Tag: retirement
Save Yourself From A Savings Crisis
While some nations in the developing world struggle with food scarcity, lack of potable water, and the horrors of perpetual warfare and terrorism, a crisis of another sort loom over several of the world’s most affluent countries. It isn’t particularly dramatic so it doesn’t usually make the top news stories, but it affects millions of […]
Retire BEFORE Retirement Age… Warning!
If you’re thinking of retiring before retirement age, you might have a problem. For example, how do you access your money in retirement accounts, if you’re not yet retirement age? It’s a great question, and you can find the answer here. What to do to retire early… This article originally appeared at Money Scoop.
How Much Money Do You Need To Save For Retirement?
How much money do you really need to save to retire comfortably? For many people, this question causes a lot of anxiety. On the one hand, you want to save enough so that you don’t run out of money after you’ve stopped working. Your retirement account should be large enough to cover you for the rest of […]
4 Retirement Financial “Whats” To Answer Before And During Retirement
Now 12 years into my early retirement, I continually learn more about successfully funding and living my desired retirement lifestyle. One of the lessons learned is answering a few retirement financial “whats” questions. There’s a lot of both having trust in established processes and winging it when it comes to retiring. Getting most of it […]
3 Smart Ways To Boost Your Retirement Savings
Although 77% of Americans have retirement plans in place, most don’t have enough savings to actually live comfortably during this stage in life. In fact, for Americans between 55-64, the median retirement savings totals around $107,000, which equates to as little as $310 each month. Fortunately, however, it’s not too late to boost your retirement savings without having to […]
Where To Retire Now…
Is $1 Million Enough for Retirement in America? The average American needs their retirement savings to last them 14 to 17 years. With this in mind, is $1 million in savings enough for the average retiree? Ultimately, it depends on where you live, since the average cost of living varies across the country. This graphic, using data […]
Budgeting Before You Retire And Planning For The Future
Trying to estimate what your expenses will be during retirement can be challenging. It’s difficult to plan for inflation and to predict the costs of essential expenses in the next 10, 15, 20 years, or more. However, trying to come up with a spending plan for your retirement is crucial, as the earlier you start […]
7 Tools To Build Wealth After 50
There is an old joke in my office that goes like this: Everybody can retire in 15 years starting with nothing. I can prove it. Most people overspend until their birthday has a 5 in front of it. Then they panic. OMG! I have only 15 years until retirement! And then they get serious and […]
Living Off Assets
Last year, I had an interesting thing happen to me. For the first time in my life, my investments earned more than I did. I had a great year at work, where I earned six-figures, plus a nice bonus. But, it was no match for my investments, which earned almost $200,000. That wasn’t a typical […]
To RETIRE Early, Change Your Expectations
The Best Retirement Strategy for 50-year Olds If you still want to retire early and don’t have at least $1M in your retirement account by age 50, you have to change your thinking about what it means to retire while also taking a different path to retirement. What is the best way to retire early […]
