What Are You Actually Saving for in Retirement?

Here’s a question that, if you’re creeping closer to “retirement age”, you might want to ask yourself; what exactly are you saving for?

Think about it for a moment; the fact that you need to be saving money for your eventual retirement isn’t exactly “breaking news” but, according to William Bernstein, one of the cofounders of the investment management firm Efficient Frontier Advisors, knowing exactly what you’re going to do once you stop working, and how you’ll spend your time during your retirement, is vital to your actual happiness during that time.

He was recently featured in an article in a Wall Street Journal and quoted as saying that “golf is not a plan.” What he means by that is that many people go into retirement thinking that they’ll do “whatever they want” and spend their time leisurely milling about the golf club, tending to their gardens are doing other things that they believe are “relaxing” and enjoyable.

Indeed, for many people that might be completely true but, for quite a few others, it’s not.  Not even close.

Bernstein has a formula for retirement that goes something like this; Retirement Happiness = (how much you like your job) X (how much you want to do something else).

In his opinion, in order to be happy during retirement both of those factors have to be counted. For example, if you love your job then that factor is zero. If you don’t have any clue as to what you’ll be doing every single day after you stop working completely, the other factor goes to zero as well. And, as the song goes, nothing from nothing leaves nothing.

Now, to be sure, there is no discounting the role that a hefty retirement savings account has in the “happiness equation”. There’s nothing less thrilling than having to struggle every month just to pay your basic bills and that’s why it’s vitally important to lay the groundwork for a healthy “nest egg” while you’re still young, strong and able to work. Face it, if you can’t afford to leave your job then the question of retirement becomes a moot point.

Still, as Bernstein argues, your happiness during retirement is a lot more than just a healthy balance in your retirement savings account. If you are extremely happy with what you’re doing now in your career and you don’t know what you’d do every day if you weren’t working, you probably aren’t ready to retire just yet. Not only that but, if you do, chances are you will be unhappy about it.

So again, as you near retirement ask yourself this question; what exactly are you saving for?

Changing Your Name? Chat with the SSA

If you’ve recently gotten married, congratulations! We wish you a lot of luck in your new life together. Now, it’s time to check your credit report and change your name with the Social Security Administration.

The reason is simple; Credit bureaus receive their information about all consumers from two places, the Social Security Administration and creditors.  The SSA a will help them verify your identity and your credit activity will be reported by your creditors.

If you’ve recently been married and had your name legally changed, contacting the Social Security Administration is one of the first things you should do after you get back from your honeymoon. What they will do, among other things, is change the name on your Social Security card so that your new name and your old number are matched. This, in most cases, will update your name on your credit report automatically.

In some cases however, it won’t,  and your hard earned credit history might possibly will be split into another, separate file that robs you of that history. Normally your name will appear in its new form on your credit report and your previous name, or names, will also be listed there as one of your “aliases”.

Of course even if all of that is correct, you’ll want to make sure that your new name is listed correctly with all of the major credit bureaus. You want to also make sure that they have it spelled correctly and, by asking for your three credit reports from the “Big 3” credit agencies (Experian, Trans Union and Equifax) you’ll be able to do just that. (You get a free copy of each of them once a year.)

Checking your credit report and checking in with the SSA is not only a good idea after you’ve been married but also after you’ve changed your name for any other reason and even after you’ve just got divorced (if you’re planning on switching back to your maiden name).

In short, any time you change your name legally you’ll want to make sure that the federal government and credit bureaus recognize that this “new person” is still the same old you.

You can request a copy of your 3 reports from Experian, Trans Union and Equifax once a year for free at annualcreditreport.com.  If you see that there’s been a mistake, there is missing activity or your name is  misspelled, you’ll need to dispute those mistakes and make sure  that they make the necessary changes.

And again, congratulations!


Hot To Spot a Potentially Profitable Binary Option Trade

The following is a guest post

Apart from having some form of magical crystal ball there are several different ways that you can spot in advance a potentially profitable Binary Option Trade, and this usually comes with experience and a little knowhow. Have a look through the following guide for it will give you many individual pointers in regards to how you may be able to spot an emerging and growing Binary Option Trade to place and make!

If you are looking for list of Binary options brokers website have a look at this website to view the list of brokers.

Follow the Trend

One thing that can be systematic of a potentially profitable trade is when you notice very high volumes of stock changing hands and being snapped up, and as such when trading Asset based Binary Options do keep one eye on the markets as any sudden large volume share trades can become a potential instant profit if you spot them and purchase the relevant Asset based Binary Option!

Up Coming Elections

When a new political party takes the helm of a country then many of their beliefs and changes they plan will often instant affect the share price of the companies shares their new rules are about to change or even change the value of that country’s currency is one way or another, so if an election is about to take place in any country study what changes the most likely winner of that elections plans on making and place your Binary Option trades accordingly.

Change of CEO

The changing of any companies CEO is always going to have an effect, in one way or another in regards to the share value of that company, another way you can benefit from any such change is by looking at the principals that the new CEO holds dear to themselves and reacting in case those principals will affect the share price in either a good or bad way!

Company Failures

As has happened recently the failure of a Bitcoin trading site had an instant effect on the price of gold with many people opting to ditch the Bitcoins and rapidly snap up Gold bullion, so another way to spot a potentially profitable trade is to ensure your finger is on the pulse in regards to the latest and up to the minute breaking business news, you do need to be in a position to react as soon as the news breaks!

Long Term Outlook

If you are prepared to wait for your Binary Option trades then having a well thought out long term strategy is another way to lock in profits and by holding onto your Binary Options for longer periods of times could result in any long term market movements that you predicted actually bearing fruit!

Five Ways To Get Out Of Debt

The following is a guest post

If you’re in debt, then your first priority should be to get out of it. However, there are many different methods that you can use to work your way into the black. The methods that work for you will depend on your level of debt and the way you handle it.


There are two different ways to DIYing your way out of debt, the snowball and the avalanche. Both include making minimum payments on all your debts except the one you are targeting. The snowball method means that you pay off the smallest debt first and work your way up, and the avalanche method works by paying off the debt with the highest interest rate first. Once the first debt is paid off, you apply the payment to the next debt, and so on. If you don’t have to take on any more debt, then this method is perfect for you.


Consolidation means getting a loan to pay off all your debts. This means that you will then only have to pay one debt, albeit a big one. It will work if you don’t take out a loan that’s worth anymore than your debts, you can get a good interest rate, and you aim to pay off your debt in around three years. You can consolidate with a 0% balance transfer credit card, or a personal loan like the ones from 1st Stop. If you go with a credit card, however, don’t be tempted into running up new debt.

Credit Counselling

If you go to a credit counselling organisation, they will be able to help you organise a debt management plan to help you get out of debt faster. If you get a DMP, your creditors will reduce your interest rates, and you’ll pay the organisation, who will then pay each of your lenders.

Debt Settlement

If you’re dealing with significant debt that you really foresee trouble with, you could try and negotiate settlements. If you’re successful, your creditors agree to take less than the balance that you owe. If you are able to pay a significant about of your debt up front, perhaps a loan from a family member, then your creditors are more likely to lower your debt and make it easier for you to pay it off. #


Filing for bankruptcy effectively means eliminating most of your debt. However, it isn’t suitable for everyone, so you should talk to a qualified bankruptcy lawyer to see whether it is suitable.