retire
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Coast FIRE: A Simplified Guide to Early Retirement Savings
The Coast FIRE movement is a new approach to retirement savings. Heres what you need to know about how it could affect your retirement plan. (iStock) There are many different strategies for retirement
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Mortgage Refinancing After Retirement: 4 Key Considerations
Refinancing your home once you’re retired can hinder your finances. (iStock) People who are planning to retire soon and have a mortgage with a higher interest rate should consider a number of factors
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Refinancing for Retirees: 4 Key Benefits in a Low-Rate Environment
Before you refinance your home as a retiree, make sure to run the numbers. (iStock) As mortgage interest rates continue to sit at a record low, more people are opting to refinance their current home l
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Refinancing for Early Retirement: Risks & Rewards
If youre planning to refinance and retire early, make sure you understand the consequences. (iStock) As you approaching your retirement, you likely have a lot of questions. As a homeowner, one of
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Emergency Cash Needed? Alternatives to Retirement Savings
Borrowing from your future may have lasting negative implications. (iStock) In October 2020, the unemployment rate fell to 6.9%, declining a percentage point from the previous month, and the number of
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Florida Retirement: Essential Insights for Midwest Snowbirds
Living in the Midwest (I’m based in Minneapolis) and having worked in financial planning for over two decades, I’ve seen countless “snowbirds” retire down South, with
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Retirement Planning Strategies for Those with $100K or Less - Over 50
Nearly half of baby boomers have no savings at all, according to a 2019 report from the Insured Retirement Institute. It's easy to fall behind on your savings, especially when you likely hav
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Medicare Premiums: What Retirees Need to Know for Next Year
For retirees, medical care is often a major expense. In fact, seniors could spend six figures just on healthcare alone during retirement, even when they're covered by Medicare. Taking c
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Retirement Fears Among High-Income Earners: 50% Worried They'll Never Retire
Falling short financially in retirement is a major concern among working Americans, and often, it's an issue that comes into play for lower earners who don't have the means to max out an IRA
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Retirement Debt Solutions: 3 Strategies for Seniors
Planning on retiring while tackling debt? Here are three ways that you can save money while still paying down your balances. (iStock) Have you saved for retirement but the bills keep piling up? Are yo
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Accelerate Retirement: Strategies for Early Mortgage Payoff
Protect your retirement finances by paying off your home early. (iStock) The last year will go down in the record books for many reasons. Financially, consumers have seen record low-interest rates fol
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50 & Financially Secure: Key Retirement Milestones to Achieve
Saving for retirement takes decades, and it's important to check on your progress every so often to make sure you're still on track. If you reach retirement age and suddenly realize you can&
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Social Security Retiree Stimulus Check: What's the Latest?
Lawmakers in Washington, D.C., have finally reached a tentative deal to authorize the issuance of a second coronavirus-related stimulus check to qualified recipients. This is follow-up legislation to
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Understanding Required Minimum Distributions (RMDs) in Retirement
The money in your retirement savings account generally can't sit there forever. Unless you have a Roth IRA, you're obligated to remove a portion of your account balance each year once you tu
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2021 Social Security Cost of Living Increase: What You Need to Know
Roughly 70 million Americans will be able to take advantage of Social Security benefits' 2021 cost-of-living increases, although one group says it won't be enough. The cost of
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Build Wealth While Managing Debt: 3 Proven Strategies
Don’t let debts hold you back from investing in your future. (iStock) Americans are dealing with unprecedented levels of debt. According to a study from Experian, U.S. consumers owe more than $14 tril
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Retirement & Savings Goals at 40: What You Should Have
By 40, you should have an emergency fund and a good amount of retirement savings stowed away. (iStock) By the time you hit age 40, you should have a decent amount of cash saved up — both for em
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Retirement Planning: How to Achieve Financial Security by Age 60
The sooner you begin the process, the easier it will be. (iStock) Preparing for retirement can be challenging because the amount of money you need to leave the workforce depends on your ability to sav
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Retirement Planning in 2021: 3 Essential Considerations
2020 was a devastating year for millions of Americans, local businesses and many industries. As we begin a new year, personal finances continue to be top of mind for many Americans – many of wh
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Retirement & Work: 3 Unexpected Challenges to Consider
There are plenty of good reasons to hold down a job in retirement. Not only can working provide extra income and thereby compensate for a lower retirement plan balance, but it can also serve as entert
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- Cliff Vesting Explained: How Employer Contributions Become Fully Yours
- Retirement Planning: A Stage-by-Stage Guide to Financial Security
- Create a Robust Investment Policy Statement (IPS) for Your Goals
- Social Security Myths Debunked: When to Claim for Maximum Benefits
- Equity Index Annuities: Understanding the Index Method & Returns
- Retirement Planning: 4 Common Assumptions That Could Derail Your Future
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Operating Lease Explained: Benefits & How They WorkAn operating lease is an agreement to use and operate an asset without the transfer of ownership. Common assetsTangible AssetsTangible assets are assets with a physical form and that hold value. Examp...
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Protect Your Credit: Understanding & Suing for False Credit ReportingThe Fair Credit Reporting Act (FCPA), regulated by the Federal Trade Commission (FTC), requires that all parties reporting to a credit bureau must provide accurate information. If a company or individ...
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Mortgage Refinancing: Understand the Benefits & ProcessIf you’re like the majority of homeowners in the U.S., you make your mortgage payment monthly, with the idea that someday you’ll own your home outright. As you continue to pay off your to...
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Fundamental Analysis of Stocks: A Comprehensive GuideWhen you’re working with investments and trying to make sound decisions, it’s best to use hard data and publicly available information instead of relying on subjective feelings like your ...