Turning 50 can remind you of the importance of saving money. Retirement may be coming soon, and the high price of fighting the effects of gravity, and getting called “ma’am”. You may even begin dreading mail deliveries and the arrival of your AARP senior discount card because it means you’re official. Don’t toss that card and your newly-minted “sen...Read More
There are some realities regarding retirement for women which you just cannot afford to overlook. The challenges women encounter as they prepare for retirement are different than their male peers.
Over 70% of adults have financial regrets, according to a Bankrate report, and their biggest financial worry is that they didn’t start saving for retirement early enough. Even high earners reported guilt over not saving for retirement early enough. Of course, there is much to consider when preparing for retirement. However, the source of regret for...Read More
We all enter the workplace as young adults thinking things will work out in a very generic, easy to map kind of way. We’ll work until we’re 65, we’ll retire, and we’ll die at maybe 80 like our parents did. Income will be a steady incline, and if we save according to that incline, we should have the right amount of money to live from. That’s for the...Read More
Retiring is not an easy decision. A written retirement plan can help you in many ways, so you can implement it when you do retire. When you write your retirement plan, you must evaluate critical factors in your life and your expectations of retirement. The written retirement plan can be lengthy or brief, but requires you to answer critical question...Read More
One of the things people most look forward to in retirement is the opportunity to travel the world. For some, they’d prefer to actually live abroad. And why not? With today’s technology, the burden of being far away is greatly reduced. Plus, it’s an opportunity to experience something entirely new. But moving abroad is complicated. It can be overwh...Read More
The question on most people’s minds when they think about retirement isn’t if they’ll retire, but when? There’s a fair amount of strategy involved when it comes to retirement age. And there’s no clear general answer about when to leave work, it really depends on each individual. Factors include health, birth year, nest egg health, social security b...Read More
Most financial advisors agree that death and taxes are vital considerations when you make financial decisions for your future. The right tax retirement planning is essential. With proper planning though, you can ensure regular income after retirement, without worrying about the taxes.
Most individuals and couples cannot live on only their social security income. It would require a drastic change of lifestyle as social security will replace about 40% of average retirement income. Since most of us want to maintain a lifestyle at least close to what we are used to living, we start searching for ways to add supplemental income.