10 Ways To Celebrate Your Retirement
The third act. Retirement has many names, but referencing it as a final climactic finish is fitting. Your retirement years represent the final stage of your life, a time to do everything you ever wanted. How will you spend your twilight years?1. TravelTravel is a popular choice among most retirees. People spend much of their […]
Social Security Benefits Increase in 2023 — What Does That Mean for Your Finances?
Anytime you receive more money every month, it can feel like winning the lottery — at least at first. The news that social security benefits are increasing in 2023 probably makes you very happy. But before you count your chickens, it’s smart to know the details. How much more can you expect every month?Why Are […]
6 Great Part-Time Jobs for Retirees
Retirement is not what it used to be for so many Americans. Despite dreams of traveling the world or wiling away your golden years in some exotic destination, your reality is likely quite different. As a result, many retirees find themselves in search of part-time employment to supplement their current income.Fortunately, many great jobs are […]
The Perfect Time To Draft a Will Is Now
If you’re like most people, you assume that wills are for the old, sick and wealthy. The truth is that everyone needs a will — yes, even the young and broke. Life is unpredictable, and you never know when something might happen that may render you incapacitated or prematurely end your life. Though a gloomy […]
Retirement: The Goal, the Myth, the Legend
For many people, retirement represents a lifelong goal. The idea of spending their “last act” free and doing as they please is enticing, if not romantic.Truthfully, retirement and the reality of it are changing. Retirement as part of the law has only been a concept since 1935 after the passing of the Social Security act. […]
The Relationship Between the Retired and Non-Retired Spouse
People often love the symmetry of a professional and personal partnership. Marriage often takes on this beautiful balance when both partners work; they wake together, eat together, entertain, adventure, and rest together. Their world seems right and fair. Unfortunately, as with most things in life, change is inevitable.When one spouse retires but the other continues […]
Retirement Savings and the Magic Age of 40
A comfortable and secure retirement depends on your savings habits earlier in life. The general understanding when it comes to saving for retirement is that the earlier you start, the better. However, life goals often get in the way, like getting married, buying a house, and traveling. While accomplishing alternative financial goals is part of […]
Retirement Accounts: 4 Tips To Avoid Withdrawal Mistakes
People look to retirement accounts for survival in their old age. Tapping into retirement savings or options too early can lead to significant problems in the future, but it can also cost you hundreds of thousands of dollars in potential gains. While prepping for retirement can prevent future years of stress, sometimes life happens, and you […]
How To Retire With More Than $1 Million
How much money do you need to live on when you retire? While the answer varies depending on whether you plan to live a quiet life in your paid-off house or travel the world and see the sights. Either way, however, you should aim to save about 80% of your preretirement income for each year […]
Why Benefits Packages Are Just as Important as Salary
One of the most important lessons I’ve learned after so many decades in business is that finding a job that makes you happy is everything. That $80,000 a year salary won’t seem so special if you feel exhausted every night, barely get to see your kids or have to come in to work when you’re […]