Conventional wisdom says that you need a mix of stocks and bonds because when one goes up the other typically goes down. But what if both go down at the same time (as happened in 2008)? Wouldn’t it be nice if instead of a two legged stool of (stocks and bonds) you could have a 3 legged stool that was even more stable?
Preparing for Retirement: What Is a Gold IRA? Read More »
Many people want to know exactly how much money they need to retire with. More important than an exact amount is knowing the right actions to take when financially planning for retirement. The average retirement period varies from 20 to 40 years, and you may have even less time to prepare. Here are 3 suggestions to plan for your financial future.
Planning Financially for Your Retirement Read More »
At some point, your car is going to break down, your home’s roof is going to start to leak or an appliance is going to stop working properly. While you can’t pinpoint the exact time an issue may arise, there are things that you can do to fix the issue in a timely manner. The best option is to have an emergency fund to cover the cost of the repair. But what if you don’t have the savings? Then you must borrow the money. If that is your only option you want to arrange for the best terms possible.
How to Get Money to Cover an Emergency Repair Read More »
When first getting into investing, you might contemplate just jumping into the deep end—but, before you take that leap, there are some things you should consider. Investing can be a tricky subject, which for some can enhance that feeling of needing to get it over with and begin investing at the drop of a dime. However, it’s better to acquaint yourself with investing, and the methods many professionals undertake, prior to trying your hand. Here are some of the best tips we have to offer for those just getting into investing, particularly what you should and shouldn’t be doing.
A Beginner’s Guide to Investing: Major Dos & Don’ts Read More »
If you’re looking for greater control over your retirement planning and investments, a self-directed retirement plan could be the perfect choice. These plans allow you to choose exactly where and how your money is invested, explore a wider range of investment choices, and decide which assets work best for you.
Take Control of Your Future with Self-Directed Retirement Plans Read More »
If you are starting to make an income, no matter how young you are, it is never too early to get started with investing. In fact, it is a good idea for parents to start kids off investing so that they have the concepts down well before they even get into the workforce. But, if your parents were not that forward thinking, here are four tricks that will help you get your investment portfolio under way.
Investing 101: 4 Tricks for Building Your Portfolio Read More »
Most people experience some level of fear when trying something new. And if that new thing has to do with your finances, it can seem daunting and risky. This is often the case when you first begin investing for retirement. How much you should you invest? What if you need the money before you retire? What should you invest in? How much is enough for a stable retired life? This article attempts to highlight some ways you can successfully wade through the murky waters of retirement investing.
Retirement Funds: Smart Investments for Beginners Read More »
It is essential to start saving money as soon as you can, in order to have enough money during your retirement. There are many ways to save money for retirement including personal savings accounts, retirement savings plans from your employer, and Individual Retirement Accounts, also known as IRA’s. Take a look at these different ideas for saving you money and preparing for your future the right way.
Saving Now: How to Prepare Financially for Your Retirement Read More »
By Dennis Miller Over-consumption of mass media can cause emotional whiplash. So, I unplugged from mass media and cleared some head space to consider what my fellow retirees and I have to be grateful for. The annual gift tax exclusion and the combined lifetime exemption. I will die a happy man if I never have to fill out
6 Things Retirees Should be Grateful For Read More »
A Tax-Free Savings Account or TFSA is designed to help Canadian citizens save money without undue tax consequences. It is a flexible investment vehicle that is similar to an IRA in the U.S. but allows multiple withdrawals without penalties. A TFSA can help Canadians accomplish short- and long-term investment goals. How Does A Tax-Free Savings Account Work? Money
Canadian Tax Free Savings Account vs IRAs Read More »
Even if retirement is still a few years (or even a decade or two) away, there are sound practical reasons to start preparing for it today. If you are in your 20s, or maybe your 30s, don’t think you’re too young. Many adults make this mistake and don’t begin preparing for retirement until they’re well in their
4 Simple Ways to Start Preparing for Retirement – Today Read More »
After spending decades working day in and day out 30% of retireees consider Social Security to be their primary source of income. If you want to avoid that fate it’s important to begin planning as soon as possible…
Planning For A Financially Secure Retirement Read More »
