Tag: retirement
Can I Retire At 60 With $500K?
As millions of baby boomers approach retirement with Generation X-ers not far behind, the question of “Can you retire with $500,000?” repeatedly pops up among our readers. Yet, it’s not only those 60-year-olds thinking about retirement, but also, we find middle-aged folks asking if retiring at 55 with 500k is reasonable. This article will delve […]
5 Wealth Management Tips For Heading Towards A Comfortable Retirement
Most consumers know that planning for retirement takes a lifetime. While it’s more fun for consumers who are still working to focus on what they want to do with their new-found time, what they should be thinking about is wealth management. Read on to find five tips for how to save for a comfortable retirement. […]
Traditional IRA vs. Roth IRA vs. 401k
Congratulations! Landing on this page means that you are likely planning your retirement. While it might sound like an ordinary thing to do, most people don’t pay nearly as much attention to their future as they should. Granted, thinking too much about the future does distract from the present. Yet, after spending more than half […]
Forget $1 Million: Here’s How To Retire On A Lot Less
You’ve no doubt heard the “wisdom” that you’ll need a million bucks to have any hope of retiring. If you’re like most folks, you’ve probably wondered how you’ll manage to save such a huge stash. Maybe you’ve given up and resigned yourself to working till you’re 100. I can’t blame you. Because with the rising […]
The Best, And Worst, Ways To Buy Preferred Shares
As you near (and enter) retirement you probably favor bonds, which provide income with less drama than stocks. However, less drama means less potential upside. With retirees living longer than ever before, it’s important to not go too conservative too early in life. And fortunately today, even 65 or 70 may be too early! One […]
Why A Roth 401k Plan Makes Sense For You
Most everyone knows about a 401k plan. It is a typical benefit employers provide to help their employees save for retirement. While there are many benefits to investing in a 401k plan, there are some drawbacks. As such, a new version of the 401k plan has been growing in popularity. The Roth 401k plan. What […]
Projecting Finances For The Aging
In assisting my mother-in-law with her finances, one of the things I’ve done is to project how long her savings will last. I’m monitoring her income, spending and savings to ensure she is able to live comfortably now and still has enough to cover future potential living and care expenses. Since it may be of […]
3 Ways You Can Achieve Financial Independence And The Retirement Of Your Dreams
My life’s ambition is to help as many people achieve financial independence as possible. That means being able to retire comfortably, as early as possible, in order to live life on your terms, not those of your boss. I recently came across an inspiring article that highlighted a married couple whose financial situation mirrors that […]
3 Essential Facts You Need To Know About Social Security
Social Security was formed in 1935 during the Great Depression. It was initially meant to serve a dual role. First, it was meant to alleviate poverty among the elderly. Second and more importantly, it was meant to allow older Americans to quit the workforce and make room for hiring the massive amount of unemployed younger […]
6 Retirement Planning Tips For 50 Year Olds
Retirement Planning Action Tips for Today You’ve hit the big 5-0 and the reality that you’re not going to work forever sinks in. If you’re like most Americans, your retirement account is on the lean side. A recent Economic Policy Institute article reports that for households between ages 50 and 55, the average savings balance is $124,831. Yet, […]
