With banks and bonds paying next to nothing in the way of interest on savings, more retirees are wondering if they should use their retirement savings to invest in real estate. These seniors are wondering if they should use their $1 million in retirement savings to invest in an income-producing property. There are some risks, [...]
When you’re preparing for retirement, one of the many things people think about is retirement savings. You’ve worked hard and invested for retirement, but you want to help ensure your money lasts as long as you need it. One way some people extend the life of their savings during retirement is to plan their distributions [...]
In certain situations, it’s clear who to call when there’s a problem you can’t solve. When a pipe breaks in your home, you call a plumber. When your car breaks down, you call a mechanic. When your pet is sick, you call the veterinarian. But what if you’re trying to determine how to invest your [...]
In a world bombarded with investing advice, it can be tough to figure out which individual retirement account (IRA) is right for you. Ideally, you want to begin investing for retirement as soon as you start earning an income. While many young adults may think there’s no need to rush into funding a retirement account [...]
“Don’t believe anything you hear and only half of what you see.” I remember hearing that from my mom when I was growing up, and it still serves me well today. Some of the things you might have heard or read about Social Security may not be true. Here are five Social Security myths you [...]
If you’re approaching your golden years, how confident are you that you can live comfortably? If you’re worried that you might outlive your money, you have plenty of company—43 percent of retirees aren’t entirely sure they’re financially prepared, according to the Employee Benefit Research Institute. Thankfully, you don’t have to lie awake worrying about it. [...]
Planning for the worst while hoping for the best is essential for successful retirement planning. In addition to your retirement savings, it’s important to create an emergency fund that you can tap if you face a financial emergency now or in retirement. Retirement tips: How to build an emergency fund Nobody plans on a financial [...]
