You have probably read that the sooner you begin saving, the better, because the magic of compounding can make you wealthy. But what if you don’t start early and still want to accumulate a nest egg that will carry you through your retirement years? The article below shows the amount you must save and the […]
Author: Danny
Mental Preparation for Retirement
Retirement brings on a significant change of life. Schedules change. Routines change. Responsibilities change. As a result, we can feel a lack of purpose and loss of daily contact with those with whom we worked. Add to all those changes, a significantly increased amount of time with your spouse. The linked article below offers some […]
Is Break-even Analysis The Right Analysis for Receiving Social Security?
This article examines the question many people ask about when to start Social Security income. http://www.wealthmanagement.com/retirement-planning/show-me-social-security-money?NL=WM-27&Issue=WM-27_20180625_WM-27_796&sfvc4enews=42&cl=article_1&utm_rid=CPG09000007845439&utm_campaign=14815&utm_medium=email&elq2=3df847024cf44bf4bba2b3742f1cca97
What Does It Take To Be Wealthy?
This is an interesting survey and article. Some count wealth in terms of dollars or other possessions. Others count wealth in terms of relationships and contentment. Obviously, we need money to live our lives, but true wealth has different meanings to different people. https://www.bloomberg.com/news/articles/2018-05-15/how-much-money-do-you-need-to-be-wealthy-in-america
First Time for Everything
For the first time ever, there’s now a job opening available for each and every unemployed worker. According to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS), there were 6.6 million job openings in March, compared to 6.59 million unemployed workers.
Best month in history for U.S. budget
The government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001. https://www.washingtontimes.com/news/2018/may/7/cbo-says-april-was-best-month-history-us-budget/
Target Date Fund Options in 401(k)’s
While Target Date Funds in 401(k) plans have performed well since the Bull Market that began 2009, this article does a good job of exposing the risk in those funds. https://www.thewealthadvisor.com/article/will-your-target-date-401k-fund-blow-your-retirement?
Salary Needed To Buy Average Home – By State
How much income do you need to afford the average home in your state? The answer may surprise you. Most of the nation’s housing markets have now almost completely recovered back to pre-housing-bubble levels, with many markets far surpassing those peaks. Howmuch.net collected average home prices for every state from Zillow, and then plugged the […]
Social Security Is Shortchanging Widows and Widowers
It is important to know that Social Security employees are not allowed to give you advice. By not knowing your maximized Social Security strategy prior to filing for benefits, you could lose literally hundreds of thousands of dollars. Here is an example of what has happened to many widows and widowers who did not file […]
Do You Have $10,000 Saved?
Do you have at least $10,000 saved for retirement? If so, congratulations, you’ve managed to put away more than 40% of all working-age Americans. A recent survey from Bankrate.com found that despite the brisk jobs market and increasing wages, Americans still aren’t saving much. Only 16% of survey respondents stated they saved at least the […]