Category: Finance

Finance

Credit Score and Credit Card Approval: Accessing Credit Lines

The majority of savers still buy stocks – either directly or through a mutual fund or exchange-traded fund – which are shares in a publicly listed company. Stock prices tend to rise over the long-term, which is why people buy them. Since 1926, the S&P 500 has posted a 10.24% average annual return with dividends reinvested, according to S&P Dow Jones Indices. In other words, if you invest in equities in your 30s and retire in your 70s, there’s a high likelihood that your money will have grown over those 40 years. Years ago, retirement-focused investors would have likely put their money … Read More

Finance

Retirement Planning for Empty Nesters: Adjusting Finances and Lifestyle

You can expect it to drop 20% or more every few years, and 40% or more once a decade. So money you want to keep safer — especially if you need it in the next three to five years — should be kept in cash or bonds. Consider a target retirement fund, which provides a prudent asset allocation based on your retirement date and gets gradually more conservative as the date approaches. The old rule of thumb used to be that you could fund a stable retirement by saving 10% of household income annually.

Getting Started

Retirement planning

For those ineligible for … Read More

Finance

Credit Score and Credit Counseling: Seeking Professional Assistance

Due to their high costs and the level of risk assumed by employers when funding and managing investments, defined benefit plans are increasingly rare. No matter where you’re starting from, our advisors can show you the right financial steps to take you closer to the retirement you want. Our financial advisors will help you make the most of your money, no matter how much you have, with a plan tailored to you and your retirement goals. These tax breaks can boost your retirement savings by tens of thousands of dollars, compared to what you’d have if you’d saved in a … Read More

Finance

Retirement Planning with Real Estate: Leveraging Property for Income

Without considerable discipline, you might pull from your retirement fund and this will not be made up easily. Instead, tuck your money away in a hard-to-reach place that has fees and rules about early withdrawal. Set up a rainy-day fund for the speed bumps in life and keep that separate from your nest egg.

Why is retirement planning important?

Retirement planning

However, people over the income limit may still take advantage through backdoor Roth IRAs. If you’ve reached this point and are feeling overwhelmed, we understand. A key to a secure retirement is limiting your current consumption in order to fund that … Read More

Finance

Retirement Planning for Self-Employed Individuals: Creating a Stable Future

Retirement planning doesn’t mean one should only concentrate on their finances. Retirement planning requires a combination of financial and personal planning. Personal planning determines one’s satisfaction during their retirement. Experts estimate you will need 70 to 90 percent of your pre-retirement income to maintain the same standard of living you have now, but your situation could be completely different. It is important to calculate exactly how much you need for retirement and set up your goals accordingly.

How can I get started with retirement planning?

Retirement planning

For those intimidated by the stock market, consider investing in an index fund that requires … Read More

Finance

Investing for Retirement: Maximizing Growth and Security

The very first step is to get matched with the right advisor for you. And the first thing they’ll do is ask the right questions to understand what’s most important to you. Then they’ll tailor your plan to help you retire the way you want. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

How to Get the Most from Employee Benefits Plan

Retirement planning

First of all, there are different kinds of bonds with different risk levels. Generally, Treasury bonds, which are fixed income securities issued by the federal government, have little risk of defaulting. Even with … Read More