3 Signs Your Retirement Savings Will Let You Down
There are many signs that you need to look out for if you plan on retiring soon or in the future. Some of the big signs that you need to see if you are being consistent in your contributions towards your retirement. Another thing to look out for is your increased amount of savings per year. You should make sure you are putting more in each year. If you have investments and are able to afford to do … [Read more...]
Here Are 5 Ways to Pay Off Credit Card Debt
Paying off credit card debt may seem like a daunting task, so it is important to have a solid plan of action. First, if you have good credit, it may be an option to try to qualify for a balance transfer card. You can also combine your cards onto a single credit card, if this is an option for you. Two other possible options are the debt snowball or debt avalanche methods. Finally, if you are … [Read more...]
Nearly half of Americans considering early retirement due to COVID-19 pandemic, survey finds
According to a new study almost 50 percent of Americans would much rather retire early. Due to COVID there were many that were forced to retire due to low business traffic and overall company costs. If you plan on doing so, you must make sure that you have all of the bases covered because you do not want to regret it in the long run. There are also professionals out there that can help you. Key … [Read more...]
How To Succeed At The Hardest Part Of Retirement
In order to have an enjoyable retirement when it comes to the financial side of it, you need to plan well in advance. Yet, even the best laid plans sometimes change for different reasons. Working outside of the office during the current pandemic enabled many people to get a sense of what the retirement would feel like when you have to balance finances differently than what you are used to. Even … [Read more...]
How to Pay for College Without Student Loans
There are quite a few ways that you can pay for college without having to take out student loans. One of the most obvious ways is simply to pay for your degree in cash, by using money that was saved by your parents for a college fund. You also can apply for aid such as grants by using the Free Application for Federal Student Aid. Finally, pick an affordable school such as a state school to limit … [Read more...]
Don’t Keep Your Retirement A Secret
It is very important that you don't keep your retirement a secret for many different reasons. For example, what happens if you get sick after you retire? You would want to have health insurance and have the right people taking care of you. You also want to make sure that you are staying in touch with your job as well. Many people retire and they find that they are bored and have nothing to do, so … [Read more...]
Average Retirement Debt: Do You Owe Too Much?
Debt is the one thing that threatens many peoples retirement fund. It can be hard to not have debt, so it's imagined that people will have debt for their retirement. According to the Federal Reserve the average debt for people 56-74 is $96,984 and for those over 75 it is $40,925 of total debt. If you are retiring with some debt you do not need to worry as there are many management systems that you … [Read more...]
Is It OK to Retire With Some Debt?
Many Americans are retiring with debt and with the rise of debt that will continue. There are such things as good and bad debt, so if you consider which one you have, you may be able to be comfortable retiring with the debt. It is obviously best to make sure you do not have any debt when retiring. If you do however, you must make sure that you have some sort of plan to deal with the debt. Key … [Read more...]
Avoid Debt as a Senior – Resources for Economic Security
Many retirees will have debt by the time they retire. It is great if you do not have any. If you are looking to rid or minimize the debt you will have when you are retired, there are many management systems in place that you can use to make sure you do not have to worry. Scams are everywhere so you must make sure you do your research and do not get scammed out of your money. Key Takeaways: … [Read more...]