March 2022

Top 5 Simple Retirement Mistakes Everyone Makes and How to Avoid Them

There’s no such thing as a perfect retirement plan, but there are certain common mistakes you should avoid at all costs. You will make retirement mistakes. Although saving for retirement is obviously important, you’d be surprised by how many people are barely saving or not saving at all. Don’t risk having to work indefinitely by procrastinating on your retirement planning. Retirement Mistakes Everyone Makes Waiting for the ‘Perfect Moment’ to Start Saving The last thing you want to do is reach retirement age with no savings. The problem with retirement is that we tend to think of it as a distant goal that we can always start saving for “later.” However, this mentality oftentimes leads people to push off retirement … Read more

7 Ways to Earn More Income in Retirement

by Hank Coleman

You could live to be 75 or even 100. You never know how many years you may live after retiring from your full-time job, which means extending your retirement savings is critically important for your quality of life. But, you can earn more income in retirement. If you’re concerned about whether your current savings will last, here are some exciting and useful ways to generate more income during retirement. Earn More Income Contribute to Your IRA or 401(k) Did you know that you can still contribute to retirement plans even after you retire? Doing so offers many financial advantages, such as growing your nest egg, prolonging your retirement savings, and potentially limiting your tax burden each year. You can even … Read more

4 Ways to Protect Your Retirement Nest Egg in a Volatile Stock Market

by Hank Coleman

The Dow Jones Industrial Average recently experienced the largest single-day drop in history, but it bounced back relatively quickly. Ever since then, the markets have been swinging up and down so much that some economists have wondered whether a recession is on the horizon. But are you protecting your retirement? For the average American who’s saving for retirement, this economic news probably sounds terrifying. Saving for retirement is hard enough, now we have to deal with crazy market fluctuations, too? Fortunately, there are several ways you can protect your retirement nest egg in the midst of a volatile economy. Protecting Your Retirement Nest Egg Consistently Contribute One of the biggest retirement planning mistakes people make is contributing inconsistently to their … Read more

Keeping Your Car from Costing You Thousands

by Collaborative Poster

Anyone who has ever owned a car will know full well just how much it can be a financial drain – and this is something that can be really frustrating for a lot of people. No matter what car you drive, you’ll find that there are so many ways car costs in which it tends to affect your finances. So this is something that you need to be aware of if you own a car, or if you are thinking about owning one for the first time in the near future. The question is: how can you limit how much a car costs you overall? As it happens, there are a few vital ways in which you can do this, … Read more

Rewarding Ways to Make Money

by Collaborative Poster

Making money doesn’t have to be soul-destroying, as there are many methods that you can explore which will be more rewarding than ever. Read on to find out more about ways to make money! Become a Babysitter Being a babysitter is such a rewarding role, as you get to help out busy parents by taking care of their children. There are many reasons that someone might need a babysitter for their kids, but no matter what, when a parent finds a trustworthy and responsible babysitter it’s a huge relief. And, it’s one of the great ways to make money. It’s a good idea to find local clients in one specific area so you don’t have to travel too far, as … Read more

Are Baby Boomers Really Doomed When it Comes to Retirement?

by Hank Coleman

There’s plenty of doom and gloom news surrounding the Millennial Generation’s financial management. But, new reports suggest Baby Boomers aren’t doing too well either. The baby boomers retirement is an important topic to understand. Baby Boomers, which are those born roughly between 1946 and 1962, seem to be missing the mark when it comes to saving enough money for retirement. As MarketWatch pointed out, the average Baby Boomer has just $263,000 saved in their employer-sponsored retirement plan, despite needing about $658,000 to live comfortably on. If the math holds up, this means the average Baby Boomer has saved less than half of what they really need to live on during retirement. This is especially concerning now that 10,000 or so Baby … Read more