Rule #1 Finance Blog
The U.S. economy could slip into a recession at any time, so creating a crash-resilient retirement is more important than ever. Read more.
$1,000,000 is a common benchmark when it comes to retirement goals, and many resources will recommend this number as how much you should save before you retire.
However, while a million dollars may sound like a great goal to strive for, the truth is that a million probably isn’t going to be enough for you to live a comfortable and enjoyable retirement. Read more.
Retirement planning can be tricky, but I want to start out by saying it’s entirely possible to have enough money to retire early. You don’t need to win the lottery or have a big inheritance or anything like that. You just have to be smart and disciplined with your money. Read more.
Whether you haven’t thought about it at all, or you’re setting aside some money into a retirement fund, retirement planning is crucial to establishing your future.
The preparation process takes knowledge, tools, and time, but you can do it. It’s hard to invest if you don’t have a plan. By having a plan I mean, what lifestyle do you want to live when you retire? How much will that lifestyle cost you? Once you can answer those questions, you’re headed in the right direction. Read more.
The “someday” you’ve been planning and saving for is today. It is time to retire. You may be feeling ready and excited, or you may be feeling overwhelmed and unsure. All of these emotions are completely normal as you are about to undergo a major lifestyle change.
What should you expect from this new chapter of life?
Over 28% of Americans age 55+ years have zero money saved for retirement. 17% of Americans age 55+ years have less than $10,000 saved.
This means that over 35% of Americans approaching retirement have no savings prepared – other than what they may have in social security.
This is why so many retirees live in fear of the question: Will I outlive my retirement savings?
Whether you haven’t thought about it at all, or you’re setting aside some money into a retirement fund, preparing for retirement is crucial to establishing your future.
If you want to retire comfortably (and many Americans believe they are preparing to do so in the best way possible) chances are good that you’re just not making the returns you need in order to retire when you want to. Often, the obstacles we face have more to do with the mistakes we make Read more.
[INFOGRAPHIC] What You Need to Know About Opening a Brokerage Account
In order to buy and sell stocks, you’ll need a brokerage account. This account allows a broker to sell and purchase, on your behalf, to other people willing to give or take the same stock. Choosing a brokerage account can seem confusing because you have a lot of options. Let’s take a look at these options.