Regardless of your personal finance performance in the current year, the end of the year is a time to create a plan for new beginnings. Here are some assessments you can consider including as you make your own end-of-the-year financial checklist. Ready?
Category Archives for Invest & Retire
How To Start Planning Your Retirement Investments
The following is a guest post. Enjoy!
Investing for the long run requires a balance between conservatism and risk. Understandably, after the 2008 market crash, many investors have leaned towards taking as few risks as possible with their portfolio. However, it’s risky being too conservative—because your money won’t grow fast enough for you to have a comfortable retirement. And, of course, you don’t want to be too daring with your investments, either, risking your hard-earned money on speculative ventures that didn’t turn out as expected.
8 Questions to Ask When Choosing a Financial Advisor
How do you find the advisor that is right for you? It can be a daunting task to find an advisor that has the best qualifications for your investment needs and that has integrity as well. Here are some questions you can ask the financial advisors you interview before you agree to let them advise you in money matters…
Things To Know Before Paying For Financial Advice
If you are thinking of using the services of a financial advisor, here are some things that you should keep in mind to avoid trouble down the road.
What Retirement Life is Like When You Have Less Than One Year of Your Salary Saved
When retirement age is ten, twenty, or thirty years away, it’s easy to have an “I’ll do it later” attitude when it comes to preparing financially for the golden years. However, the truth of the matter is that you can’t afford not to save for retirement. Check out this true story on what life is like for retirees who only have a small social security or pension to live on during their retirement years...
Should I Save for Retirement or Pay off My Debt?
Millions of people face a daunting question regarding their financial state: Should I save for retirement or pay off my debt? This post details what a person should do if they are struggling with debt payments and an anorexic retirement savings balance at the same time...
Four Steps to Financial Freedom
I am financially free, in that I have enough passive income to meet all of my current and potential future needs, some of my wants, and having enough left over to pass something along to the next generation. So, what are the four simple (but not easy) steps I took to obtain this financial freedom?
Behind on Retirement Savings? Here’s How You Can Catch Up
If you are behind on your retirement savings goals, you’re not alone. A recent survey from the Economic Policy Institute (EPI) showed that the median retirement savings balance for people aged 44-61 is less than $40,000, barely enough to live off of for one year. Instead of being one of the many Americans who is behind on retirement savings, take these steps to catapult your retirement savings...
The Pros And Cons Of Using Robo-Advisors For Investing
Wondering if robo-advisor investing (services like Betterment and Wealthfront) are right for you? Read this post to find out!
Three Things Your Teen Should Do Instead of Working a Low-Wage Job
Thanks to my experience working low-wage jobs, my husband and I are going to ask our 13-year-old to follow a different path than I did. Rather than working at dead end jobs available to most teens, my husband and I want him to focus on other activities. Read this post to find out which activities and why!