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.
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
How Much Money You Need To Save Each Day To Become A Millionaire By Age 65
Becoming rich is nothing more than a matter of committing and sticking to a systematic savings and investment plan.
If you want to get rich, start investing- and start as early as you possibly can.
To illustrate the simplicity of building wealth over time, Bach created a chart detailing how much money you need to set aside each day, month, or year in order to have $1 million saved by the time you’re 65.
Next time you consider running to Starbucks for a $4 latte, think about this chart and consider redirecting that coffee cash to your savings. Check it out here.
Your Kids Are Ruining Your Retirement
More than a third of millennials receive financial support from their parents. New studies show that many boomers are risking ruining their retirement to subsidize their adult children, which is scary as they live longer and will need more savings. Making personal sacrifices for the good of your children is good parenting. But there are limits, and financial advisors agree that your retirement should not be on the table.
Learn More here.
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