According to the Department of Labor, only about 40% of Americans have calculated how much money they’ll need to save for retirement. Retirement is an important goal for most workers. We all want to be financially stable, especially as we get older and can no longer work. But most people have no idea where to…
Retiring is one of the most exciting, stressful, and even scary things that a person has to prepare for in life. Retirement is a happy time in a senior’s life, however, there is a lot of planning that must be done in order to make sure that senior lives comfortably for the remainder of his…
Thinking about retiring can be overwhelming and can make seniors feel anxious, especially if they have just started to plan their retirement. To avoid becoming completely overwhelmed and stressed out, seniors should talk to a financial planner and research to find out what to ask and think about before talking to their advisor. If you…
If you have a simplified employee pension individual retirement account (SEP IRA) then you can avoid having to pay some of the associated taxes in retirement by converting it into a ROTH IRA. It doesn’t matter whether the pension account in question was set up by you or your employer – you are free to…
It might feel as though we have umpteen financial burdens in our younger days – but in reality, it’s only the tip of the iceberg. Trying to collect enough money to go on your weekly night out is nothing compared to the difficulties that you can face when it comes to saving for a house…
Unsurprisingly, when we enter the world of work, retirement isn’t really something we consider. In fact, during those early days where our salary is low, some of us may even neglect to think about a pension. As time progresses, these viewpoints inevitably change. We start to appreciate that we will need to look after ourselves…
Transitioning from work to retirement can be challenging. Even though work may have been stressful, it provides you with a routine, steady income and a sense of purpose. When there is no longer somewhere to go every day for at least eight hours, some people struggle to enjoy their new life. However, there are ways…
Even the world’s most successful investors had to start somewhere. However, it’s just not possible to invest anything unless you have some disposable income to put to work. In this article, we show small ways you can make changes to your mindset and the way you go about spending money so that you have more…
