Retirement is a time for many to take a break from their working years and relax, but you can use the time to begin to build wealth for the next generation. As a retiree, you can create a plan for your financial future and pass along your wealth and knowledge to your loved ones.
Tag: investing
Five Things To Do With Your Money If You’re Retiring In Five Years
With economic uncertainty looming and the risk of a recession on the horizon, it’s critical to start planning for retirement now. It’s important to have a strong financial plan that can withstand any economic storm. Understanding and acting on your financial priorities might help you minimize stress and gain more control over your future.
How to Know When to Look for New Financial Advisor
Choosing the right financial advisor is crucial for your financial success, and knowing when it’s time to switch advisors is equally as essential. Here are some key signs that you need a new financial advisor and what to look for when searching for a new one.
Here Are The Seven Most Common Retirement Traps And How To Avoid Them
An individual’s retirement planning is an important aspect of their financial journey, requiring careful consideration and planning. Without proper planning, individuals may fall into retirement traps that can negatively impact their financial stability in the future. These traps can range from insufficient retirement savings to poor investment choices, inadequate estate planning, and underestimating retirement expenses.
Make Retirement Tax-Free with Roth Accounts
Whether you’ve already done filing your taxes or have yet to start, the impending deadline has reminded you how much you despise doing it every year. To recover back money that was rightfully yours, to begin with, you have to endure frustrating questions, tedious math, and a great deal of effort, and that’s in the best-case scenario.
Retirement Savings Reveal a Gap Between Men and Women
When it comes to retirement savings, studies have shown that there are differences in the amounts saved between men and women. In general, men tend to save more than women for retirement. The reasons for this discrepancy are complex and multifaceted, and various social, economic, and psychological factors influence them.
Maximize Your Social Security Benefits: 4 strategies to help you bankroll your retirement.
Over 66 million Americans rely heavily on Social Security to meet their daily and monthly financial obligations once they have retired or are nearing the end of their working lives. Here are four ways to maximize your Social Security benefits and ensure a comfortable retirement income.
The Reasons Why a 1 Million 401(k) Isn’t Foolproof
According to a recent survey by Fidelity, the number of 401k millionaires has decreased by 32% over the past year. In an era where pensions are vanishing, a 401(k) is most employees’ primary retirement security source.
The Surprisingly Straightforward Solution to America’s Retirement Problem
Among all the policy levers we can pull to help address the retirement issue in the United States, the most effective may be astonishingly straightforward. According to a stunning new study, merely speaking with a financial counselor may be enough to increase people’s savings rates significantly.
Great News, Your Roadmap For Retirement Recovery Is Here
Most people are playing catch-up. The bear market is to blame for last year’s losses, which caused account balances to decrease, particularly in the first half of 2022. The good news? In the game of retirement savings, the time does not run out, unlike in NFL football. Comebacks are feasible, provided the proper strategy is employed and adhered to. The strategy used is known as a recovery plan.
