Personal Finance and Lifestyle Guide
My husband and I don’t talk often about retirement. We’re saving for it and being responsible about it, but it’s not really anything we care too much about right now. For one, we’re living a good life right now and enjoying every moment of it. Secondly, we have four small kids so our retirement isn’t […] More
Investing in your 401(k) is a great idea; you know this. It’s a wonderful way to save money and hopefully retire on time and with a nice little nest egg to your name so that you can enjoy the Golden years of your life. It’s not always easy to understand, though. When it comes to […] More
At the rate we are going in the world today, retirement age is going to be somewhere around 250, or when you die; whichever comes first. In fact, it’s kind of disturbing how many people just shrug and say that they’ll retire when they can rather than actually look forward to retiring at 62 when […] More
Planning for retirement is something we all need to do a lot earlier than we probably did it. Hopefully, the financial crisis the economy went through back in 2008 will help the younger generation learn a few valuable lessons that won’t leave them broke and destitute. Fortunately, it does not appear that there is any […] More
If you take a quick look at your finances, you’re probably going to notice that your biggest expense is your mortgage. It’s certainly my biggest monthly expense. It’s your house; and it’s probably the single most expensive thing you will ever purchase (unless you have four kids like we do, and then college will probably […] More
Social Security benefits are not exactly impressive these days, and they only stand to become less and less impressive over time. The average Social Security check is around $1,300 and the average amount a married couple pulls in on Social Security is only $2,100. That’s not exactly a lot to live on, and it’s not […] More
Ideally, you began saving for retirement when you became employed for the first time. If you did not, however, it’s no reason to panic. It turns out that most people don’t start saving for retirement right away, which puts you way behind in terms of your financial future. While it might seem hopeless to you […] More
Using your Roth IRA money to buy a home sounds like a spectacular idea, does it not? You can use your Roth IRA money to buy a home so that you don’t have to bother with details such as saving money, and the IRS says it’s all right. Therefore, it must be a wonderful idea. […] More
A new concept in online investing may give investors a new way to grow wealth. Employing software, rather than human brokers, the online service Betterment provides clients with most of the advantages that a human broker offers, without the high fees. Betterment is also able to manage a variety of accounts, from IRAs and trust […] More
There’s something so profoundly confusing about retirement plans, including the Roth IRA. You know you can open one, contribute to it and see some sort of tax write-off as a result, but that doesn’t exactly make it understandable. In fact, I’m a firm believer that if investments and Roth IRAs and other retirement accounts were […] More
The IRS might not be anyone’s best friend, but that doesn’t mean that they don’t have your best interests at heart. Okay, so they might not, but they do offer some tax breaks for certain things and that is something we appreciate very much. With that in mind, we have thought about the many different […] More
According to Yahoo News, 1 in 3 Americans has approximately zero dollars saved for retirement. That’s correct; zero dollars. My 4-year-old has way more than that saved for some random toy she wants to earn through doing things appropriately around the house, so it’s weird that 1 in every 3 grown up adults have no […] More