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Budgeting for Healthcare

How to Budget for Healthcare in Retirement

October 3, 2022

A major part of planning for retirement is creating a financial budget. As you won’t be making a salary anymore, it’s crucial to be careful and aware of how you’re spending your pension and social security.   One of the major expenses that retirees have are healthcare expenses. On average,… Read more

4 Ways to Maximize Retirement Account Benefits

September 15, 2022

No matter what age you are, retirement is something that should be in the back of your mind. Even if you’re younger and just starting out in the workforce, or almost at the retirement finish line. What you choose to do now can greatly affect your financial future. In this… Read more

Retirement money

Sources of Retirement Income – Put Your Money to Work

February 14, 2022

Making the transition from working to becoming a pensioner can be difficult. You might find all the extra free time overwhelming and not know what to do with it, and you may also miss the routine of going to work every day. However, perhaps the biggest challenge you’ll face with… Read more

It takes discipline and foresight to look ahead to one's retirement. The payoff can be well worth the initial consideration.

Smart Retirement Goals to Grow Your Nest Egg

June 2, 2021

It takes discipline and foresight to look ahead to one’s retirement. However, if done right, the payoff can be well worth the initial consideration. The biggest aspect of retirement to understand is that the earlier you start making changes and being a part of the savings equation, the better of… Read more

Cryptocurrency has been shaking up the financial sector for a few years now. Is it a right choice for retirement planning?

Is Bitcoin a Good Investment for Retirement?

November 25, 2020

Cryptocurrency has been shaking up the financial sector for a few years now, far longer than most analysts predicted after the Bitcoin crash in 2011 which saw the pioneer cryptocurrency take a 93% drop. However, despite some teething issues, including a drop in value of over 80% over the course… Read more

Not everyone can easily make room in their household budget for intensive retirement savings. Check out these tips to make retirement happen.

How to Save for Retirement When You Can’t Afford To

October 14, 2020

Because Social Security benefits are not enough to provide a comfortable life, especially for seniors with significant health concerns, failing to build robust retirement savings ultimately means that retirement is all but impossible. Rising numbers of Americans over 65 looking for work demonstrate that doing the bare minimum to prepare… Read more

Plan for Retirement Now and Retire Early Later

January 27, 2020

The vast majority of people in their 20’s and 30’s do not actively think about retirement. Putting a few extra dollars per paycheck into a retirement account will add up over the years. There are limits to how much money can be put into an IRA so growing money elsewhere… Read more

Why These are Two of Our Favorite Savings Vehicles for Retirement

August 15, 2019

When it comes to retirement, we all want to get there. Tomorrow is the ultimate goal, but pretty far fetched, more often than not. But even if we can’t retire tomorrow, what we do with our money, and where we choose to put it, can have a serious impact on… Read more

Retirement Income Hits a Record High in 2018

May 4, 2018

If you have been planning and saving for your retirement, but you are still lost about it, this is the article that is really going to interest you. Retirement plans are always going to hit you at some point of time, but if you do not how to take the… Read more

Investment Mistake

How to Avoid This Investment Mistake That Cost Us $750

December 18, 2017

While we have a diversified retirement portfolio mix of Roth and Traditional IRA’s and a 401k, we have decided to get into another form of retirement investments. Real estate investment. As someone who has been engrossed in the real estate investment world with other investors for the past couple of… Read more

Holidays and Retirement

Why are Retirement Accounts and the Holidays Related?

November 20, 2017

This is the time of year where everything gets a little bit crazier and we all get a bit stressed out. The holiday’s can creep up on us, just like the end of the year, and when that happens we have a hard time deciding which way to turn. On… Read more

Is it Really Possible to Retire Early?

November 15, 2017

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4 Ways to Reduce Healthcare Costs in Retirement

September 20, 2017

**Disclaimer: I am not a health care professional – I am simply sharing my experiences and opinions here. One of the major fears for people in retirement is the fear that health care costs will devour their retirement savings long before they can afford to live on Social Security alone.… Read more

12 Steps to a More Comfortable Retirement

July 25, 2017

Today’s financial experts will tell you that we’re not saving enough for retirement. With only 32% of Americans being involved in a workplace retirement plan and the average couple having only $5,000 saved for retirement, I agree: there is work to do. The numbers are dim, indeed. Investment giant Fidelity… Read more

What to Do if You’re Late to The Retirement Savings Game

April 19, 2017

This week, in honor of Financial Literacy Month, we’ve been focusing on retirement savings. I talked on Monday about how to balance retirement savings and debt payoff while helping your kids out with college costs, and on Tuesday Brad from over at Maximize Your Money shared an awesome post on… Read more

Why and How to Start Saving for Retirement Now

April 18, 2017

This awesome post comes to us from Brad over at Maximize Your Money. Also, if you head over to Brad’s site today, you can see my post about Why We Left Suburbia for Life on a Hobby Farm. Enjoy! Everyone wants to have a comfortable retirement. The reality though is… Read more

Your Money Situation Won’t Change Until You Start Taking Responsibility for Your Actions

March 21, 2017

I realize that this post might get me in hot water with some, but I recently read another article about the dire money situation of Americans and how it’s not their fault. Being an American who for many years took little responsibility for my own money situation (along with my… Read more

How to Avoid Student Loan Debt While Earning Your Degree

March 6, 2017

Being we have four kids, the subject of college and how to avoid student loan debt is near and dear to my bank account, er, I mean heart. As entrepreneurs and big believers in self sufficiency, two of the main things we’re working to teach our kids about money is… Read more

Who Benefits From My Debt?

March 2, 2017

“One way to grapple with debt is to ask yourself ‘who benefits from my debt?’” This is the question Mrs. Groovy suggested people ask themselves as they work toward paying off debt, and I thought that the profound statement deserved an entire post, so here it is. Related posts: Alternative… Read more

Top Ten Ways to Prepare for Retirement

October 10, 2016

A recent poll by Go Banking Rates revealed that 56% of Americans have less than $10,000 saved for retirement. And 28% of Americans aged 55 and older have ZERO saved for retirement. These are numbers that should scare us all. Even if you’re doing great on saving for retirement, those… Read more