improve your retirement saving efforts

3 Ways to Improve Your Retirement Saving Efforts

When it comes to saving for retirement, how you go about it largely depends on your individual circumstances, i.e. how much you are able to save, when you plan to retire, your health, your tolerance for risk—the list goes on. While you may not be able to control these factors, there are ways to improve your retirement saving efforts by following practices that remain constant in terms of cultivating a healthy financial lifestyle.

Continue reading » 3 Ways to Improve Your Retirement Saving Efforts
save this holiday season

7 Ways to Save This Holiday Season

The holidays can be a positive time of family togetherness and cheer, but they can conversely be a stressful time during which you’re finding it difficult to finance all of the extra expenses the season brings. From gift lists to organizing parties and gatherings, there are many items that fall out of the scope of your regular budget during the holidays. To make sure you don’t fall behind—and that holiday spending doesn’t throw your finances off altogether—consider these ways to save this holiday season.

Continue reading » 7 Ways to Save This Holiday Season
having a job in retirement

5 Benefits of Having a Job in Retirement

Retirement today is not what it used to be. Rather than thinking of retirement as a time to slow down one’s life activities, (namely, a career), today’s retirees are approaching it as more of an opportunity to reinvent themselves, and for many, this involves having a job in retirement.

Continue reading » 5 Benefits of Having a Job in Retirement
when money is limited

4 Investing Tips When Money is Limited

Learning how to make money off of your money is at the foundation of successful investing. Despite how it may feel when money is limited, there are still ways that you can yield substantial returns off of seemingly insignificant amounts of money. As statistics show that Americans aren’t saving enough for retirement, realizing how to do this becomes all the more critical.

Continue reading » 4 Investing Tips When Money is Limited
Thanksgiving spending

A Quick Look at Americans’ Thanksgiving Spending

Happy Thanksgiving! Today, millions of Americans will gather around feast-filled tables to visit with loved ones, express gratitude for the people, places and things they are thankful for and of course—enjoy a delicious meal. Thanksgiving is a holiday inspired by giving thanks, but the activities that we’ve come to associate with the day inevitably involve spending money. Here, we’ll take a quick look at some statistics associated Americans’ Thanksgiving spending, as well as a few other interesting facts and figures about the holiday!

Continue reading » A Quick Look at Americans’ Thanksgiving Spending
enhance your retirement savings

10 Ways to Enhance Your Retirement Savings

In general, the earlier you start saving for retirement, the better, thanks to the concept of compound interest. However, if you’re nearing retirement age and you haven’t saved enough for retirement over the years—don’t give up. Every little bit certainly helps, and there are steps you can take to enhance your retirement savings no matter what your age.

Continue reading » 10 Ways to Enhance Your Retirement Savings
reverse mortgage in retirement

Should I Use a Reverse Mortgage in Retirement?

Though as a general rule of thumb you should go into retirement toting the least amount of debt as possible, more and more retirees are finding themselves carrying mortgages into retirement. This may be a result of people purchasing homes later in life, or tapping into their home equity using strategies like refinancing, taking out a second mortgage or home equity lines of credit. However, in retirement, there might be a better way to access your home equity, and that’s using a reverse mortgage. Using a reverse mortgage in retirement can allow you to withdraw some of the equity in your home in the event that you need money.

Continue reading » Should I Use a Reverse Mortgage in Retirement?
you may not be saving enough for retirement

Why You May Not be Saving Enough for Retirement—and What You Can Do About It

Countless reports and studies show that Americans are not saving enough for retirement, but why? With all of the scary data out there suggesting that most pre-retirees are currently in trouble in terms of their retirement savings, wouldn’t that be enough to make us get on the ball? The truth is, there are a variety of reasons why you may not be saving enough for retirement—some of which are beyond your control.

Continue reading » Why You May Not be Saving Enough for Retirement—and What You Can Do About It
types of trips you need to take in retirement

10 Types of Trips You Need to Take in Retirement

Unless you had the opportunity to do so before settling into your career and family life, traveling—really and truly traveling—may be something you have been waiting your entire life to have time to do. And what better time to do so than retirement? During the time in which you no longer have a set work schedule tying you down, travel can be a fulfilling and enlightening way to spend your time. Provided you have the money, the types of trips you need to take in retirement range from visiting the wonders of the world, to discovering what’s new in your own backyard.

Continue reading » 10 Types of Trips You Need to Take in Retirement
waiting on an inheritance

Why Waiting on an Inheritance Is Not a Retirement Plan You Should Bank on

A fortunate few of us are born into wealth. Most of us have to work for it. And still others come into it at some point in their lives—whether by chance, or by inheritance. According to The Street, millennials are going to inherit a collective $30 trillion from their parents in the coming decades. Leaving a legacy to their loved ones is a goal that many American workers have as they build wealth throughout their lives. But is an inheritance something you should necessarily expect? Regardless, waiting on an inheritance is not a retirement plan you should bank on.

Continue reading » Why Waiting on an Inheritance Is Not a Retirement Plan You Should Bank on