Among a series of major decisions anyone should make in the decade leading up to retirement is what can be done about any outstanding debt that could threaten the stability of fixed income and investment sources. One potential path through the debt navigation process could be a reverse mortgage, according to a new column published […]
2021 was a bumper year for markets. Bourses scaled new highs and added to investors’ wealth. However, just as the year was about to end, the new variant of the novel coronavirus, Omicron, spooked investors, and markets saw a major correction. The Sensex and the Nifty declined, leaving investors worried. Things have started on a […]
After years of hard work, many professionals look forward to retirement. While careful planning can leave retirees with a handsome sum when that time comes, it may not be enough to cover their standard of living. The average retired household spends roughly $46,000 a year, while Social Security and pension income provide $24,000 annually on […]
Investing enough for retirement is a challenge. Unfortunately some people end up making it harder by making a costly error. It’s helpful to understand the risks of this common mistake so you can avoid it if possible. By doing so, you’ll maximize the chances of ending up with the funds you need to enjoy your […]
A lot of people have resolved to invest more in 2022. If you’re one of them, that’s a great goal to aim for. And these tips could help you make the most of that effort. 1. Don’t fear a stock market crash — prepare for one There were rumors flying around that stocks would tank […]
For one thing, it could protect you in the face of unplanned bills or a job loss. In fact, as a general rule, it’s a good idea to have enough money in the bank to cover three to six months’ worth of essential living expenses. That sum could get you through a layoff, or it […]
With 2022 underway, you might be feeling the pressure to create a New Year’s resolution: Maybe you ate out too frequently last year and you’re still behind on paying off your credit card bills. For many, a new calendar year might be the time to save more, reevaluate spending habits and cut down on excessive […]
It’s January, and that usually means you’re motivated to make big life improvements. If one of those improvements involves your finances, 2022 could be the year you start investing. Investing is the simplest way to build wealth and fund your retirement — but it’s not something everyone should be doing. Investing can be counterproductive if other areas of […]
The new year is a clean slate following the indulgence of the holiday season. It’s easy to lose sight of your goals in the holiday spirit — whether by eating that extra slice of pecan pie, drinking one too many glasses of egg nog or spending too much money on the perfect gift. While the dieting and […]
People who are very knowledgeable about the stock market often manage to build solid portfolios that reward them over time with strong returns. But beating the market isn’t your only path toward a millionaire retirement. Even if you know very little about investing and aren’t comfortable handpicking stocks for your long-term portfolio, there’s a simple […]
Life expectancy is longer today. Interest rates are low, and inflation is creeping back up. Taxes will likely increase in the next few years. Will the stock market continue its steady climb? You can hope, but who knows? Volatility could be part of that long-term equation. All of these factors create financial uncertainty in the […]
There’s plenty of useful information about retirement to be had online and from financial pundits. The problem: As these outlets are meant to reach a broad audience, they may not always apply to your specific financial situation. Retirement planning is a perfect example. There are plenty of top 10 lists or suggestions on things you […]
