What if You Haven’t Saved Enough for Retirement?
When you first begin your career as a young adult, retirement seems far away and not tangible enough to worry about. You start contributing to accounts, but you may not think about it beyond that. Then later, no matter how much you’ve saved and how early you’ve started, the worry kicks in. Did I do […]
Planning for Your Retirement Income Needs
For many people, the dream of a retirement rich with financial comforts has become overshadowed by financial stress and anxiety. People are living longer, making it harder to ensure you don’t run out of money during your retirement. Having the resources needed to live the kind of life you envision during retirement is totally possible. With […]
How Much Money Do You Need to Live Comfortably?
How much money do you need? How much per year? How much per month? What is a comfortable life and how much money do you need to get there? These are big questions you may find yourself asking when you are looking at your family’s finances. You may feel like you bring in a good […]
Traditional Retirement Plans Can Leave Much to be Desired
You are putting money away for your retirement every month, and you may feel proud of yourself for thinking of your future. But if you are just blindly adding money to an IRA, 401K, or other accounts without thinking of how that money will work for you during your retirement, you may not be as prepared […]
Student Loans and Their Effect of Retirement Savings
Should paying off your student loans take priority, or should saving for retirement be your focus? Saving for retirement and paying off your student loans are equally important. You know that your debt has an impact on your retirement savings, but you may be struggling with how to balance both. What would happen if you hold off […]
How Debt Will Affect Your Retirement
When you are approaching your retirement years, you may be focused on how much you have saved, and not how much you have in debt. But carrying debt into retirement can have a significant impact on your retirement lifestyle. Without a steady income stream from your job, you will be relying on the retirement income that […]
8 Things Financially Successful People Have in Common
Financially successful people are proactive with their finances, meaning they are aware of their specific goals and take deliberate action toward meeting those goals. While it may seem at first glance that financially successful people are just lucky, financial success has little to do with luck. What works best is positive habits and small, continuous […]
Steps to Take When Financially Securing Your Retirement
If you’re planning on retiring within the next ten years, you likely have a mix of emotions from relief and excitement to apprehension and worry about whether you’ll be financially ready when the time comes. Fortunately, there are some retirement income planning steps you can take to ensure a happier and more stress-free retirement.
Is it Worth it to Start Investing Your Money After Age 50?
While it is always smart to start investing as early as possible, there are still plenty of advantages to investing at any point leading up to retirement. Retirement income planning can be stressful, especially if you have turned 50 and don’t think that you’ve done enough. That fear can cause many to panic about investments, but investing […]
Financial Mistakes to Avoid When You’re Close to Retirement
As you approach the retirement years, you may start to question how prepared you really are. Do you know how much retirement income you will need? Are you on the right track? Do you understand your 401(k), IRA, and other retirement accounts? Do you understand your Social Security benefits? Although you still have time to prepare, save, […]