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6 Ways You're Unknowingly Sabotaging Your Retirement

6 Ways You’re Unknowingly Sabotaging Your Retirement

What would you do if you discovered a leak in your roof? Repair it as soon as possible or wait until it led to more costly, long-term damage? For most people, the answer is easy: repair it now. But what if you didn’t know about the leak until it was too late? The same thing […]

How to Maximize Social Security With Spousal Benefits

How to Maximize Social Security With Spousal Benefits

Understand how Social Security spousal benefits work to make the most of your retirement funds. If you are married or were married in the past, you may be eligible for spousal Social Security benefits. “Spouses that raise families and perform other valuable societal tasks are entitled to a spousal benefit based on their spouse’s primary […]

4 Ways to Create More Spending Money in Retirement

4 Ways to Create More Spending Money in Retirement

If you’re short on savings, there are ways to stretch every dollar in retirement. Retirement is a joyous and exciting time, but it can also be stressful if you’re not financially prepared. Money is reportedly the No. 1 source of stress among American adults, according to a survey from Northwestern Mutual, and only around a […]

7 Costly Retirement Mistakes to Avoid

7 Costly Retirement Mistakes to Avoid

Not committing these blunders can save you thousands, or even hundreds of thousands, of dollars. Here’s a scary statistic: More than more than half of retirees surveyed last year by the folks at Global Atlantic said they have retirement planning regrets. Their top mistakes, they reported, included not paying off debts such as mortgages before retiring […]

How Does Your 401(k) Compare to the Average Person?

How Does Your 401(k) Compare to the Average Person?

If you’re fortunate enough to have access to a 401(k) through your employer, take full advantage of it. Only around 53% of workers over the age of 22 have access to a defined contribution plan, such as a 401(k), according to a Pew survey. Of those who have access to this type of plan, however, […]

Build Your Investment Strategy With These 9 Questions

Build Your Investment Strategy With These 9 Questions

Your answers to these questions will help you nail down an investment plan for all your financial goals. An investment strategy is your road map to your financial goals. Investing without an investment plan is like driving in a strange city with no road map or GPS. As other drivers zip past onto their destinations, […]

8 of the Best Free Online Investment Calculators

8 of the Best Free Online Investment Calculators

Create a better financial plan with these free online investment calculators. These free online investment calculators rival the tools financial advisors use. Financial advisors have access to the best investment calculators. Their financial planning software and programs lay out a “tremendous road map” to help clients answer complex but essential questions, such as if they’re […]

How Much to Invest for Retirement

How Much to Invest for Retirement

The amount of money you should invest for retirement doesn’t depend on how much you can invest. Investors frequently make the same mistake when deciding how much to invest for retirement: They confuse “should” with “can.” How much you should invest is not dependent on how much you can invest. If saving for retirement is […]

Secure a Steady Stream of Retirement Income With 4 Key Moves

Secure a Steady Stream of Retirement Income With 4 Key Moves

If you’re worried about having enough money in retirement, you’re not alone. Many workers fear that once their golden years arrive, they’ll struggle to afford the many costs seniors face today. But if you make the following moves, you can secure a solid stream of income that’ll make retirement less stressful and more enjoyable. 1. […]

2019 Tax Savings Strategies for Retirement

2019 Tax Savings Strategies for Retirement

For people nearing retirement or in retirement, every dollar counts and planning ahead is paramount. That’s especially true for taxes. Now that 2018 tax returns are behind us, this is an opportune time to look for 2019 tax savings strategies for retirement. Here are two ways to do it: Use Your IRA to Donate to […]