Retirement
The most surefire way to predict the future is to incrementally plan and build towards it on your own terms. What you do today immediately informs how your short-term and long-term future plans will play out. And that is the best way to describe a trust. A trust is essentially a legacy and familial financial […]
One of the most efficient ways to make your retirement dollars last longer during retirement is to live in a foreign country. There are many developing and developed foreign countries where the dollar is stronger than the local currency. A retirement account that would be exhausted in a large American city within a decade could […]
The death of a loved one is always hard. While any person should take any and as much time as they need to grieve there will be bureaucratic and administrative issues that will need to be taken care of on behalf of the deceased. One issue that you may find yourself dealing with is what […]
Early retirement now is entirely possible — if you plan ahead. The pathway to early retirement involves cutting unnecessary expenses, a frugal lifestyle, earning more, and investing as much as possible. Resist the temptation to spend lavishly during the first few years of retirement to make sure your savings last. Is early retirement now possible? […]
Most people will never retire because their finances won’t allow it. If that’s you, and statistically it probably is, better to plan an active retirement than do nothing. Working and controlling your future is a better outcome by far, and it has mental benefits, too. It might be in your best interests, financially and emotionally, […]
Retirement is usually pictured as a beautiful elderly couple sipping fine wine on their yacht or on a lazy front porch, usually in a warm-climate state such as Florida. Now that’s the kind of retirement I think we all want, right? Without knowing what the average retiree spends per month, though, it’s hard to predict […]
Preparing for retirement means budgeting and making important lifestyle decisions. Your income is a crucial as your outgo, so healthcare is a big area to explore. The gig economy offers many opportunities to earn income after regular work stops. Get your adults kids on board so they understand what you’re doing financially and why. Americans […]
Lack of retirement tax planning is costly: Most retirees are unprepared or not prepared at all for the cost of taxes in retirement. While many Americans will get Social Security tax-free, anyone with investment income or a pension could be taxed on their monthly check. The key to better retirement tax planning is learning the […]
Many of us are not ready financially for retirement, yet getting to $1 million is not impossible. Most 401k millionaires got there with steady saving and investing over decades. Getting to retirement with wealth means knowing how to make sure it compounds with minimal risk. Shocking new statistics reinforce a basic truth of the world’s […]
According to research data compiled by Voya Financial, more than 60% of workers nearing retirement age are forced into retirement. Some employees are forced into retirement due to ageism, to make way for younger employees or due to declining personal health. Dave Bernard, now age 59, had previously planned to retire at the age of […]
