The United States often has millions of jobs vacant, even if millions are out looking for work. That means if you are retired and looking for work, your odds of finding something usually are pretty good. However, there are three ways you should consider how your retirement might be affected by going back to work. […]
Your credit score is one of the most important numbers that lenders use to determine your creditworthiness. The higher your score, the better your chances of getting approved for loans and credit cards with favorable terms and lower interest rates. If you have a low credit score, it can make it difficult to qualify for […]
Wall Street analysts have a penchant for jumping on the conventional wisdom bandwagon and reflexively engaging in group think. One of the most common examples of this phenomenon is the unwavering belief, embraced by investors and analysts alike, that electric or self-driving vehicles are the implacable wave of the future. But far too many who […]
Many Americans are retiring abroad to save money and make their retirement savings last longer. Over 413,000 American retirees access their Social Security benefits outside of the United States. However, many Americans are wary of retiring abroad. They will have to adjust to new cultures, downgrade standard of living lifestyles, and learn a new language. […]
Working full-time or part-time as a senior citizen can be self-defeating in a world where the cost of living standards is always rising. The median salary for most senior citizens working in 2018 was barely $22,000. However, the typical retiree needs at least $45,000 annually to cover their living expenses. If you are age 65 […]
Careful what you wish for in life — you just might get it. Winning the lottery, for instance. Most people don’t understand how much winning the lottery can change a life. First off, lottery taxes will diminish the size of your winnings significantly. Then family, friends, even strangers will beg you for money incessantly. You’ll […]
Recession warnings and calls for an impending drop in the stock market hasn’t stopped Bill Gates from an aggressive investing strategy. Gates recently told Bloomberg News that the majority of his assets are still invested in stocks. Bloomberg, which tracks the investment performance of a number of billionaires, found that Gates added around between $16 […]
Planning for retirement is a crucial financial milestone, and it requires thoughtful consideration of investment strategies to ensure a secure future. While equities have their place in a retirement portfolio, bond funds offer stability, income, and diversification. In this blog, we will explore five different types of bond funds that can play a pivotal role […]
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 […]
