How the World’s Oldest People Make Their Money Last
What we can learn from centenarians in Costa Rica’s Nicoya Peninsula:
Wondering how to make the most of your retirement savings? Here are a few tips from some of the world’s oldest people.
Wondering how to make the most of your retirement savings? Here are a few tips from some of the world’s oldest people.
Here’s how to figure out if you’re financially prepared to retire early.
Learn more here.
Does the number 8,000 mean anything to you? Here’s what it has to do with retiring.
Learn more here.
Are your adult children still relying on you financially? Here’s how to help them find independence.
Just because your kids have moved out of the house doesn’t mean they’re out of your financial life. Six out of 10 (61 percent) parents with at least one adult child over 18 said they provided them financial help, according to a Pew Research Center survey.
But, eventually, empty nesters face the delicate job of shifting the bill-paying burden to their grown children. Covering your kids’ cellphone bill, car payments, credit cards and other monthly costs can’t last forever. Doing away with those bills, if possible, is a budget-friendly move.
Learn how here.
When do retirees typically spend the most money (and what are they spending it on)?
How much you spend will have a big impact on how well you live in retirement, according to new research from J.P. Morgan.
Learn more here.
Investing is the most important element of our financial future. Tony Robbins and Clark Howard recommend that people who have yet to invest in the stock market should ‘get in the game.’ Experts believe the financial market is still ‘winnable’. We agree. Don’t wait to invest. Get started with whatever you have.
You can put off some small things in life without consequence, but when it comes to investing, sticking your head in the sand simply won’t cut it. If you don’t know how to start investing, when to start investing or why you should invest, now’s the time to learn. The sooner you get started, the more time and interest can help grow your money.
To learn more click here.
Deciding when to let your children stand on their own can be tough, especially when they’re contending with student loans, underpaying jobs, or sky-high rents. But easing your kid’s entry into adulthood could be undermining your own financial security.
According to a December survey from CreditCards.com, three-quarters of parents are providing financial support for their adult kids.
But at a time when the majority of Americans haven’t socked away nearly enough for retirement—the median retirement savings for all working families in the US is just $5,000, according to the Economic Policy Institute—it makes sense to do a little less for our offspring, so we can think a little more about ourselves.
So, how do you figure out when and how to cut your kids off financially? Learn more below.
Source: https://www.thebalance.com/when-to-cut-your-kids-off-from-your-finances
The arrival of 2018 will bring with it several changes on the Social Security front.
This slow increase in the full retirement age presents a challenge now that Americans are living longer and saving less. If Social Security is important in your life — or the life of someone you love — you should know about some key changes that will be made to the program coming in 2018. Click below to learn more.
Source: http://clark.com/personal-finance-credit/social-security-full-retirement-age-rising-to-67
Midlife is filled with challenges and opportunities. Yes, you might be in the thick of paying for college, but soon all those other costs that come with kids should be behind you—or so you hope. You’re also likely in your peak earning years and when you’re making the most is also when you should squirrel away the most.
Some 40% of successful savers—those who built nest eggs equivalent to 10 times pay—did so by saving 15% or more of their incomes for at least 10 years. Here’s how…
Source: http:http://time.com/money/collection-post/3629348/money-moves-for-your-50s/
It’s a time when we’re supposed to find happiness, but post-work life is often associated with severe health problems. Below are some tips to help you live long and prosper.
Source: https://www.theguardian.com/lifeandstyle/2017/may/15/how-to-have-long-and-healthy-retirement
Horizons Wealth Management provides Fee-Only financial services customized to meet each client’s unique needs. The result is unbiased financial advice from professionals who are committed to acting as a fiduciary in a client-centered relationship. We analyze all aspects of your finances to design a roadmap to help you reach your financial goals and provide you with peace of mind.
82 Patton Ave., Suite 206
Asheville, NC 28801
828.337.9395
220 North Main Street, Suite 500
Greenville, SC 29601
864.516.7501