Many people spend years looking forward to turning 62. That’s because 62 is the first age at which most workers can claim retirement benefits from Social Security, and a large fraction of older Americans choose to start getting monthly checks from Social Security as soon as possible. If you’re going to be eligible for Social […]
You’re probably spending more money on your grandchildren then you realize, and it could hurt your retirement. Grandparents are spending a lot of money on their grandchildren, according to an AARP study. On average grandparents spend $2,572 annually on the grandchildren, according to the study. But that’s only an average. Many spend much more. Also, […]
What does your ideal retirement look like? Living in a tiny place and eating the senior special at 4:30 p.m. every day, or having a comfortable home and eating dinner whenever you want? You can create the easygoing retirement of your dreams if you know how to take full advantage of the perks available within […]
Here at High Dividend Opportunities we could have named ourselves “Making Retirement Possible” but it just wasn’t as catchy. It’s true though, we focus on immediate income investing that unlocks high returns and changes the mindset of investors. We take worried, panicked traders and mold them into relaxed, determined income investors. These investors know their […]
Holiday get-togethers can be good times to lay the groundwork for future family money conversations. If your family gathering is on the small side, you may be able to find a relaxed time to discuss some details. With a larger group, or in a family where emotions or tension can run high, it’s usually best […]
It may be a better time than ever to save in a Roth retirement account. A Roth 401(k) plan or Roth individual retirement account allows savers to stash away money after it’s been taxed, meaning Uncle Sam won’t take a bite when retirees withdraw their funds later. Contributions to a “traditional” or pre-tax account — […]
Can you have a job with high satisfaction that also pays six figures? What about first-time job hunters? The answer to both questions is, “Yes.” If you choose wisely. The jobs environment is getting rosier, at least judging by the latest jobs figures from the Bureau of Labor Statistics. The unemployment rate was unchanged at […]
If you’ve been consistently saving for retirement for years (or even decades), you may start to wonder whether it’s possible to over-invest in your future. The answer: It really depends on your financial circumstances. While many money experts will tell you that you can’t have too much in retirement savings, others will say it comes […]
Student loan borrowers who want to repay the balance owed with their 529 college savings plan should think twice. President Donald Trump signed the Secure Act into law last week. It will take effect on Jan. 1. In addition to changing the way you save for retirement, the legislation also allows you to use up […]
If you’re struggling to save for retirement, you’re far from alone. Close to half of baby boomers have zero retirement savings, according to a report from the Insured Retirement Institute — and of those who do have savings, more than one-quarter have less than $100,000 stashed away. Saving for retirement isn’t easy, but it’s vital […]
If you’ve been consistently saving for retirement for years (or even decades), you may start to wonder whether it’s possible to over-invest in your future. The answer: It really depends on your financial circumstances. While many money experts will tell you that you can’t have too much in retirement savings, others will say it comes […]
Q. I’m retired. I have an IRA and a 401(k), and the 401(k) has done really well this year. I was initially planning to roll it into the IRA, but because the performance is good, I’m hesitating. What should I do? — Investor A. There are several pros and cons to rolling over a 401(k) […]
