Retirement
Bonds are a popular investment option for those seeking to earn a fixed rate of return on their money. Buying bonds directly from the U.S. Treasury is a straightforward process that can provide investors with a safe and stable source of income. By understanding the different types of bonds sold by the Treasury, investors can […]
If you are in your mid-fifties and want to retire 10 years from now, it is time to get started with better saving and investing habits. While there is no way to turn back the clock, you can still catch up with your retirement savings target at this age by being smart and following the […]
A retirement fund is expected to pay for a retiree’s living expenses throughout the entirety of retirement. Unfortunately, the cost of living rises all the time and inflation decreases the buying power of the dollar. Sometimes being retired can be just as expensive as working for a living, if not more. Here are four things […]
One of the biggest factors that can impact the amount of taxes you pay is which state you live in. Income tax, property tax, and sales and excise tax tend to vary significantly from one state to another. By moving to a tax-friendly state you can reduce your overall tax burden to a significant extent. […]
Whether to pay off your mortgage before retiring requires careful consideration. In this article, we’ll delve into the nuances of paying off your mortgage before retirement, enabling you to make an informed decision that aligns with your financial aspirations. Assessing the pros and cons of paying off your mortgage involves an evaluation of the potential […]
A lot of Americans will never retire. But those who do retire may commit financially consequential mistakes that could negate having a retirement fund in the first place. Refusing to downsize your current lifestyle and finances is a good way to slowly waste away your retirement. For example, downsizing from a large house to a […]
Certificates of deposit (CDs) are a low-risk investment option that allows you to earn interest on your savings. CDs are offered by banks and credit unions and come in different types that vary in terms of their interest rates, minimum deposits, and maturity dates. Here are five types of certificates of deposit that can help […]
Even though we live in a world where forced retirement and ageism are a reality, it doesn’t mean that middle-aged and elderly people have no employment options. There are plenty of jobs that employers explicitly set aside or target older workers for hire. Here are five of those jobs. Platonic activity companions In the 21st […]
Some people say that retirement is not the end of a road but only the beginning of a new journey in life on a highway. However, if you aren’t careful with your life decisions before you enter elderly age, retirement may become a road to nowhere for you. The typical American retires by the age […]
Should you pay off you mortgage before retiring? Only if you want to actually enjoy retirement. A study for government mortgage buyer Fannie Mae showed a growing number of elderly people are carrying mortgage debt over into retirement. According to the report, more than half (51%) of baby boomers between the ages of 65 and […]
