Retirement
If you’re nearing retirement age, you’ve probably heard about Social Security and how it can provide you with income during your golden years. However, understanding the complexities of Social Security claiming can be overwhelming. To help you navigate this important aspect of retirement planning, here are five key things to understand about starting Social Security […]
Retirement marks a significant life transition, a time to reap the rewards of your years of hard work and careful financial planning. However, the road to a comfortable retirement is fraught with potential pitfalls. Many individuals make critical mistakes that can jeopardize their financial security in their golden years. In this blog, we’ll explore some […]
There is no doubt that investing in the stock market can give you excellent returns on your investment in the long term. However, stocks are far from the only option available for those who are looking to earn high returns and build their wealth. Let us look at five prudent ways that could help you […]
Real estate investing offers numerous opportunities to generate wealth and achieve financial independence. Whether you’re a seasoned investor or just starting out, there are several easy ways to make money in the real estate market. In this blog post, we will explore some strategies that can help you build wealth through real estate investments. Rental […]
The 401(k) is considered the quintessential retirement savings plan by many. However, not everyone has access to an employer-sponsored 401(k) plan. Nearly 35% of workers in the private industry do not have a 401(k) plan. If you are one among them, you might be wondering how to save for your retirement. Consider the below-mentioned four […]
I believe one very underappreciated risk for investors preparing for retirement is the concept of “sequence of returns.” Sequence of return risk is the danger that the timing of withdrawals from a retirement account will have a negative impact on the overall rate of return and ending portfolio value. If you happen to be in […]
For a happy and stress-free retirement you want a maxed-out portfolio with retirement funds, savings accounts, annuities, and other income streams. With that said, this is not something everybody can achieve in time. Many individuals start their retirement planning at a later stage in life. If you are one of these late bloomers, use the […]
Social Security is a government program, so it is unnecessarily complicated. Working or retired? Married or divorced or both? Disabled? Private or public employer? All these factors affect your Social Security benefits and options. The factor you can directly control, however, is the age you choose to claim your Social Security benefit after retiring. You […]
The trouble with retiring is that you never get a day off afterward. Retirement is no joke. A retirement fund must sustain your post-working life for as long as you live. But retirement is also not a one-size-fits-all situation. While it’s an positive life goal to attain, retirement has several harsh realities attached to it. […]
I recently came across an interesting recently entitled “Old Age and the Decline in Financial Literacy.” It was authored by a couple professors from Texas Tech and one from University of Missouri. It was published in October 2015. Basically, the study provides empirical proof that knowledge of basic financial concepts, including investing, declines appreciably after age […]
