When we think of retirement, most of us think of accumulating a large sum of money and then spending it down gradually. One of the best insurance policies to prevent spending all of your money is to have numerous sources of income in retirement. As you'll see, even small amounts of retirement income can go an incredibly long way in making sure you have enough to last you the … [Read more...] about 3 Unexpected Sources of Retirement Income
Support Builds to Make Every U.S. Worker Save for Retirement
Efforts to require automatic workplace retirement savings in Oregon, California, and Illinois were so successful that now the pressure is on Congress to include mandatory coverage and a tax credit in a broad retirement savings proposal for the U.S. Nearly one in four working-age Americans aren’t saving for retirement, and those who are say they aren’t saving enough, according … [Read more...] about Support Builds to Make Every U.S. Worker Save for Retirement
Self-Directed IRA Misconceptions: Fact or Fake
There is often a lot of confusion and misinformation circulating around that muddles the perception of self-directed IRA (SDIRA) custodians and accounts. Unfortunately, this perception can steer investors away from what could be a beneficial wealth-building tool to bolster their retirement strategy. Preferred Trust Company is here to debunk a few of those common … [Read more...] about Self-Directed IRA Misconceptions: Fact or Fake
South Portland, Maine day care faces worker shortage
A shortage of workers has forced a Maine day care center to turn away parents who want to send their children there. “We have the children. We have the space. We don’t have the employees,” Creative Beginnings co-owner Nichole Page said.During the pandemic, the South Portland child care center moved to a larger building to create more classrooms to accept more children.Page said … [Read more...] about South Portland, Maine day care faces worker shortage
Should You Buy An Annuity in Your 20’s?
Conventional wisdom says that the sooner you start saving and planning for retirement, the better. And that totally makes sense. Thanks to compound interest, the earlier you start stashing away money, the easier it will be to build a stronger and more studier nest egg for retirement. And, if you experience a financial setback, you have more time to bounce back. Annuities are … [Read more...] about Should You Buy An Annuity in Your 20’s?
3 Unusual Tactics to Retire Wealthy
Saving enough for retirement can be a struggle. And if your goal isn't just to scrape by but to retire wealthy, you'll need to do much more than invest 10% of your income for your later years. The good news is, there are a few tactics to try out that can maximize your chances of being in great financial shape when you're ready to leave the working world. Check out these three … [Read more...] about 3 Unusual Tactics to Retire Wealthy
Weekly Roundup 8/8-8/13 – Retirement Daily on TheStreet: Finance and Retirement Advice, Analysis, and More
In Case You Missed It…What Really Happens if Social Security “Disappears?” With rumors spiraling about whether or not Social Security will still be functional in 2034, Marcia Mantell explains what is actually happening, and what that means for your retirement savings.Four Reasons Why Long-term Care Should Be Part of Your Comprehensive Financial PlanRona Loshak, a founding … [Read more...] about Weekly Roundup 8/8-8/13 – Retirement Daily on TheStreet: Finance and Retirement Advice, Analysis, and More
Why I’m Not Maxing Out My 401(k), Even Though I Can Afford to
When you buy through our links, Insider may earn an affiliate commission. Learn more.My obsession with my 401(k) runs deep. I've watched my balance grow from nothing to more than $90,000 in under five years through a combination of my own savings, employer matching contributions, and investment returns.The employer-sponsored 401(k) has one of the highest employee contribution … [Read more...] about Why I’m Not Maxing Out My 401(k), Even Though I Can Afford to
Should You Prepare For a Housing Market Crash in 2021?
pbk-pg / Shutterstock.comWill there be a housing market crash in 2021? A majority of experts think not.“People are saying we’re in a housing bubble, but I don’t think the term housing bubble is the right description,” said Tabitha Mazzara, director of operations at mortgage lender MBanc. “A bubble is something that’s going to pop. I look at it as a phase. The market is … [Read more...] about Should You Prepare For a Housing Market Crash in 2021?
3 Strategies That Could Help You Retire Earlier Than You Think
Retirement might be decades away for some of us, but the choices we're making right now will determine exactly when we can afford to leave the workforce for good. If your goal is to retire as soon as possible, you need to be strategic about where and how you save money for retirement. Here are a few tips you can use to speed the growth of your savings. 1. Claim your full … [Read more...] about 3 Strategies That Could Help You Retire Earlier Than You Think