Retirement
While the rule of thumb is to retire at the age of 65, here’s the truth: Most Americans retire at the age of 62. In fact, in 2017 the average age of a living retiree was just under 60 years old. How to retire early? It takes real planning. The sad truth is that more […]
The landscape of retirement planning has experienced a notable shift with the enactment of new regulations governing inherited individual retirement accounts (IRAs). As individuals striving to secure their financial futures, it’s crucial to grasp these changes and their implications. In this blog post, we’ll delve into the core modifications surrounding inherited IRAs and decipher their […]
One out of six retired Americans is a millionaire right now, according to from the Fed Reserve Board and the Bureau of Labor Statistics. Could you retire as a millionaire? However, the median wealth of retirees is only about $200,000. Clearly a few people with $1 million actually have a lot more, while most Americans have significantly […]
To have the kind of retirement you have always wished for, you need to have a solid strategy in place. But that can be seriously sidetracked by errors. Learning what retirement mistakes to avoid is key. Take care to steer clear of a few major pitfalls in your retirement plan. Do that, and you should […]
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 […]
