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 […]
Ever wonder how much you are due from the government once you hit retirement age? Wonder no more. It’s all in your Social Security Statement. The statement shows how much you have paid into Social Security and Medicare taxes over your whole career. In addition, it explains how much you would get in Social Security […]
In the intricate landscape of personal finance, the cost of car insurance stands as a significant line item for many. In this article, we’ll navigate the avenues to effectively lower your car insurance costs, ensuring a smoother ride for your wallet. Shop around Shopping around for car insurance allows you to pinpoint the most competitive […]
During times of market volatility it’s important to remain calm. Something happens in the world, and well we all seem to panic and sell off parts of our stock portfolios and flee the market. After the situation has stabilized, however, everyone begins to wonder why they are doing what they are doing and realizes that […]
When you’re about to retire but don’t want to live the quiet life just yet, there’s another option: phased retirement. Over the next year, 18% of U.S. respondents say they’ll switch from full-time to part-time work before retiring, according to global consulting firm Mercer. Part-time work can come from a current or new employer or […]
Getting a rewards checking account is a great way to upgrade your checking experience. If you use a rewards checking account, you will generally not be charged fees for ATM withdrawals, account maintenance, or transfers. Initially, these accounts were offered by online banks, community banks and credit unions. Now many larger and regional banks are […]
Retirement on or near the water has many advantages — except for the price tag that usually comes with it. Fortunately, there are different kinds of waterfront, some of which are affordable. Lakes with vast coastlines offer some of the most significant waterfront bargains. Similarly, towns near rivers and bays can provide spectacular views or […]
Managing your small business finances is crucial. Small to medium-sized businesses need financing but they lack enough of it — to the tune of $5 trillion, according to the SME Finance Forum. This lack of accessibility to affordable financing makes it far more important for small businesses to manage their finances efficiently in order to compete […]
There was a time when retirees could lead a comfortable life with the help of the three-legged stool of a lifetime saving — Social Security, a pension, and private savings and investment. Sadly, that is no longer the case for many. Retirees find it increasingly difficult to manage their expenses on Social Security income alone […]
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 […]
