One of the biggest challenges to the average consumer in the United States is building wealth, especially with so many people living “paycheck to paycheck”. The problem is that very few consumers today have specific financial goals and objectives and many, by the time the end of ... Read more...
Considering retiring overseas? You’d better answer these 4 questions first
The pull of retiring overseas can be a big one. Living costs can be much cheaper and the beaches much more beautiful, among other things. There are 4 questions however that you definitely need to ask, and answer, before taking the plunge and leaving the good old US of A for good. ... Read more...
Heading Into Retirement? Don’t Make These Real Estate Mistakes
The average American consumer that’s going into retirement usually makes some type of real estate decision, whether it’s to downsize to a smaller home, relocate to another state or renovate their home so that it’s more accessible. Unfortunately, there are several mistakes that ... Read more...
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, ... Read more...
Do 401(k)s Suck?
Last week while I was researching another article, I came across this piece on Slate. The title of the article, "It's a 401(k) World, And It Sucks," immediately caught my eye. I've long been skeptical of the 401(k), so I was intruiged to see what the author's arguments against it ... Read more...
Ramping Up Retirement Savings In Your Twenties
Today I'm so excited to share the following guest post from the wonderful Amelia over at NerdWallet. I met Amelia at FinCon12 and let me tell you - this girl knows her stuff! Enjoy! The simple fact is that it is never too early to start retirement planning. For young ... Read more...
How Do You Feel About Being Forced To Save For Retirement?
It's no secret that the United States is facing a retirement savings crisis. In short, people are simply not saving enough. Scary retirement statistics pop up in headlines every day, but to me this is the scariest of all: over half of all Americans aren't saving anything at all ... Read more...
Follow Up: If Your Goal is Early Retirement, You Have the Wrong Goal
On Monday, I tried to spark a controversy about whether or not early retirement is the right goal to be pursuing. I'm sure that the statement itself revealed my sentiments about the matter, but in case it didn't: I think that people who have the goal of retiring early have the ... Read more...
If Your Goal is Early Retirement, You Have the Wrong Goal
Discuss. At the end of the week I'm going to write a long post detailing my thoughts on this issue, incorporating your comments and ideas. So weigh in! Let's get a good dialogue going this ... Read more...
I’m Vested
As of exactly one week ago, I'm vested in my pension. From what I understand, this means that, if I were to quit my job today, I could draw $2,284 per month, every month, for the rest of my life, once I reach retirement age - for me, this is age 52. Actually, at this point, ... Read more...