If you’re able to easily determine your own retirement date, be thankful that circumstances haven’t led to that date having to change. Also, be aware that determining when to retire isn’t a simple choice. Are you sure you’re emotionally ready? You don’t want to end up regretting retiring earlier, or later, than you should’ve. Running […]
Are you Ready to Retire? Read More »
Do you know what FIRE is? FIRE, in financial terms, stands for “Financial Independence, Retire Early.” The goal of FIRE is to save or invest enough of your money that you can retire earlier than traditional retirement plans would permit. Essentially, you need to keep your expenses low so that you can afford to save
Financial Independence, Retire Early Read More »
“More than a quarter of all workers say COVID has prompted them to move up their retirement date,” finds a survey released in February, by the National Institute for Retirement Security. One study even suggested that nearly 2 million older workers have left the labor force for good since the start of the pandemic. The
Will You Have to Retire Early? Read More »
Many consumers have little understanding of the long-term problems that poor financial decisions can create. One of the key reasons that many Americans struggle with making the right decisions when saving and investing is a lack of financial understanding. Financial literacy is becoming increasingly important as more and more people manage their own retirement accounts,
Financial Literacy Read More »
Most Americans haven’t saved enough for retirement. A recent article on Yahoo Money states “1 in 4 have no retirement savings.” Clearly $0 in retirement savings is not enough, so just how much is “enough”? How do you know how much you should be saving in order to reach your retirement goal? How will inflation
How Much Is Enough? Read More »
We can all agree that the pandemic created many unexpected events in each of our lives, and we’ve all had to figure out how to adapt. That means now is a good time to review how your needs may have changed, and if those changes have impacted the financial goals you previously set for yourself
How Well Did You Adapt? Read More »
If you have ever wondered why saving for retirement feels so difficult, this week’s article may be helpful to you. The article explains, “Psychology is often just as important in personal finance as are the numbers – the way we save, spend and invest are all influenced by the way we think and feel, especially
The Psychology of Saving for Retirement Read More »
While you may know that you cannot avoid risk in your life, you can prepare for it with your retirement strategies. Depending on your stage in life, there are specific risks you may want to think about and incorporate into your planning. We read about three key retirement concerns and the evolving needs and risks
Avoiding Risk With Your Retirement Strategies Read More »
Sometimes when we think of our later years in retirement, we forget to reflect on what savings we will need beyond the monthly costs of healthcare, rent, food, etc. at an independent living facility. We need to remember to consider the larger sum of money needed to “buy in” to long-term care. This week’s article
Independent Living Read More »
“If you want to retire in 10 years it might be possible. But it’ll require some work.” The opening sentence of this week’s article caught my eye as getting finances in order now to meet goals later on takes planning. We are aware of some options that not only can provide you income to retire
Retire In 10 Years Read More »
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