A new job can bring a lot of new opportunities, including the choice of a brand new home for your old 401(k) investment. When you move from one place of employment to another, you’ll probably want to at least give some careful thought to taking the funds in your old 401(k) plan with you. You…
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Retirement doesn’t mean what it used to, at least not for everyone. There was a time when leaving work meant winding down for good. Now, it’s often just the beginning of a whole new life phase, one where you can learn new things, put established skills to work, and supplement your retirement income in a…
When it comes to choosing a place to retire, a lot of people nearing retirement age gravitate towards Arizona, Florida, and the Carolinas. Natural choices, granted, but perhaps it’s time to think outside the box just a little and consider the Lone Star State. That’s right, the second largest and second most populous state in…
Joshua Rodriguez, partner at CNA Finance, says the most common question he gets about retirement is, “When is the best time to start investing?” “The best answer I can give to that is the first day you get an allowance from your parents; so, if you haven’t started already…you’re a bit late!” he says. On…
Jacob and Vanessa Lumby might be young, but they’ve already figured out some pretty wise methods for saving for retirement: Being frugal. Saving first and being a consumer second. Evaluating each purchase in light of financial freedom and other long-term goals. Two years ago, the pair started their blog, Cash Cow Couple, which focused on…
Deborah McLean of Maine Senior Guide understands that retirement planning can be difficult. With the Maine Senior Guide, retirees have the option of examining multiple options pertaining to retirement benefits, healthcare, senior communities, and a host of other issues relating to one’s retirement years. In this interview, McLean discusses the benefits of the Maine Senior…
Planning for retirement has changed a lot in the last 20 years, and it is safe to assume that it will be nearly unrecognizable in another two decades. When you’re already struggling to keep up with life, how can you expect to keep up with all the changes with retirement plans, let alone understand them?…
We asked financial advisor Ryan Monette what the biggest mistakes Americans make when saving for their retirement were, and he told us it’s listening to whoever said to save 8 percent to 10 percent of your wages right away. He’s joking a little. Saving something is better than saving nothing, of course. But Ryan doesn’t…
Old or young, it’s never too late or too early to prepare for the future, or just to practice healthy financial habits – to have more while spending less. Deacon Hayes and his wife were drowning in debt. They set out to learn how successful people handled their money and discovered they were doing it…
Working with a credit counselor is something people of all ages can benefit from. These trained professionals help individuals reduce debt, save more, and reach financial goals. Lauralynn Schueckler of Advantage Credit Counseling Service understands that money worries are a common occurrence in individuals just starting out and in retirees, but she knows that credit…
