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.
Albert Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” He also said that the math behind it is difficult and not very intuitive. It’s understandable that many people don’t quite understand the concept of compound interest fully. More importantly, do 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.