In today’s article, the author shares a hack that he has taken advantage of to travel for free – a hack that has to do with special credit card rewards programs, which he argues most people do not get the most out of because they fail to realize what the biggest windfalls associated with these programs are. For more on…
It’s “the cornerstone of retirement planning” – yet in a recent study, 92% of the American adults surveyed either demonstrated a lack of understanding of it or couldn’t even define what it was! What is this retirement-planning cornerstone? Fixed-income investing – and one portfolio manager cited in today’s article warns that “The lack of knowledge about fixed-income investing is a…
Inflation may not seem like much of a concern right now, but the author of today’s article points out that periods in which inflation has been significantly higher than average have typically arrived without any advance warning. Given this, and considering the fact that, as he notes, “even average rates of inflation can take a large toll”, it’s worthwhile to…
While he acknowledges that it may seem like a trivial amount, the author of today’s article illustrates just how much of an impact 1% more can have on your earnings, savings, investing and, when combined, on your overall net worth. For more on the power of 1% more – including how you can go about getting that extra 1% in…
“In a world where interest rates are so low and uncertainty seems to be the norm, baby boomers need to look for stable dividend stocks that can compete with the current income of longer-term Treasury notes and bonds and for businesses that should grow to offer some capital appreciation over time as well,” notes the author of today’s article, who…
“Here’s a sobering thought: Much—and perhaps most—of the money you’ll accumulate for retirement will reflect the raw dollars you sock away and not the investment returns you earn,” begins the author of today’s article, who proceeds to outline some examples to illustrate this fact, as well as examine its implications. For more – including the “perverse conclusion” this leads the…
You may have a will in place, but what about a power of attorney, an advanced directive, or a financial plan? A recent survey found that few people actually use these tools that the author of today’s article argues “are so important for successful lives” – and which can ease financial and retirement worries. He proceeds to outline how to…
When it comes to the ultimate size of your retirement nest egg, the author of today’s article notes that “Calculating future savings requires numerous factors, including current age and predicted retirement age, any current assets, how the portfolio is invested and at what rate a person can realistically expect that money to grow.” And it’s this latter factor – the…
“Because the average retirement length in the country is 18 years, we can project that the typical retiree will need an $828,000 nest egg to pay the bills upon leaving the workforce,” notes the author of today’s article. But if you find that number daunting, he proceeds to outline the major expenses one can expect to encounter in retirement and…
There’s a consensus that Americans are not saving enough for retirement. But what are the obstacles – including the mental obstacles – that are preventing them from doing so? What can they do to save more for retirement (including those who are close to retirement but haven’t saved enough)? What’s the “wrong picture” many may have of the FIRE (Financial…