming debt free is a dream for many. And it’s a dream you may be able to make come true in 2022 – depending on the amount of consumer debt (debt you owe from purchasing goods) you have and your plans for repayment. So, will 2022 be the year you say goodbye to your consumer […]
How to qualify for some of the lowest interest rates on a personal loan
Personal loans are a convenient way to borrow small or large amounts of money. They can be used to cover a variety of expenses — like a wedding, funeral, vacation, surprise medical bill, home repair and more. And the money is typically disbursed straight into your bank account in as little as one day, so […]
Love where you live: Federal Way retirement home is anything but retiring
There is so much more to retirement living than meets the eye! How we think about seniors and senior living has undergone something of a revolution in past years — and some of that is down to a generation of go-getters who are anything but retiring. At GenCare Lifestyle Federal Way, the emphasis is on […]
5 Simple Habits That Will Help You Save for Retirement
Saving for retirement can be a struggle. You might have many years left in your career, and it can seem almost impossible to save the necessary hundreds of thousands or even a million dollars. While a million dollars is still a lot of money, there are some simple habits you can start today that will […]
This is the biggest mistake people make when trying to break the debt cycle
Paying down debt is easier said than done. Some people may only be able to pay the minimum required amount each month — this means they’re barely making a dent in their balance and it continues to accrue interest, which makes it even harder to completely pay off the debt. For others, though, they might make […]