Retirement
The traditional IRA, Roth IRA, or company 401(k) are good long-term investing options. However, if you were investing during the crashes of 1987, 2001, 2008, 2020, or 2022, putting money in the stock market can be scary. You may have to take increased withdrawal amounts from your portfolio to keep up with inflation. This increases […]
Securing your retirement future will take sacrifice. And not just the financial sacrifice of prudently saving for it over a number of years. You should practice frugality and fight the impulse to waste money impulsively throughout your retirement. As human beings, though, we usually waste money without knowing it. The hard truth is that to […]
The figures for average Social Security benefits in the United States might come as a surprise to many people. Certainly, the benefits are more modest than many people think. The average monthly check last year was about $1,514, or $18,170 annually. And this was just the average. The average aged widowed or disabled worker draws […]
The market value and risk associated with the assets and securities in your portfolio can change over time, often drastically as the result of macroeconomic changes. Eventually, even the most finely balanced portfolio will need a “tune-up” at some point. Here are eight steps to help you rebalance your portfolio and keep it aligned with […]
Someone once said that the worst thing about being retired is that you never get a day off. That is because retirement is a journey and not a destination. Retirees need to make their retirement savings last for the remainder of their lives. U.S. workers nearing the age of 65 barely have $120,000 saved for […]
As the baby boomers age, about 10,000 Americans retire every day, and trend that expected to last for years to come. Meanwhile, the cost of living in the United States is often very high and cruelly unattainable for many of those same retirees. Only a small percentage of retirees retire some money. Most save nothing. […]
A couple in retirement may need over $400,000 to pay for health care costs throughout retirement. The cruel reality of life is that the older you get, the more unexpectedly expensive medical care becomes. The older you get, the more likely medical ailments and diseases will ravage your body. Yet the typical annual Medicare benefits […]
Medicare is a federal health insurance program that provides coverage to millions of Americans who are over 65 or have certain disabilities or medical conditions. However, getting started on Medicare can be confusing and overwhelming, especially if you are not familiar with the program. In this blog post, we will discuss five important facts about […]
The cost of living during retirement, especially when it comes to housing, is an expense that many retirees must monitor closely. Financial markets fluctuate, cost of living expenses increase all the time, and personal life events can precipitate the need to adjust retirement plans. Many retirees live on set incomes and have modest levels of […]
Financial independence, retire early, known as FIRE, is an early retirement movement that encourages people to retire from life as early as possible instead of waiting for old age. Easier said than done. The reality is that most Americans are not preparing for retirement, don’t have enough savings for retirement, or are unable to save […]
