Everyone has a different idea of what their retirement fairy tale looks like. For you, it may mean spending more time with your loved ones, taking up a new hobby, or finally checking off items on your bucket list. Perhaps it means transitioning from your career into launching a new business. Whatever it means to…
If the idea of being your own boss and controlling your own earnings makes your heart flutter, your destiny may be to become an entrepreneur. Your experience in the job market or stunted professional achievements may have made you realize that working for others is no longer the life you desire. However, without the benefits…
According to a study conducted by the Urban Institute and ProPublica, over half of workers over age 50 encounter a forced early retirement. This research also suggests that many of these workers will suffer financial setbacks, making retirement planning vital to their financial security. While many dream of the day they can quit their job…
You’ve worked hard and saved for years, and now the time has come to start utilizing your life savings. Even if you don’t need the extra income, the IRS requires you to begin taking distributions from your traditional IRA or employer-sponsored accounts at a specific age. Since your contributions have been tax-deferred, Uncle Sam wants…
Can you imagine a worry-free retirement? Well, developing a retirement budget can help you worry less and have more fun during your golden years. Additionally, putting a plan in place may cut your future financial stress. So, if you want to focus on a playful retirement, here are some tips to creating the ultimate retirement…
We all make mistakes, some more than others. Some of these mistakes can lead to financial turmoil. If we continue to make them it could even lead to bankruptcy. If the increased stress and frustration wasn’t enough, you also have to manage the difficulty of figuring out how to turn it around and get righted…
Losing a loved one can be emotionally and financially devastating, especially if that person was the sole provider for the family. For some, there exist very few options to find financial support after the passing of a loved one. Fortunately, there are financial assistance options such as Social Security survivor benefits to ease any monetary…
Are you banking on a huge inheritance for your retirement? Or maybe you’re counting on the lottery to take care of you during your golden years? If both of these options are out of the question you may need to boost your net worth the old fashioned way, by saving and increasing your income. Your…
When was the last time you organized a space in your home? Did you feel euphoria once it was complete? Most likely, you felt a sense of accomplishment and a little happier. Having an organized space can save you time and make life feel much easier. Organizing your finances can have a similar effect on…
Life has a funny way of working, doesn’t it? Sometimes things fall right into place, while other times even a well thought out plan can’t prepare you for the many curve balls thrown your way. Good, bad, or ugly, life events impact your finances in big ways. Here are a few life events that can…