Retirement
Financial security gives you the peace of mind and a sense of reassurance that yours and your family’s present and future needs are taken care of. If you want to be financially secure, it’s best to start saving money as early as you can and as often as you can. Moreover, the bigger question is […]
Most investors have heard of mutual funds and exchange-traded funds. The lesser-known cousin is the closed-end fund (CEF). CEFs are actively managed by a fund manager as the main difference from ETFs. The main drawback is that fees are generally higher for CEFs over ETFs. But the major advantage is that there is a higher […]
Choosing the right retirement location is a vital decision that can significantly impact your quality of life during your golden years. Whether you want to move to a new place, new city, or a new state altogether, you need to make sure you choose a location where you can live the best phase of your […]
If you are approaching retirement, you might be concerned about handing over a significant portion of your income to the taxman. Depending on where you live, the combination of federal and state taxes can take a big chunk out of your retirement income, leaving you with precious little to meet your day-to-day expenses. We have […]
Many baby boomers are not yet ready to retire. Enter phased retirement, the concept of quitting work in stages. Contrary to popular belief, the retirement process can be extremely stressful, depressing and frustrating. One has to go suddenly from a lifetime of work to having a lot of free time. For many, too, a job […]
As a retiree, it’s integral for you to know whether your retirement income will be taxed, how much of it will be taxed, and at what rate, so that you can create a budget accordingly and live within your means. In this post, let us take a look at six types of retirement income that […]
An employer-sponsored 401(k) plan can be a salient way to save up for retirement. Yet not everyone has access to a 401(k). Data shows that one in three US workers does not have an employer-sponsored 401(k) plan. If you are one among them, you can save up for retirement using one of the following alternative […]
An individual retirement account (IRA) can be an excellent investment vehicle to build your retirement nest egg. Correlating with this, contributing to an IRA without actually knowing how it works or what kind of advantages it offers can cause you to make mistakes that could prove to be costly down the line. In this post, […]
Retiring with a debt hanging over your head is a scary thought for many people. You must get out of debt because your peak earning years are behind you and you are more likely to spend on medical care. The added burden of a mortgage, auto loan, personal loan, or credit cards can be too […]
Retirement is a lifestyle fund for post-working people that should last for 25 years or more. And too many people are “semi-retired” or “working retired” because they cannot fully retire. The cost of living in the United States is extremely high for retirees. The typical retiree must pay $45,000 in annual expenses in large American […]
