By Oliwia Szczekot It’s never too late to start saving for early retirement, but the sooner you start saving and investing your money, the more time it will have to grow. If you want to retire by age 50, you need to be willing to work hard and be creative. You must take risks, manage…
How Pre-Retirees and Retirees View the Future
When thinking about retirement, it all comes down to finances. After all, there’s a particular lifestyle that people have become accustomed to. A lot of emotional and financial planning goes into retirement. Most baby boomers are already there. So, how’s retirement for them? And what about the Generation X group? They’re planning retirement. How are…
Regrets? Retirees Have a Few
By Janet Bodnar From Kiplinger’s Personal Finance How would you respond if someone asked you what advice you would give your younger self to improve your financial situation in retirement? In its Retiree Reflections Survey, the Employee Benefit Research Institute put that question to more than 1,000 retirees between the ages of 55 and 80….
15 Facts You Never Knew About Life Insurance
Putting money aside for retirement and building a nest egg is crucial for the financial security of you and your family. After all, if you suddenly were unable to support your family, what would they do? 1. It’s part of a sound financial plan If anyone financially relies on you, then life insurance should be…
How to Make a Spending Plan You’ll Stick To
One of the most important things you can do is learn how to manage your money. Good money management habits can help you stay on top of your situation, and it opens doors in your business as well. You can’t have a thriving business if you don’t have your personal finances under control. The right…
6 Types of Budgets and How to Choose
In hindsight, it makes sense that at and after the height of the COVID-19 pandemic Americans hoarded more money than ever. BEA notes that personal income increased $107.2 billion (0.5 percent) in March 2022. While understandable, this is still should raise concerns. After all, Bankrate found that only 41 percent of Americans would be able to cover…
Learn Your Parents’ Financial Plans ASAP
My mom died at age 61, when I was 31. Seeing her headstone in a field of others smacked me with a brutal, if obvious fact: Everyone, including everyone’s parents, will die. I promise I’m not trying to depress you. I want to prepare you, as this loss can happen sooner than you’d expect. And…
The Most Romantic Money Moves You Can Make
For some people, talking about money is as pleasurable a way to spend time together as going for a long walk on the beach. “I am a money nerd, so to me, talking about money is super fun, and I’ve paired up with someone who is the same,” says Kate Fries, a certified financial planner…
Top 10 Components of a Financial Plan
No matter what your goals are in life, if you want to succeed in achieving them, then proper planning is a must. After all, like Benjamin Franklin, once said, “If You Fail to Plan, You Are Planning to Fail.” Even though there’s actually little evidence that Franklin coined the adage, over the years there have…
What Farmers Can Teach Us About Finances
Dear Readers: In the fast-paced financial world we live in, with its focus on trading trends, online platforms, and market movements, it’s easy to get lost in the weeds and lose sight of the grounding principles of managing money that are essential to long-term success. So with spring in the air and buds on the…
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