If you’re someone who is approaching retirement, your thoughts are probably consumed with the amount of free time that’s just around the corner. By now, hopefully, you’ve looked at your finances, created a plan, and are set to eventually enjoy the fruits of many decades of labor. You’ve been diligent and have saved throughout the …
The Chances of your Social Security Being Taxed is Greater Than Ever Before Read More »
Unless you’ve been hiding from all things money, you’ve probably heard that you should be investing. But how do you begin investing when you’re new? Although this has probably been drilled in over and over that you must invest, there is usually no one there to hold your hand while you take that first step. …
How you equip for your retirement today will oftentimes dictate your future financial well-being. Preparing today will help determine your future comfort. But once you’ve accumulated a decent nest egg, what’s the best way to access those retirement funds to make them last? Well, many propose trying the bucket strategy to maximize your investments to …
The other day an emergency room nurse told me that she had to pull money from her 403(b) fund to buy appliances. She had recently had a significant power surge due to an electrical outage that fried the circuits of her refrigerator, stove, and microwave. She’s never truly felt (until now) the importance of having …
One Example of Why an Emergency Fund is Essential Read More »
In the world of finance and investing there are plenty of gurus out there who will sell you all kinds of advice. I’ve seen it all and I’m sure you have too. There are the day traders who promise you can make a living sitting in your living room trading two hours a day. You’ll …
A Secret to Financial Success: Automate Everything Read More »
Do you remember those old television shows that gave contestants the opportunity to choose what was behind door #1 or door #2? Of course, in these shows, there was a lot of build-up about the choice. With one choice you could potentially have something of great value or something that was a bit of a …
Opportunity Costs and Why They’re Important To You Read More »
In life, we’re often told that we need plans. Plans for our careers, our family, and our future. But many of us fail to think of our money needing this same careful planning. As a result, we often suffer financially, often when we don’t really need to. So, it’s important to have solid written financial …
Six Steps To Create A Written Financial Plan For A Better Life Read More »
Many people think they’re wealthy by the amount of money they make per year. They believe that a successful career or having lots of expensive vehicles next to a fancy house makes them rich. But if you want to figure out how wealthy you really are, you have to calculate something else. The measure of …
This Is The True Measure Of Wealth: Your Net Worth Read More »
When it comes to money, everybody seems to want it. They talk and dream about it. People often imagine a life with plenty to go around. Heck, they even play the lotto and try their hand at gambling. They throw their hard-earned cash to a myriad of programs out there that promise an easy windfall. …
Your Beliefs Affect Your Finances: Seven Ways To Improve Read More »
There are a lot of opinions out there about how much you can pull out of retirement and not run out of money before you die. One of those popular ideas that govern how much you can pull out safely is the 4% rule. Meaning, you can only withdraw 4% of your assets each year, …
