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 Read more.
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 Read more.
Here’s the dilemma: you’re talking about getting a higher 401(k) match from your company, but should you just take a higher paycheck instead?
Satisfaction with your retirement is determined by the financial planning done beforehand. Successful investors spend years accumulating the funds necessary to cover both the expenses and unforeseen circumstances that come along with a retirement. Financial planning in your working years allows for the stress-free retirement years you deserve.
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 Read more.
When you are ready to retire, how much of your stock should you sell? Let’s pretend it’s time to retire and we have $1 million of stock invested in a wonderful company… Not too bad, huh? We can sell all of our stock in the company and use that to finish paying off our mortgages, Read more.
One of the key strategies for growing wealth is to minimize taxes on your money. When it comes to saving for retirement, the more capital you have, the more interest you gain. The following are some tips on how you can save on taxes and grow your retirement at the same time.
By 2030, nearly all baby boomers will have passed retirement age, but how many of them are actually prepared to retire comfortably? We discuss the most common ways people save their money for retirement, how different generations have different views of saving, and how much you’ll need to save to retire in the future.