Many of us are not ready financially for retirement, yet getting to $1 million is not impossible. Most 401k millionaires got there with steady saving and investing over decades. Getting to retirement with wealth means knowing how to make sure it compounds with minimal risk. Shocking new statistics reinforce a basic truth of the world’s […]
When we think of investing, stocks and bonds often take center stage. These time-tested investment vehicles have long been pillars of portfolios, offering varying degrees of risk and return. However, the world of investment is far more expansive than this traditional duo. Savvy investors understand the value of diversification and are increasingly exploring alternative investment […]
Retirement can be a financial challenge, and it’s important to take advantage of all the tax breaks available to you. Here are three tax breaks that retirees often miss out on and how to make sure you get them. Medical expense deduction Retirees often miss out on the medical expense deduction because they don’t realize […]
Each month, expenses have a way of creeping up. You may not even notice right away unless you stop and take stock often. You may be wasting hundreds of dollars each month and not even know it. Here are four easy steps you can take to protect against unexpected expenses, scale back monthly costs, and […]
Umbrella insurance is a type of insurance that provides additional liability coverage beyond the limits of your existing policies, such as home, auto, or boat insurance. In the event of a lawsuit or settlement, umbrella insurance can help protect your assets and provide financial security. However, not everyone needs umbrella insurance, and it may not […]
A new generation is starting to invest, potentially reorienting trillions in inherited wealth in the coming decades. To guide them toward the right path as a new investor in the market, here are four inadvertent mistakes you must avoid if your goal is to create wealth. Don’t take advice from social media On social media […]
According to research data compiled by Voya Financial, more than 60% of workers nearing retirement age are forced into retirement. Some employees are forced into retirement due to ageism, to make way for younger employees or due to declining personal health. Dave Bernard, now age 59, had previously planned to retire at the age of […]
Choosing when to claim Social Security is a big decision for many of us. Your benefit will depend on the average income you earned over your working years, the average income of your spouse, and when you file for benefits. As you make plans for your retirement, you may ask, “How much will I get […]
Almost every traveler’s dream is jetting off to a famous international destination or the world’s most beautiful islands. The reality is that travel costs money. For most travelers, this is not a limitless resource. Here are 5 money-saving travel tips. Budget first While many of us out there won’t have the tens of thousands of […]
Yes, you can chop tens of thousands off your mortgage — without writing a big balloon payment check or forgoing a windfall to pay principle. The trick is to make biweekly payments, rather than one payment a month, for the life of the mortgage. The strategy is easier said than done for most mortgage owners. […]
