Posted 9 weeks 5 days ago by Philip Brewer
Do you need a kick in the pants to get you saving for retirement? Do you need someone to wave their arms and run around screaming that your whole future is at risk, in order to motivate you to put some serious money aside and take the time to learn how your 401(k) works? If so, this is the book for you.
Posted 23 weeks 5 days ago by Anthony Marrone
I met with an elderly couple today in their home to execute some planning documents. While neither of them ever had jobs as professionals and neither inherited any money from family members, they have amassed quite a respectable sum of money as they continue to progress through the Golden Years. The lesson that they passed on to me today in our short meeting was that you have to proceed through life without regret, and live each moment so that you will not later look back with regret.After meeting with the couple, I returned to my office and put together a list of 25 ideas, goals, etc. that I want to look back on when I reach retirement age, and say that I fully accomplished or successfully practiced each of these 25 goals. So without further ado, here is part one of my list, with part two coming tomorrow night when I return home from class (feel free to add to my list or share your thoughts in the comments):
Posted 25 weeks 3 days ago by Philip Brewer
Especially for people hoping to retire early, but also those just hoping they can retire at all, there's the question, "How much money do I need?" People who are already retired want to know "How much can I can spend, without running out of money?" Some people refer to the answer to the first question as "The Number." Really, though, these are both the same question.
Posted 28 weeks 3 days ago by Mark P. Cussen
Now converting the balance from your employer's retirement plan into a Roth IRA is easier than ever.
Posted 34 weeks 3 days ago by Julie Rains
You've figured out how to have positive cash flow (aka spend less than you earn) for now; but will you have enough money for later? Funding for future requirements, such as retirement, is crucial to financial success, according to The Quiet Millionaire author Brett Wilder. Here's a tool for calculating your needs.
Posted 39 weeks 3 days ago by Philip Brewer
Halfway through Fred Brock's book Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future, I was already drafting a review that would call it good but kind of basic for most Wise Bread readers. Then it clued me in to an oddity of federal law that could make the difference between keeping or losing my health insurance. That one bit is not only worth the price of the book, it could easily be worth my entire life savings. Actually writing the review, I realized the book is full of bits like that. I happened to know most of them already, but I've been studying this stuff for years. I have to say this is a must-read book for anyone who hopes to retire before they're 65.
Posted 48 weeks 1 day ago by Julie Rains
Financial advice is everywhere (even here at www.wisebread.com) from the bank teller to a wealth manager who wants to dispense planning advice, manage your investment portfolio, and handle your family’s checkbook. You may not need to talk to someone who will set you up with the bank's proprietary mutual fund but you’d like some personalized financial guidance. Where should you go and who should you ask for advice?
Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.
| Posts | Cmts | |
|---|---|---|
| Fred Lee | 3 | 19 |
| Julie Rains | 5 | 20 |
| Linsey Knerl | 12 | 31 |
| Margaret Garcia-Couoh | 2 | 6 |
| Myscha Theriault | 6 | 50 |
| Paul Michael | 6 | 14 |
| Philip Brewer | 12 | 32 |
| Xin Lu | 9 | 21 |
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