You might expect plenty of things in retirement – spending time with family and friends, traveling, focusing on your health wellness. But you’re also living in fear of unexpected expenses. In fact, roughly half of near-retirees and retirees say that’s the biggest fear they have/had about retirement, according to a recent survey published by Empower. […]
One of our primary goals here at TPG is to demystify the world of credit cards in order to help people travel the way they want without breaking the bank. That often requires overcoming a lifetime of misconceptions about how credit cards work and building good habits moving forward. No matter how easy we make […]
Being retired can offer you the time that you’ve always wanted to travel far more than you could when you were part of the workforce. You spent years (decades) saving up for retirement. After all that hard work, it’s time to enjoy yourself and think about retiring early. And as regular TPG readers know, credit cards […]
Many people put off retirement because they have to. They lack the money needed to stop working. If, however, you can honestly afford the retirement you want, then it might be worth retiring as young as you can. That can mean different things to different people. For example, you may do volunteer work, or enter […]
There is a lot to unpack after watching “Love Is Blind,” the unconventional reality dating show that rose to the top of Netflix’s most-watched list. “Love Is Blind” is a social experiment where single men and women forge romantic connections without ever seeing one another, with the ultimate goal of getting engaged. Each date takes […]
Social Security benefits are a major source of income for many retirees, but there are a few misconceptions about the program. Some soon-to-be retirees are worried that the program is going bankrupt and benefits will soon be a thing of the past, while other workers expect their monthly checks to cover all their expenses in […]
Saving for retirement should be on everyone’s financial to-do list. Unfortunately, for many people, it’s hard to get started. It can be difficult to know what goals to set for yourself, and it may seem overwhelming to figure out how to invest your money in a way that balances risk and returns. While you may […]
As you shake off those winter doldrums, put away the snow boots and prepare to deep clean the house, you can add a new technique: spring cleaning your financial house. It’s so easy for us to put our financial lives on autopilot and fail to evaluate the ways we’re spending and the products we’re using. […]
Owning a home is an important life goal for many Americans. Yet buying a home is not always the best financial decision for everyone. In some life situations, renting is a more prudent choice. If you or your loved ones are contemplating the buy-or-rent decision, consider these questions to inform your next move. 1. How […]
If you’ve never heard of IRMAA, you’ll want to know all about it before you retire. It’s the Medicare income-related monthly adjustment amount, or the extra premium for Part B and Part D that higher-income beneficiaries pay for Medicare coverage. In some cases, even a tiny increase in your income can put you in a […]
A bad stock market is unsettling for any investor. For retirees and near-retirees, though, bad markets can be dangerous. Stock market losses early in retirement can significantly increase your chances of running short of money. But there are ways to mitigate the risk. Financial planners say the following actions can help make your money last. […]
About half of U.S. workers plan to use personal savings as their primary source of income during retirement. A 2019 study by the Transamerica Center for Retirement Studies and the Aegon Center for Longevity and Retirement found that 48% of workers expect most of their retirement money to come from accounts like 401(k)s, 403(b)s, and […]
