According to CNBC News, Americans should aim to have the amount equivalent to a full year’s salary in savings by age 30. By age 40, they recommend having up to three years’ salary tucked away. While these are the recommended values, the reality of the situation is much different. In fact, by 35, the average […]
Downsized And Retired: How To Save Money After Moving To An Apartment
October 2019 by Leave a Comment
Every day across the country, over 10,000 people reach the retirement age of 65. When you’re retired and living off of your savings, you’re well-aware of how important it is to balance your priorities and save money when you can. Fortunately, if you’ve already downsized from your home and moved into an apartment, you’re already […]
What is Financial Independence, Anyway?
February 2018 by Leave a Comment
Financial independence is a phrase that gets tossed around a lot in the personal finance world. Many people aren’t entirely sure what it means. This is especially true because the definition of the term can vary. This alone just adds to the confusion. To help you understand what financial independence is and how it may […]
You’re 18 years old? Start Investing Now.
November 2016 by 2 Comments
The great thing about being young is that you have your entire life ahead of you. However, most people will not begin to think about their future lives until they are 30, 40, or even older. It is not that difficult for anyone to be financially free by retirement. You just need to be committed […]
The Most Hated Investment In An IRA
July 2014 by Leave a Comment
Ugh…. ….when I was a financial advisor, there was one investment that always drove me crazy. it was frustrating for two reasons: – It had huge expenses (and, not-shockingly, high commissions to the person who recommended it). – The client rarely knew they had it and how it might actually be “good” in their IRA […]
Avoiding Obvious Retirement Planning (or lack of planning) Mistakes
March 2014 by Leave a Comment
There’s a big difference between wanting to retire early and actually retiring. Hey, everybody! I’m ready to join the party! I’ve been told by bossman that I’m now going to be writing here once a month. You ready? I certainly am. Rather than an extended post on who I am and what I’m about, let’s […]
Retirement Resolutions to Make in 2014
January 2014 by 1 Comment
This is a guest post. If interested in submitting a guest post please read our guest posting policy. With the start of a new year here, many people may be looking for ways to get their financial strategy on the right track. This can revolve around many things, but there could be a greater number of […]
Millennials, Are You Ready to Retire?
December 2013 by 3 Comments
I fall into the millenial category, those born between 1978-1988. I can honestly say, as I sit here nearing 30, I am NO where near on track for retirement. Hell, I still have almost 100k worth of debt to deal with first. Am I freaking out yet? No. Should I be? Maybe, but I’m not. […]
Don’t Hit The Panic Button! How Financial Woes Can Be Solved With A Second Set of Eyes
December 2013 by 1 Comment
Things are looking bad. Every turn you make with your accounts erupts in problems, and overdrafts. There is no feeling like failing financially. There are few things more burdensome. But there is hope, and the answer isn’t to make more money. The answer lies in understanding a few financial principles well, and executing them well.
Investing 101 | Put Compound Interest to Work
November 2013 by 1 Comment
Whether we understand compound interest or not, we will ALL hit those golden years and have a desire to quit the work force. The separating factor between those who continue to work and those who retire is that some planned for it and others did not. Those who planned probably heard about that mathematical magic […]
