You pour your blood, sweat, and tears into every ounce of your business. Unfortunately, while many entrepreneurs are focusing on building their businesses, they forget to properly plan for retirement. When it comes to retirement planning, it’s often asked, “Should you use your business to fund your retirement?” Some entrepreneurs don’t participate in retirement planning.…
Costly Medicare mistakes are avoidable. With a little research and understanding of your options, you can make the best decision when it comes to selecting the right Medicare plan. Understanding these common Medicare missteps and taking action to avoid them is the best way to assure your retirement health care is fool proof. Having…
Health care is one of the most important pieces of your retirement planning puzzle. There are many assumptions about what the government offers and what retirees need to cover on their own. If you’re in the midst of planning for your retirement health care, here are 6 Medicare facts every retiree should know. Medicare…
When planning a vacation during retirement, it’s important to take into consideration your travel budget and financial capabilities. While many American’s choose to “charge” their trips with a mindset of paying off the debt at a later time, this isn’t a tactic that those in their golden years should capitalize on. Retirees should know exactly…
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…