According to a report by NerdWallet, in 2018 84% of people made financial resolutions. If you are among these planners, but haven’t quite achieved your goals, it’s not too late. And, it can even be relatively easy! September, October, November, December… You still have four months to achieve your 2018 money related resolutions! Here are…
Retirement Budget News, Information and Guidance
If you made it into the ranks of high income earners, you are probably going to be okay in retirement. If you are part of the working class, the news is not as great. The first victims of the income gap are beginning to retire and feeling financially secure in retirement will be difficult for…
Contrary to what many financial planners suggest, you can live on a lot less than 100% or even 80% of your pre-retirement income. In fact, a survey by T. Rowe Price of new retirees who have 401(k) account balances or rollover IRAs found that you can live comfortably on a lot less. The report suggests that nearly…
To gain financial independence for retirement, use the lessons of those who have retired early… like really early… The Big Takeaways… Financial independence can be achieved, but it’s about combining lifestyle ambitions with reasonable financial strategies. Financial independence comes with some sacrifice, so it’s important to consider the consequences before committing yourself to an early…
Scarcity can be a big problem in all kinds of situations, including retirement. You’re busy – probably more so than you’ve ever been. There are meetings to attend, important emails unread, and looming deadlines that seem more and more impossible with each passing day. You have absolutely no time to yourself, and you do everything…
You were probably a teenager when it happened – the moment when you opened your first paycheck and officially started the cycle of earning and spending your own money. Since then, the following process has never stopped: Work. Earn money. Spend some. Save some (hopefully)… Repeat. And now, just because you are ready to retire,…
One of the biggest fears you probably have about retirement is will your money last as long as you do. It is likely that you are also asking: How much can I spend? How much do I need? How much do I actually have? There are so many questions. Good news: the Stanford Center on…
In some ways, managing money in retirement gets a little easier than before. You only have the money you have, so your options are somewhat simpler and more limited. On the other hand, the rules of money management shift in retirement so it may seem more complicated to you. No matter whether you find it…
You’ve probably heard the standard money-saving advice: If you want to save money, eat out at restaurants less and cook at home more. But it’s almost as easy to blow your budget at the grocery store as it is when dining out. Stores use some crazy shopping tricks to make you buy more. You know…
Retirement income doesn’t just grow on trees… But you can make it grow! The Big Takeaways… Overall, average retirement income has increased in the past year, likely due to gains in the stock market and rising home prices. That being said, lowered interest rates have cut into the ability for retirees to save as much…
