The following post is by ESI from ESI Money, a blog about achieving financial independence through earning, saving, and investing (ESI). Itís written by an early 50ís retiree who achieved financial independence, shares whatís worked for him, and details how others can implement those successes in their lives. He is also the author of a free ebook titled Three Steps to Financial Independence. Early retirement is all the rage these days in personal finance circles. And when I say "early", I mean really early. I retired at 52 and today's … [Read more...] about Top 5 Early Retirement Killers That You Need to Know
The following is a guest post by Jeannette Bajalia who is the author of Planning A Purposeful Life: Secrets of Longevity, Retirement Done Right and Wi$e Up Women and president and principal advisor of Petros Estate & Retirement Planning. If you'd like to submit a guest post to Money Q&A, be sure to check out Money Q&A's Guest Posting Guidelines. The average person spends 30-40 years working, saving, investing and dreaming about the yellow brick road of retirement. I know this because I’m a baby boomer and have … [Read more...] about Retirement Income Tips To Implement from Jeannette Bajalia
Here is the next installment in our Reader’s Questions Series, which highlight questions emailed to me by you, the readers of Money Q&A. This time we’re talking about income replacement with dividends when you retire. Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover. If you’re not familiar with Dave Ramsey’s book, you should run right out and get it. It is one of the best personal finance books that everyone should read. Now….on to our … [Read more...] about When To Start Investing In Dividends to Replace Income In Retirement
The following is a guest post is by Professor William Birdthistle, author of the new book, “Empire of the Fund: The Way We Save Now". You can find out more about Professor Birdthisle and his book at EmpireOfTheFund.com. Empire of the Fund is an examination of the way we save now. For a video précis of the book, here is a short trailer: Over the past thirty years, America has embarked on a grand experiment – perhaps the richest and riskiest in our financial history – to change the way we save money. The hypothesis … [Read more...] about Three Solutions to Save Our Savings – Empire of the Fund
You see them every year, returning in the fall with their tans and highlights. They're the retirees who move to Florida for half the year. And, then there are those friends who packed up and moved to the locale of their dreams the moment they both retired. If you're nearing retirement, you might be contemplating joining them. Here's what to think about before you make the move to retire. Should you move when you retire? What Will Moving Cost You? Being retired doesn't mean you can suddenly make frivolous financial decisions. If anything, … [Read more...] about Should You Move When You Retire?
Maybe it’s because this generation makes less money than previous generations did, or maybe it’s because Gen Y burns through cash without saving much of it. But either way, millennials are not prepared long-term. This generation is pushing back the big financial decisions in life like buying a home and establishing a viable retirement plan. A new survey from the Indexed Annuity Leadership Council (IALC) reveals that 15 percent of millennials have less than $25,000 saved. One-in-three millennials say they set aside no money for retirement … [Read more...] about New Survey Shows Millennials Have Little Savings for Retirement