planning your retirement in your 50s

A Guide to Planning Your Retirement in Your 50s

As you continue planning your retirement in your 50s, you may feel stressed or unsure about your nest egg prospects. Because you’re coming closer and closer to your twilight years, you know just how important it is to be ready for retirement. If you still have concerns—or want to remain on track for your goal—consider the following pieces of advice.

Continue reading » A Guide to Planning Your Retirement in Your 50s
financial must-have for single parents

6 Financial Must-Haves for Single Parents

Being a single parent can introduce monetary challenges into your daily life, making it harder to bounce back from debt and setbacks. It also means that you may have less financial support to work with, which can prove terrifying and stressful. And as for retirement—it’s much harder to save up a substantial nest egg. However, if you employ these financial must-haves for single parents, you can work responsibly on your fiscal gaps.

Continue reading » 6 Financial Must-Haves for Single Parents
improve your financial well-being

9 Simple Things You Can Do to Improve Your Financial Well-Being

Well, the year is officially more than halfway over! Can you say that you’ve spent the past seven months—or longer—working on ironing out your funds? If not, don’t worry—you can still get started on these simple things that will help you improve your financial well-being.

Continue reading » 9 Simple Things You Can Do to Improve Your Financial Well-Being
Money Advice for Single Women

Heed This Money Advice for Single Women

People of all demographics and financial means face challenges when it comes to managing their money. They all must deal with their own unique struggles as they navigate the necessities of budgets throughout their lives. Single women in particular often deal with difficulties in the financial field. Still, that doesn’t mean that they can’t succeed spectacularly at handling their personal funds. This money advice for single women is designed to help them counter any issues they may come across and let them put together a solid amount of savings.

Continue reading » Heed This Money Advice for Single Women
money quotes

10 Money Quotes to Inspire Your Financial Life

Whether we like it or not, money is a major influencer both in the way we live our everyday lives and the long-term. Most of us strive for financial freedom, which means being out of debt, having enough money to fund the lifestyles we want to live and being well-prepared for a retirement minus steady career income. As we do our best to get it right, consider these money quotes to inspire your financial life!

Continue reading » 10 Money Quotes to Inspire Your Financial Life
living beyond the 4 percent rule in retirement

The Case for Living Beyond the 4 Percent Rule in Retirement

Save, save, save. This is what we’re told as we make our way through our working years—in preparation for the time in our lives when our regular paychecks stop showing up in our bank accounts. Saving is certainly solid advice, but some of the “tried and true” historically-accepted ideas about retirement saving are no longer as tried and true as we once thought them to be. Take the 4 percent rule, for example. This rule states that you should take out 4 percent of your retirement savings to live on annually in retirement. If your total retirement savings is $1 million, then 4 percent of that would be $40,000 to live on each year. For many, $40,000 a year sounds adequate enough, right? However, there is a case for living beyond the 4 percent rule in retirement

Continue reading » The Case for Living Beyond the 4 Percent Rule in Retirement
mistakes on your 529 plan

Don’t Make These Mistakes on Your 529 Plan

Saving for retirement isn’t the only major life event that you need to set money aside for. There are many other defining moments along the way that cost money—buying a house, opening a business and for many—your children’s education. The government offers the 529 plan to help you start saving for your child’s education early. It is a savings account that offers federal and sometimes state tax benefits while minimizing the impact of financial aid. The 529 plan was originally and still is mainly intended to address post-high school education, but you are also now allowed to put money into the plan for K-12 education costs. However you take advantage of it, make sure to avoid these mistakes on your 529 plan.

Continue reading » Don’t Make These Mistakes on Your 529 Plan
trends facing our retirement futures

3 Unfortunate Trends Facing Our Retirement Futures

Ask anyone about the retirement outlook for the majority of Americans, and most of your answers will probably be to the effect of, “It’s pretty bleak.” A 2016 survey conducted by financial firm Allianz found that more than 60 percent of baby boomers actually fear running out of savings in retirement more than they fear death. That’s a pretty serious sentiment. Though individually, some workers have established the financial security they need to retire well, as a whole, our country is struggling—and these trends facing our retirement futures are to blame.

Continue reading » 3 Unfortunate Trends Facing Our Retirement Futures
women to improve their financial security

6 Ways for Women to Improve Their Financial Security

It’s no secret that women face a certain set of challenges when it comes to their financial situations, especially owing to the fact that females are still significantly underpaid compared to their male counterparts. Another common obstacle is due to the fact that many married women rely on their husbands to manage the money, and when and if the time comes that they need to take care of it on their own, they are left feeling overwhelmed and underprepared. This is exactly why, however, women should be more proactive when it comes to their finances. Consider these ways for women to improve their financial security as they move through life.

Continue reading » 6 Ways for Women to Improve Their Financial Security
today's retirement

7 Things to Know About Today’s Retirement

As society changes over time, so does the reality of retirement. Whereas our parents’ retirements may have come after entire careers spent at the same companies with cushy pensions as rewards, most retirements today and in the future are looking quite different. Here are seven things to know about today’s retirement.

Continue reading » 7 Things to Know About Today’s Retirement