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.
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Does early retirement make sense for you?
Here’s how to figure out if you’re financially prepared to retire early.
Learn more here.
Why 8,000 Is The Most Important Number For Your Retirement Plan
Does the number 8,000 mean anything to you? Here’s what it has to do with retiring.
Learn more here.
When Is It Time to Cut Your Kids Off From Your Finances?
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
Social Security’s Full Retirement Age Will Rise in 2018
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
9 Ways to Build Wealth in Your 50s
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/
4 Post-Work Life Tips
How to have a long and healthy retirement:
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
The ‘Disgusting’ Financial Practice Tony Robbins Wants You to Watch Out For
It sounds simple enough: Make an investment adviser put the interests of his or her clients ahead of his own. But the rollout of the so-called fiduciary rule, approved by the Department of Labor during the Obama administration, continues to be delayed, as it faces fierce opposition from the financial industry. For author and business strategist Tony Robbins, this lack of regulation around investment advice can be “disgusting.”
Learn more about this disgusting financial practice here.
Test Your Retirement IQ
What’s the biggest threat to a comfortable retirement? Ignorance. The decisions you make leading up to retirement, including how much to save, how to allocate your investments, when to take Social Security and how to anticipate your retirement expenses can make a big difference in your old age.
And the decisions don’t stop on day one of your post-career life. Once you’re in retirement, you’ll need smart strategies for taking withdrawals and investing your resources so they last as long as you do.
So how well-versed are you on this critical subject of RETIREMENT? Take this quiz to find out.
When Will I Be Retirement Ready?
How do we know when we have enough for retirement? Given it’s National Save for Retirement Week, there’s no better time than now to take the mystery out of saving for retirement. The objective is that when you arrive at the golden years and find that they are truly golden- It’s called FINANCIAL FREEDOM. And it’s easier to get there with a little planning- even in your 20s- Because it’s closer than you think!
Click the here to learn when you will be “Retirement Ready.”
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