Most people know that the earlier they start saving for retirement, the better. But, life happens. Maybe you didn’t earn enough to contribute to your retirement in your 20s or 30s. Maybe a financial disaster meant you had to withdraw your savings, sending you back to zero. Then, suddenly, you’re 40 with no retirement account. […]
Maybe you should rethink whether it’s in your best interest to postpone your retirement. Although people have been retiring later and also planning to work part time during retirement, ilness or layoffs often force people to retire before they had planned or go on disability. Unfortunately, this is arising at a time when the federal […]
In a world of misguiding money advice, how do you find the right personal finance book for you? Covering everything from saving money to the consistent habits of the wealthy, these personal finance books offer a wealth of tried and true advice. Listed in no particular order, each book offers sound council rooted in experience; no frills, […]
I understand the argument behind the advice of putting at least a 20% down payment on a house purchase. No one wants to pay private mortgage insurance and the idea of getting two different loans to avoid it isn’t that great either. I imagine if you are a previous homeowner and have some equity from […]
One of the most important life lessons that we can all learn is to seriously listen to and consider the advice from those who have more experience than we do. When it comes to the end of our life, most of us are going to have some regrets. A nurse, Bronnie Ware, who spent years […]
Financial windfalls are double edged swords. One the one hand, you have a large sum of money. On the other, you can be placed into a situation you are not prepared to handle. Sales of real estate or businesses usually involve the conversion of an liquid asset into large amounts of ready cash – presenting […]
For years my money management system consisted of a patchwork of tools. I have a monthly budget worksheet which totals income and expenses and details when each expense is due. I also have a spreadsheet in which I inconsistently attempt to track my spending by category. Finally, there are the online logins to different financial […]
The Internal Revenue Service (IRS) is reminding taxpayers born before July 1, 1945, that they must receive payments from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31. Required minimum distributions (RMDs) are payments that normally must be made by the end of 2015, however, a special rule allows first-year recipients of […]
It’s coming! Senior Citizens Day is August 21, 2015. It’s a day when we recognize the older citizens of our community. This is important because they helped build the society we live in today. Many of them fought in wars, built businesses, and raised families. Just because they’re retired now doesn’t mean they haven’t left lasting […]
Senior Citizen’s Day is coming! It’s August 21st. The observance was established as a way of honoring the senior citizens of our communities. The day also brings awareness to social, health, and economic issues facing the elderly. This post is geared towards what the younger generations can learn about our elders. Because… older people rock when […]
