Retirement
As rent and real estate prices continue to skyrocket across major American cities, people are searching for alternatives. One such alternative is the “tiny house movement.” This is the social phenomenon of people opting to live in miniature homes that are about a quarter of the size of a full-size home. The average size of […]
Owning a home certainly has its advantages, one of which is the equity you build over time. Home equity, if utilized properly, can help you build a substantial retirement fund and create a source of passive income in retirement. That can give you a sense of financial security and allow you to spend your sunset […]
Using home equity can make your richer, believe it or not. Yes, it’s a loan, but it’s the lowest cost loan you can get, thanks to the fact that it’s secured by real estate, your own property. A home is the main personal asset of most people. The U.S. Census Bureau shows that home equity […]
It’s normal for investors, especially those close to retirement age, to worry about fluctuations in the market and how it will affect their 401(k) plans. And while there’s no way to avoid market volatility, there are a number of steps you can take before, during and immediately after a crash that will help you sustained […]
The FIRE method for early retirement has taken off in popularity in recent years. But are the risks well understood by its adopters? Retiring as early as possible then living life on one’s own’s terms is a concept that really appeals to people. Nevertheless, the FIRE method for early retirement as a concept speaks mostly […]
Do seniors need life insurance coverage? Your golden years should be about enjoying the memories of one’s lifetime. Yet the reality of life is that we struggle to pay our bills in youth, middle age, and especially in our old age. The responsibility to keep up with the standard of living doesn’t end when one becomes […]
Most retirees live on fixed incomes and have limited savings, so renting vs. owning in retirement is a real debate. Home ownership and maintenance, especially during the retirement years, can be mentally, physically, and financially exhausting. Retirees who own a home are essentially tying themselves down to one location for the foreseeable future. Retirees are […]
The number of baby boomer student loan debtors is set to mushroom in the coming years. Paying down student loans often becomes an obstacle to saving more for retirement. Do not ignore your debt, and avoid defaulting at all costs. Instead, talk to your lender about your situation. Student loan debt after retirement is increasingly […]
Just about anyone can become a millionaire by 50. Sustainable financial independence is the dream of virtually every ambitious person, of course. Some make it, some don’t. The truth is that it is entirely possible to become a millionaire by 50, if you are disciplined, tenacious, and willing to take the right steps at the […]
Passive income is not money for doing nothing but money from an initial effort that continues with little extra effort. Anyone can build passive income by investing in themselves to learn how others make money outside their normal careers. Creating passive income can lead to more freedom in life, early retirement or just more money, […]
