Learn the retirement theory around safe withdrawal rate and if it is a calculation that you should base your retirement plan off of.
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You might feel that having a successful retirement might be out of your reach. Here are 3 important steps that you need to take in order to get back on track.
I loved watching The Price Is Right growing up (my favorite games being Plinko and the game where you punch the board to reveal the card with an amount of money listed). Now whenever I get the chance to watch it as a grown up, it is on my TV, even though it just isn’t the same without Bob Barker. In any case, I was watching recently when I realized that you could learn a lot about investing by watching The Price Is Right. (Yes, I did write before about learning personal finance from watching The Bachelor. What can I say, I can relate personal finances to anything!) Here are five things The Price Is Right teaches us about investing.
A few years ago I created, and subsequently have modified a number of times, a spreadsheet for tracking and managing my retirement goals. In many ways, the spreadsheet is the heart of my book, RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit.
When it comes to investing, there is no formula to success. There are many different profitable investment styles, thus we cannot say “just do X, Y, Z and you’ll be a millionaire”. However, we do know what doesn’t work – we know which investment styles / strategies lead to failure. So the joke here is that once you’ve discovered everything that doesn’t work (aka lost quite a bit of money), you’ll know what does work.
When it comes to retirement investing, there are two main type of accounts available. They are tax-deferred and tax-free. Understanding the differences between these types of accounts can help you make better decisions about your retirement investing.
One of the issues that politicians, pundits, and financial professionals are concerned about is the "retirement crisis" that seems to be afflicting the country. If you are interested in getting your feet wet with retirement, one possibility is the MyRA, which was recently introduced by President Barack Obama during his 2014 State of the Union Address.
The idea of retiring early sounds great at first but what about when you start thinking about it more in depth? Maybe you will start to wonder about what on Earth you will do with all that free time.
Losing a set routine and suddenly being a person of leisure is something which might cause you some fear. Will you regret giving up work too early? The following are a few of the main points to consider when you think about whether or not to retire early.
So you want to become a stock market millionaire? It’s much easier than you think. Let me rephrase that – it takes a lot less work to become a stock market millionaire than you think. You just have to be smart and patient with your investing strategy. You can’t be jumping in and out of the market, chasing returns. You have to be cool, calm and collected as they say. Outlined below are the steps to follow in order to become a stock market millionaire.
If you are working towards a fun, healthy retirement then you will already have worked out that you are going to need to save a fair bit of money in order to achieve some great retirement years.
It can be a real struggle to do this but what if we turned the subject on its head and wondered whether you could get a better retirement on your current savings by living somewhere cheaper? Where could we go to enjoy life without spending a fortune?