retiring with a pension

What to Expect If You’re Retiring with a Pension

Pensions can drastically improve your financial status during your retirement. Offered by your employer, this handy program benefits one out of five American workforce members. Though not all of us have them as resource to utilize, for those who do, it’s important to know what to expect if you’re retiring with a pension.

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pre-retirement mistakes to avoid

7 Pre-Retirement Mistakes to Avoid

Before you can finally rest in the oasis of retirement, you unfortunately may have to trudge through a desert of stress. In the middle of this process, you may pass by an important requirement or two. If you’re unlucky, an accidental mishap may upend your smooth transition to your golden years. Keep your eyes peeled for these pre-retirement mistakes to avoid.

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sources of retirement income

Don’t Forget These 4 Sources of Retirement Income

Retiring involves a great deal of financial literacy. This means that potential retirees often have to juggle endless suggestions, ideas, and requirements before they can ever enjoy their golden years. Even worse, such an overwhelming situation can cause people to forget multiple sources of retirement income.

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costs that affect your savings

5 Costs That Affect Your Savings

It’s hard enough to keep your savings intact—especially when you’re a big spender. For those dealing with these costs that affect your savings, it’s time to reassess your budget. Then, you can head towards a successful retirement!

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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.

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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.

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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.

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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.

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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!

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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

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