Retirement
Personal finance is rife with misconceptions, myths, and bad advice. For many, bad advice is why you are not rich. Following the wrong advice and making bad investment decisions can make it difficult for you to reach your financial goals and prevent you from getting rich in the long term. Here are seven personal finance […]
Are you all set to bid adieu to your full-time job in 2019? If you are just retired, there are a number of things you need to do to make sure you are well prepared for your post-retirement life. Here are seven important financial ideas that can help you stabilize your situation after your retirement.
One of the hardest decisions that a retiree will have to make is determining where to live during retirement. Mental and physical vitality depreciates incrementally with age. It can also be emotionally and physically prohibitive for some retirees to live on their own as they age. Financial independence is an issue as well. According to […]
Diversification is the name of the game when it comes to building a successful investment portfolio, and that means alternative investments. Apart from conventional assets like stocks, bonds, and mutual funds, you also have the option of investing in a variety of alternative assets that can increase your portfolio’s rate of return. Here are seven […]
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 […]
If you had a year to get rich, what steps would you take immediately? As 2018 winds down, it’s time to set your sights on you financial goals for the year to come. The following financial planning ideas for 2019 could help greatly improve your financial picture 12 months down the road.
Many young Americans are up against the challenge of how to protect elderly parents from scams. At present, more than 15% of the U.S. population is above the age of 65. By 2060 that figure will be nearly one in four Americans. Meanwhile, global interconnectedness means slick financial scam artists are coming at them from […]
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 […]
A growing number of seniors finding jobs are doing so by joining the gig economy. According to a 2017 Prudential Financial survey, around 31 percent of gig economy workers are baby boomers, and 34 percent of those workers are retired. The flexibility offered by contract jobs is attractive to retirees, allowing them to set their […]
Is the 4 percent rule viable for retirement anymore? And if not, what should retirees do about it? For decades, the cornerstone of retirement planning has been the 4 percent rule, which states that if you only withdraw 4 percent of your funds annually, odds are that you will have enough money to last 30 […]
