There is no way around it, we live in a status-driven society. Whether that is owning the newest Gucci purse or buying a shiny new car, people judge other people by what they own or don’t own. Personally, I hate it because it causes so many people to make poor financial decisions in life, only […]
We live in a fast-paced world. This motivates many people to automate menial tasks, including investing. That may work for a while, which gives you a false sense of security. This false sense then may entice you to commit more capital than you should. If it works for $100 trades, it should work for $1,000 […]
As many as 9,224 widows and widowers aged 70 and up have been underpaid beneficiary benefits for years — at a cost to them of nearly $132 million in lost benefits, according to new report. The report from the Inspector General of the Social Security Administration (SSA) raises concern that many retirees fail to understand […]
So, when one thinks of a place to live out retirement, what state comes to mind? Florida. The state of Florida is the common answer to living out retirement if popular culture, or real-life surveyed preferences, are to be believed. In fact, most people choose Florida as their preferred place to retire out of all […]
The retirement plans we consider a part of conventional wisdom were perfected during the times of our grandparents and their parents. They lived in a much different world. Social Security is no longer enough these days for most retirees. And by the time you actually reach your retirement age, the world is going to be […]
What’s the best age to start taking Social Security? This is a very good question! You have the option to take retirement benefits as early as age 62. However, s0-called “full” retirement benefits are payable at age 67. And, if you or delay collecting your retirement benefit until age 70, it will be for a […]
Millions of Americans receive Social Security benefits every month, and many of them depend on these payouts to support a large part of their monthly budget. However, the payout can vary according to where you reside after retirement. The highest is New Jersey, at just over $20,000 a year. Clearly, this is not an adequate […]
The executor is the designated representative who is supposed to ensure that the estate is properly settled and that the assets are distributed according to the wishes of the deceased. Some of the items on the to-do list for an executor might include making sure the death certificate is properly filed with all the right […]
In case you are concerned about a high-interest rate on your credit card eating into your savings, you should know that it is not a number that is set in stone. Variable interest rates are common on most credit cards, which means they can fluctuate depending on a number of factors, including the discretion of […]
Almost 42% of all Americans run the risk of retiring completely broke, according to a new study. GoBankingRates conducted an online poll via Google Consumer Surveys that asked average Americans about the state of their savings and current retirement plans. The poll surveyed Millennials, the middle aged and senior citizens. One question was, “By your best […]
