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. […]
The most stressful part of retirement for many people is wondering if they saved enough money and if it will last. The cost of living is very high in the United States. So to make ends meet, many retirees resort to downsizing and moving to small cities or remote towns. A good alternative is to […]
During times of heightened risks and market volatility, it’s a great time to review your goals and objectives and make sure your portfolio is aligned accordingly. A diversified portfolio that includes holdings in a variety of asset classes can reduce overall portfolio volatility and improve risk-adjusted performance. For instance, over the past few years, it […]
There is no doubt that in today’s electronic world, where everyone has a computer at home and a smart device in their hand, managing your budget can be a relatively simple task. Some of the apps are simple in that track your spending and report back to you what comes in and what is going […]
A time will come when age begins to catch up with your parents and they will need help with managing their finances. Even if your parents don’t want to feel dependent, when you sense that they need your assistance, you can approach the issue with sensitivity and extend your support for the management of their […]
After you have been living in your home for a while your income tends to grow but your mortgage stays the same. You may find yourself having extra money each month. There are many avenues you can take. You can put it in a college savings account for your kids, upgrade to a newer house […]
The heights of happiness that you experience in life is ultimately determined by the quality of your personal attitude. There is always a good reason to look on the brighter side of life if you set your mind to it. And sometimes the best things in life can be free or reasonably affordable. And that […]
