mistakes you cannot make in the volatile stock market

5 Mistakes You Cannot Make in the Volatile Stock Market: Part 2

In yesterday’s blog, we discussed the first three in our series of mistakes you cannot make in the volatile stock market: burying your head in the sand, always following the crowd and ignoring the experts. Each of these mistakes could lead you down a path of losing the money that will support you in retirement. By having the foresight to know what to avoid, you can prevent yourself from making costly mistakes—and secure the money you need to live the retirement you deserve. Here, we’ll look at the last two in our series of mistakes you cannot make in the volatile stock market.

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volatile stock market

5 Mistakes You Cannot Make in the Volatile Stock Market: Part 1

Riding the ups and downs of the stock market is a game that the majority of investors play throughout their lives. Some of us feel inclined to replace stock market risk with security as we grow older and closer to retirement—whether that means moving just a portion of our money to safe investments or all of it. Either way, there’s no question that the stock market is volatile by nature, which is reflected especially in its actions as of late. In February 2018, the stock market saw six 1,000 point swings during that month alone. In addition, the VIX volatility index measured more than 450 percent movement since the beginning of this year until now, indicating extreme volatility. In this volatile stock market, there are certain mistakes you need to avoid in order to maintain the nest egg you have worked hard to cultivate. We’ll look at three of those today as the first part of a two-part series.

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retirement living situations

6 Types of Retirement Living Situations to Consider

Making sure your retirement financials are in order well ahead of time is a critical, yet admittedly stressful, task. However, there is also a fun side to retirement planning, and that is deciding how and where you are going to spend all of your newfound free time. From traveling the world to never venturing beyond your front porch, there are a variety of retirement living situations to consider—many of which are becoming more and more feasible thanks to technology. Here are a few ways to think about spending your life in retirement.

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$1 million will be enough to live on in retirement

Where $1 Million Will Be Enough to Live on in Retirement

With inflation as a factor to take into consideration as time passes, it begs the question as to how much is enough when it comes to saving for retirement. Sure, $1 million sounds like a significant amount of money, but is it enough to cover your needs (and wants) for a potentially decades-long retirement? The real answer is, it depends on where you live. The cost of living varies from retirement locale to retirement locale, so in some places, $1 million will be enough to live on in retirement, while in others it won’t take you as far.

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retirement one-liners

15 Retirement One-Liners to Keep on File

Retirement is a phenomenon that every working person will face at one point or another. Some of us may go into it with open arms, ready to leave the eight-hour workday behind for good. Others may be more wary of this newfound free time and may struggle to decide how to generate a sense of productivity in their lives. However you are reacting to retirement, whether it is decades down the line or already in full swing, it never hurts to keep a little humor at your disposal. Check out this list of retirement one-liners that you can keep tucked away for a time when the mood strikes!

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April 17 is important for IRA contributors

Why April 17 Is Important for IRA Contributors

You’re likely aware that April 17 is significant this year because it is tax day—the deadline for individual income tax returns for 2017 to be turned into federal and state governments. However, the IRS has recently reminded taxpayers of another reason to note April 17 on their calendars: it is the last day to contribute to an IRA to claim it for 2017. April 17 is important for IRA contributors to take advantage of the tax benefits of both traditional and Roth IRAs.

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stock market correction

Stock Market Correction: What Is It, and How Do I Handle It?

If you’ve been following Ty J. Young Inc., you’ve probably heard us say time and time again that a stock market correction is inevitable. We’ve said it before, and we’ll say it again. History shows us that stock market downturns exist in a pretty regular pattern, and they most often happen when the market is up and has been for some time. In fact, each of the bull markets in the past 40 years has had a correction.

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the executor of a will

7 Steps to Take If You Are the Executor of a Will

Being the executor of a will can be an emotional and overwhelming process. On the one hand, you are in charge of distributing the deceased person’s property as outlined in his or her will, as well as the payment of debts and expenses. On the other hand, if you are this person’s executor, you are likely grieving his or her passing. In many cases, children are the executors of their parents’ wills.

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work from home in retirement

10 Ways to Work from Home in Retirement

The term “retirement” can mean ceasing your full-time work schedule, but it does not mean you have to retire from work completely. Out of both want and need, more and more retirees are turning to part-time work in retirement. Perhaps you need a little added boost to your income, or maybe you just view work as an entertaining and fulfilling way to spend your time. Either way, there are plenty of ways you can work from home in retirement if you are over the daily commute or the office grind.

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tax loopholes

Save Money with These 7 Tax Loopholes

Tax season is in full swing, with Tax Day 2018 coming up on Tuesday, April 17. Nobody likes to pay taxes, but there are several surprising ways that you may be able to ease the burden for yourself via legal tax deductions. Known as tax loopholes, these legal tax deductions exist for varying levels of income. As you file your paperwork this spring, consider these legal and legitimate tax loopholes that can save you money.

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