Retirement is the late-age opportunity to say goodbye to working life tension and hello to a life of leisure — maybe. Most people retire between the ages of 63 to 65. The typical American has about $50,000 saved for their retirement. About a quarter of Americans, however, have less than $5,000 saved. And about 15% […]
A bank run is a situation where many depositors withdraw their money from a bank at the same time, often due to concerns about the bank’s solvency or liquidity. Bank runs can be caused by various factors, including economic crises, rumors, or news about a bank’s financial health. While bank runs are rare in modern […]
People all over the world trade in the stock market a number of different ways. To me, there are five that stand out and one that I follow personally. Here the five powerful investing strategies, each with their own risks and rewards: Income investing This type of investing revolves around the idea of buying securities, […]
If you pass away unexpectedly, life insurance can protect your loved ones financially. However, the type of insurance you get is just as important as the amount of coverage, if not more so. Term life insurance and whole life insurance are the two most common types of life insurance. Which one you choose is important. […]
If you are over the age of 65 you may qualify for more tax credits. For instance, many Americans can have a higher income threshold before being legally required to file taxes. And you qualify for a larger standard deduction. Here are three ways that being older comes with tax benefits that benefit only you. […]
Investing in the financial markets can be both exhilarating and daunting. However, while there are potential rewards, there are also inherent risks that can lead to losses. One critical aspect that often determines an investor’s success or failure is their ability to navigate the complex world of behavioral finance. Understanding and avoiding common behavioral finance […]
In my experience, most people do not take the time to shop around or adjust their insurance policies so that they get the most coverage for what they are willing to pay. This article offers tips for how to shop for and buy car insurance properly, get the coverage you need, and save money. Most […]
Early retirement now is entirely possible — if you plan ahead. The pathway to early retirement involves cutting unnecessary expenses, a frugal lifestyle, earning more, and investing as much as possible. Resist the temptation to spend lavishly during the first few years of retirement to make sure your savings last. Is early retirement now possible? […]
Most people will never retire because their finances won’t allow it. If that’s you, and statistically it probably is, better to plan an active retirement than do nothing. Working and controlling your future is a better outcome by far, and it has mental benefits, too. It might be in your best interests, financially and emotionally, […]
Life insurance can be compared to having fun in one way: The older that you get, the more expensive it becomes. A life insurance policy is an equation that is developed by an actuary or underwriting algorithm. In the application stage, this equation assesses your current health, potential lifespan, and financial risk for the life […]
