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…
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…
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…
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…
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…
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…
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….
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…
Investors love Dividend Stocks. They rely on them for their portfolio because they provide a guaranteed additional income. During the last recession (any recession really) your other available options for income, CD’s and Bonds, tanked. They were no longer the less risky investment option because their payout dropped. They dropped so low that investors are…
The American Dream is, “If we can dream it, we can do it”. Too often we take this mindset into stock trading and it fails us. When we read and hear success stories of the rich and famous it always includes their tales of how they never gave up. They followed their heart (emotions) and…