Few people enjoy penny-pinching, but it's easy to cut back on wasteful spending that costs most us hundreds, if not thousands, per year. And it's unlikely to negatively impact your happiness, or your quality of life. In fact, it's quite the opposite: ...
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How to Prepare for Retirement Medical Costs in 4 Easy Steps
How much should a person save for healthcare and medical expenses in retirement? To give you an idea, a 65-year-old couple retiring in 2020 could expect to spend nearly $300,000 throughout their retirement on these expenses alone. This does not ...
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5 Ways to Avoid Outspending Your Income in Retirement
Everyone looks forward to their golden years as a wonderful time of relaxation and enjoyment. It's a time to revel in the fruits of your labor, or volunteer if you feel like it. The last thing you want to do is to outspend or outlive your income in ...
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How to Manage Your Personal Finances When In the Military
Life in the military brings a huge host of benefits. Chief among them is a stable income -- even in a bad economy. There are a lot of financial perks that you can take advantage of while in the military, but it also requires some discipline on your ...
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Power to the Pinched! The Personal Finance Anarchist Cookbook
Once upon a time, no self-serving radical activist would be caught dead without The Anarchist Cookbook and its misguided recipes for making homemade bombs, tear gas, and other sinister items out of everyday household products.
Of course, that got ...
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Is Early Retirement Worth It? How to Know If You Really Should
Who doesn't dream of having the freedom to retire well before you hit your twilight years? After all, the dream is a good one; you work very hard while you're young and able, and then, while you are still youngish, you quit your job and enjoy an ...
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When Good Personal Finance Practices Go Too Far
If a little is good, then it follows that more must be better. Well, okay, maybe not all the time.
Take coupons, for instance. Clipping coupons to save money on groceries is a sensible idea. But so-called extreme couponing takes this otherwise ...
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How to Incorporate Gold In an Investment Portfolio with ETFs or Cashgold
People have diverse reasons for including an investment instrument in their portfolio, whether stocks, precious metals like gold, bonds, or any other investment vehicles.
Investment goals influence decision making because what Investor A finds ...
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Great Tips for Seniors Who Want to Live Frugally
Frugal living means different things to us at various stages in our lives. When we're young or have kids, we may think living frugally is more about scoring discounts and clipping coupons so we can save money. As we get older, living frugally as a ...
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Roth 401(k) vs. Roth IRA: What Is the Difference?
Planning for retirement is important, but it can be tricky to understand all of the terms that are used when talking about the different ways you can prepare. In this article, we're going to focus on the similarities and differences between Roth ...
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Six Methods for Dealing with a Roller Coaster Market
Corrections and bear markets never come at the right time. Distressing world events materialize, and the stock market pullbacks just add stress and anxiety to the difficult times. In January, the world was fine; schools were in session, stocks were ...
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How to Withdraw from Your 401(k) Without Losing Your Savings
Your 401(k) is your retirement plan -- but sometimes you just need to use those funds before you retire. If you make a withdrawal, however, you'll not only reduce your balance, but if you're not 59.5 or older, you'll get an extra 10% penalty fee ...
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8 Common Portfolio Protection Strategies
Investing is one of the greatest ways to grow your wealth. After all, the long-term average yearly return in the stock market has been around 10% -- and that's way better than any savings account! But as we've all seen, while the market can sometimes ...
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Why Visualizing Your Financial Future Is So Important – and How to Do It
There are millions of posts and thousands of books explaining how to improve your finances. In fact, much of this information seems to get recycled back and forth. I have found only a couple of good books and posts that deal with the visualization of ...
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Economic Collapse 101: Ten Ways to Prepare for the Unknown
Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well ... not so much.
It's no secret that ...
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How to Plan for Your Retirement in Canada
Wondering how to start saving money for retirement in Canada? Millennials thinking of retirement planning often face a unique set of challenges today. With lower earnings, rising housing costs, and increasing childcare costs, it all means there's ...
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Grandfather Says: The Boy Is ‘Just Who He Is’
Grandfather says his preparing for retirement boiled down to supporting and, to the extent needed, enabling the family members (particularly the wife -- permanent fixture -- kids, temporary) to live the lives they wanted to live in their best ...
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Is It Possible to Retire With a Million Dollars?
For those of you still wondering if a million bucks is enough to retire on, this article by Jeff Desjardins from the Visual Capitalist will certainly put the concept of having a million dollars in perspective ...
Being a millionaire is ...
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7 Basic Financial Goals Everyone Should Strive For
Financial security is becoming the top priority for people around the globe. Gone are the days when having wealthy parents guaranteed a financially-secure life for their kids.
Today, almost everyone has to work hard to ensure their financial ...
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5 Rules to Consider Before Taking Out a Loan in Retirement
A million dollars -- the figure many people have in the backs of their minds as the ideal retirement fund -- isn't what it used to be. On average, it will last you about 25 years in retirement, and that doesn't include unanticipated expenses. If you ...
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