The ocean? The mountains? Downsize? Upsize? Near the grandkids? With other retirees? Seek peace, quiet and solitude? Get closer to the action? So many choices are available to us and we have the freedom to move anywhere we like – or nowhere at all. How should you make this huge decision? Help is Everywhere There […]
Category: Personal Finance
These 2 Factors Determine How Much Money You’ll Need to Retire
Saving for early retirement is one thing, but will those savings actually last an early retiree for his or her lifetime? After all, thanks to inflation, $1 million is no longer what it used to be. The amount of money you need to save to retire early depends almost entirely on two things: your cost […]
99% of Americans don’t make this easy money-saving choice on healthcare
You likely shop around to find the best prices for groceries, clothing, and electronics. But what about for medical procedures? If not, you should start today. Most Americans assume medical procedures are set at a relatively fixed cost, but they could be losing out on thousands of dollars a year by not shopping around, a […]
If You Can’t Picture Retirement, Bring Savings Goals Closer
A lot can happen over 40 years. You’re likely to change jobs upwards of 10 times, according to Bureau of Labor Statistics averages. Odds are good you’ll get married and have kids. You might buy a house or get a dog. You’ll eat over 4,000 pounds of potatoes, assuming consumption averages from the National Potato […]
75% of millennial couples talk about money at least once a week—and it seems to be working for them
Millennials in couples are far more open about discussing their finances with their partners than older generations. And experts say that’s helping make them happier. While there are a lot of factors involved in making a relationship work, experts say money plays a key role. Nearly nine in 10 millennial couples (classified here as those […]
How screwed are you when it’s time to retire?
First, the good news: You probably aren’t any worse off, financially, than previous generations who managed to retire with dignity. But even if you have decent savings, odds are you still aren’t properly prepared to support yourself in retirement. That’s the bad news. In the past 40 years, retirement systems in developed countries have gone […]
4 Signs You Retired Too Early
Many workers dream of retiring early and getting to escape the daily grind ahead of schedule. But pulling off an early retirement is easier said than done. Here are a few telltale signs that you pulled the trigger on retirement sooner than you should have. 1. You’re not yet eligible to collect Social Security — […]
5 Top Funds for Your 401(k)
Trying to decide which mutual funds to choose for your 401(k) can be a nerve-racking endeavor. But it doesn’t have to be. To make retirement planning easier for you, here are five types of funds that can help you achieve strong investment returns while also prudently managing risk. Large-cap stocks Large-cap U.S. stocks should constitute […]
Filed a Tax Extension? 3 Mistakes to Avoid
If this year’s tax filing deadline sneaked up on you, you were hopefully smart enough to file for a tax extension and buy yourself an extra six months to get your return over to the IRS. And while you still have roughly two and a half months until the Oct. 15 extension deadline, it never […]
Millennials: We Have No Savings, But Want To Retire At 61
Failing to save for retirement tends to be the biggest financial regret among Americans but millennials still want it all, they want it quickly, and without much sacrifice, data from a recent Bankrate.com study suggests. Perhaps unsurprising given the older generation’s general stereotyping of millennials as having less ambition and work ethic combined with an […]
Track This Simple Metric To Help You Retire Earlier
If you want to retire earlier, especially if you are a late starter to retirement planning, time is not your friend. But there are steps you can take right now to grow your nest egg. A widely established business practice (known colloquially as Pearson’s Law) states: What you measure improves and what you measure and […]
Your Money: Tax efficient retirement spending
Close your eyes and picture your ideal retirement. Some of you are probably on a beach, others may be touring Europe and a good number of people probably are thinking of family get-togethers, surrounded by kids and grandkids. But we’d bet that one thing you aren’t imagining is paying a big tax bill. Unfortunately, that’s […]