Search Results for: retirement

CountAbout Review – Easily Keep Track of All Your Finances

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When you have multiple credit cards, loans, checking/savings and investment accounts, retirement savings accounts, and bills to keep track of, managing your personal finances without missing deadlines or losing track of transactions can be enormously difficult on your own. Fortunately, there are plenty of hands-off money management strategies, mobile apps, and personal finance software programs available to help consumers more effectively track their spending and saving patterns and maintain their financial well-being. However, few apps and finance software programs can compare to the latest fintech wunderkind: CountAbout, a customizable, easy-to-use, and secure personal finance software. Unlike many personal financial management software programs, CountAbout simply requires an Internet connection (rather than taking up valuable space on your laptop or desktop computers’ … Read more

Pros and Cons of Paying Off Your Mortgage Early

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Understanding The Types Of Mortgages Available To Save You Money

One of the most significant financial events in an adult’s life is the moment when they pay off the mortgage on their home. It’s something we spend decades preparing for by faithfully making our payments on time and in full, month after month until the home finally belongs to us. As of 2017, 34% of Americans had 100% equity in their homes, which means they either paid off the mortgage or bought their homes outright and never had a mortgage loan in the first place. If you’d like to join the mortgage-free club in the future, there are many reasons why you might (and might not) want to pay off that mortgage loan early if you have the means to … Read more

Long Game Review – How to Turn Saving Into a Game

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Long Game

Americans are not very good about saving money, as the latest statistics from a Bankrate survey suggest. 19% of Americans don’t save anything, 21% of Americans save 5% or less of their annual income, and 25% only save about 6-10% of their annual income. Yikes! Combine these gloomy stats with the fact that about 40% of Americans retire with less than $10,000 saved up and a financial disaster is surely waiting to happen. Most people know how important it is to save money for unexpected expenses and long-term goals like retirement, so why are so many Americans still living at their means instead of below them? There could be many possible explanations. Money is tight, income-boosting opportunities are scarce, an … Read more

5 Problems with Quitting Your Job to Travel the World

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quitting job to travel

There are countless stories circulating online about people who felt burned out from work so they saved up thousands of dollars, quit their jobs, and put their most treasured possessions in storage and began traveling the world with little more than a suitcase and laptop. In many cases, these people became travel bloggers, social media influencers, freelancers or English teachers to supplement their income while traveling – but how realistic is this major lifestyle decision? Even if you’re able to make money while jet-setting to different countries every few months, you likely wouldn’t be able to completely replace your regular job’s income, no matter how much the handful of successful travel bloggers promise it’s “possible” for anyone with the right … Read more

What Is an Inverted Yield Curve? And Why Investors Should Care

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There’s a lot of anxious buzz in the news lately about the potential for a market downturn – or even another “great recession” as some outlets are calling it – which was sparked largely by the brief inversion of the yield curve on Wednesday, August 14th. Specifically, the yield on 10-year U.S. Treasury notes fell lower than yields on the 2-year Treasury note, which left investors unsettled over the possibility of a recession hitting the U.S. economy in the near future. As an investor yourself, should you be worried about the yield curve or should it be chalked up to overblown media hype? The answer is more considerably complicated than a simple “yes” or “no” in regards to whether the … Read more

How to Budget for the Costs of Medicare

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Benefits of a health savings account

The following is a guest post by Danielle K. Roberts, co-founder of Boomer Benefits, who’s an expert on Medicare costs and how to budget for Medicare costs. If you’d like to contribute a guest post to Money Q&A, be sure to check out the site’s guest posting guidelines. Many people are unaware of just how much Medicare costs are until they turn 65 and are preparing to enroll. After all, we see during our working years that the federal government is deducting FICA taxes from our payroll checks, and we assume that means that one day Medicare will be free. Unfortunately, that’s just not the case. While your payroll taxes do help to fund your future Medicare Part A hospital … Read more