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.
Posts
Does early retirement make sense for you?
Here’s how to figure out if you’re financially prepared to retire early.
Learn more here.
How to wean grown kids off your payroll, freeing up more retirement cash
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.
These surprising spending truths could upend your retirement
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.
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
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.
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.
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.”
CONNECT WITH US
Affiliations
