Think about your retirement goals and age when choosing investments in your 401(k) plan. Saving for retirement in a 401(k) plan provides tax advantages that can be helpful as you plan the future. Some employers match the contributions you make, up to a certain amount or based on other criteria, which enables your funds to grow further. The challenge …
Retiring early might seem like an impossible financial goal. But with the right plan in place, it can be done. Financial Independence Retire Early – or FIRE – is a method of living below your means to obtain financial independence and security as early as possible. “The mentality behind the movement is where one strives …
You might be able to retire earlier than you think. Here’s how Read More »
They don’t call the beginning phase of retirement the go-go days for nothing. In the early years, retirees often spend more freely, checking off bucket-list items like vacation homes, antique cars and expensive toys. But for many older adults, it isn’t long before buyer’s remorse sets in.
Retirement isn’t what it used to be. Whether due to a change in the workplace, a shift in priorities, or the ongoing pandemic, employees are no longer waiting until 65 to retire. By the third quarter of 2021, 50% of adults aged 55 and over had retired from the labor force, according to data from Pew …
More employees are retiring before 65. Are they financially prepared? Read More »
Getting consistent and quality sleep is necessary for your mind and body to recharge. Sleep deprivation can affect your physical and mental well-being and it may even hurt your career and finances in the long run. In the U.S., sleep issues are common. Millions of adults experience various disorders, including insomnia. Discover why getting a …
There are a few universal truths in investing. It’s always good to buy low and sell high, for example, and there’s no such thing as guaranteed returns. A whole lot else, however, is subjective depending on how old you are, what your goals are and how long you have until retirement.
With a little discipline and a plan in place, paying off your debt is entirely possible. A 2021 report found that the average American has $90,460 in debt. Between paying off college loans and tackling the financial impact of unplanned emergencies, lingering medical bills, personal loans, credit-card balances, mortgage payments, and beyond, many people are financially …
