Posts Tagged ‘retirement planning’
Building Generational Wealth With Hard Assets : A five-step guide to build a stable source of income and long-term growth
Generational wealth is the idea of building wealth that can last for several generations, allowing you to create a legacy for your family and provide financial security for future generations. One of the most effective ways to build this type of wealth can be through investing in hard assets that hold their value – and…
Read MoreAs Volatility Increases, So Does Retirement Worry: Tips to combat banking failures, inflation, rate hikes and market corrections
Getting ready for retirement involves more than just calculating how much you will need and the rate you can draw down your savings. The years before you retire is a crucial time to prepare both financially and psychologically. Often – and unfortunately – many retirees underestimate their expenses, get bored without a daily grind and…
Read More12 Strategies to Generate Income in Retirement
When it comes to saving for retirement, maybe you’ve done everything right. You started early, maxed out your 401(k) plan, invested in a diversified portfolio and avoided costly mistakes, such as cashing out your retirement plan. Fantastic. But now comes the hard part: making sure you don’t outlive your money. That’s a tall order for…
Read MoreEleven Smart Moves to Make Your Money Last in Retirement
Financial advisers will tell you that the most telling — and risky — years of your retirement are the five before you leave the 9-to-5 world, and the five after you have forsaken a steady paycheck and learn to live on Social Security, perhaps a pension, and a lifetime of wealth accumulation through a retirement…
Read MoreReasons You Should Plan to Live Until You’re 95: Anchor your financial planning on how long your money needs to last
How long do you think you will live? How long does your money need to last? If you’re like most people, you get this age wrong. The consequence? Faulty retirement planning, overspending now and running out of money before you actually reach your true longevity. Or spending too little now, depriving yourself of a comfortable…
Read MoreRetirement Planning Does Not Stop in Retirement: Five easy pointers to help you plan during all of your retirement years
If you’re retired, you enjoy good news in that you’ll probably live longer and perhaps better that your parents and grandparents did. The bad news: You’ll live a longer and perhaps more expensive life, too. You face decisions your parents or grandparents likely didn’t face before you. This means every year you need to realistically…
Read MoreFacing Down the Fear of Running out of Money: Tips to avoid one of the biggest retirement worries that all of us will face
Retirement is a major milestone that brings many life changes. One thing that doesn’t change for most people: the fear of running out of money. In fact, one of the most frequently reported retirement worries is outliving savings and investments. And interestingly, this is a concern across all ages – many don’t think they’ve built…
Read MoreFive Keys to Authentic Retirement Happiness: The ability to enjoy our golden years is the same as the ability to be happy
People say things like, “When I retire, I am going to be happy,” or “When I don’t have to work anymore, I will be happy.” The truth is, if you don’t think you can be happy until you retire, you won’t be. One of the most recognizable cartoon characters is Snoopy. So much so that…
Read MorePlanning For Unexpected Costs Before You Retire: Your retirement planning needs to incorporate more than just investments
Your open heart and your destitute relatives can combine to threaten your retirement savings – savings you soon may need. Learn the true cost to your future before you write that well-intentioned check. If you’re close to joining the other side of 50, you have probably noticed already that patterns are emerging about how you…
Read MoreBoost Your Retirement with IRAs and 401(k)s
Remember, early planning puts time on your side Whether retirement is around the corner or decades away, there are more options than ever to help you plan for it. Let’s look at Individual Retirement Accounts (IRAs) and 401(k) plans, which offer tax benefits that can help you save for your future. Traditional IRAs Traditional IRAs…
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