Retirement
Retirement is a well-developed plan for post-working life. But, as Mike Tyson once said, everyone has a plan until they get punched in the face. Many Americans don’t have enough money to retire. Or even if they want to, they waited until the last moment to start thinking about it. Unfortunately, even for those among […]
Planning for a secure retirement requires diligent savings and strategic financial decisions. One powerful tool available to individuals aged 50 and above is catch-up contributions to their 401(k) retirement accounts. Catch-up contributions allow you to make additional contributions beyond the standard limits, providing an opportunity to boost your retirement savings. In this blog post, we […]
If you want to make it big as an entrepreneur, you have to follow the footsteps of successful entrepreneurs who have been there, done that. Similarly, if you want to plan for your retirement, wouldn’t it make sense for you to follow the advice of actual retirees, rather than a financial advisor or an investment […]
If you have retired or if you are planning to retire in the near future, it’s fundamental to modify your investment strategies so that you can maintain your lifestyle during your golden years. Since you will no longer have a salary to rely on, you need to do everything you can to stretch your savings […]
The effects of retiring without a clear and suitable retirement plan can be disastrous, as borne out by the fact that Americans are filing for bankruptcy in ever-increasing numbers. Since 1991, the number of individuals filing for bankruptcy has doubled in the age group of 65 and above. After working hard all your life and […]
Workers in their 50s and 60s are facing the prospect of getting laid off just before the retirement door is about to open in front of them. According to a recent study at the Urban Institute and ProPublica, more than half of workers find themselves up against this new challenge after age 50. The research […]
Forced retirement is a problem many folks are grappling with these days. Around 37% of retirees in the country leave work earlier than they had expected, typically due to health problems, layoffs, shutdowns and cutbacks. Many forced to retire early struggle with their day-to-day expenses as a result of losing their only source of income. […]
Many freelancers would benefit from saving into a new kind of 401(k) just for them. Unlike corporate plans, these are easy and cheap to administer. Contribution limits are much higher than other small business plans of the past. Many Americans rely on their employer-sponsored 401(k) plans to save for retirement. But what about all those […]
Retirees who are in reasonably good health could have different motivations to work, apart from economic necessity. Some may choose to work out of their need for intellectual stimulation, while others may find that working is good for their physical and emotional well-being. Some may simply want to keep themselves busy by working part-time after […]
The average retiree may need $45,000 annually to pay their cost-of-living expenses throughout retirement. That may sound high, but it actually may not be enough money if you retire to large cities with the high cost of living standards. Have you considered buying property abroad and living out your retirement abroad? More than 432,000 Americans […]
