The amount of money needed for retirement depends on factors including lifestyle, age, and health. Generally, experts suggest that individuals should aim to live off of 80 percent of their final pre-retirement salary. Someone who made $100,000 per year at retirement, then, should have enough saved that they can comfortably spend $80,000 per year when […]
If you’re finding it difficult to make retirement planning a priority, you’re not alone. Meeting your current financial obligations—such as rent or mortgage payments, recurring monthly expenses, and debt or interest repayments—can be challenging enough without having to think about the long-term future as well. Given how great this pressure from immediate financial demands can […]
Today, the field of financial planning is growing in popularity, with more people than ever working to create some type of financial plan for their future. For those who possess little understanding of the financial industry, financial planning can be overwhelming and difficult. In these cases, it might be prudent to seek the services of […]
Retirement savings are important for everyone, no matter what their age. The earlier that you begin putting money away for retirement, the greater the chances are that you’ll be able to live the life you have dreamed of in retirement. For most people, Social Security is not sufficient on its own to cover everyday expenses […]
Though a recent innovation, cryptocurrency has certainly taken the world by storm over the last several years. Originally introduced around 2009 with bitcoin, it did not at first attract international attention, viewed instead as a passing curiosity. But today, that has changed, and cryptocurrencies of all types are fast becoming an important focus of discussions […]
Recessions are a way of life when it comes to both local and global economies. The volatile nature of the stock market and other investments combined with the way world events affect economic trends means that swings between good and bad economic times are inevitable. Like most people, you probably worry about the implications of […]
For many people, creating a financial plan is not a top priority, particularly when they’re young. Quite often, people don’t consider a financial plan until they begin to approach retirement age, a time when money concerns come to the forefront for most people. Many also think of financial planning as an activity that’s only necessary […]
Cryptocurrency has been around for approximately 11 years now when Bitcoin first hit the scene, and though the initial boom of excitement has faded somewhat, it remains a popular investment choice for many individuals looking to supplement or diversify their financial portfolios. Some are even adding cryptocurrency assets into their retirement portfolio in pursuit of […]
Retirement planning is a long process, and it can be intimidating for many people. The vast majority of workers, in fact, have not taken even the most basic first steps to begin planning for their eventual retirement. However, the process can be more straightforward than you think. There are a few easy steps you can […]
When people consider their finances, the most common things they focus on are saving for retirement, maximizing their current finances, saving for major purchases, and paying down debt. But there is an additional area of financial planning that tends to be overlooked: post-retirement financial planning. Many people see retirement planning as a process that ends […]