- What Is Passive Income and How Can You Make It?
Passive income is money you earn without actively working for it — as opposed to earned income from a job. In general, passive income comes from putting something you own — property, money, expertise that you share, say, in a… read more…
- Clark Howard Bio and Resources: Everything You Need to Know
Clark Howard is a consumer expert whose goal is to help people save more and spend less. He offers his financial advice through a nationally syndicated radio show and also makes regular TV appearances in his hometown of Atlanta, Georgia.… read more…
- Chris Hogan: What You Need to Know
Formerly a money coach and podcast host with Dave Ramsey’s organization, Chris Hogan is now a recognized personal finance expert with his own following. His first book, “Retire Inspired: It’s Not an Age; It’s a Financial Number,” came out in… read more…
- Where Are Retirees Moving – 2017 Edition
Each year millions of Americans put away their work clothes for the final time and call it a career. But many of these retirees don’t just retire and stay put. Many venture off to the warmer climes of Arizona or Florida to take advantage of year-round heat and relatively low costs of living. These retirees… read more…
- How Early Can You Retire in the 15 Largest Cities?
Does retirement sometimes seem like a pipe dream? It’s true that incomes and jobs aren’t what they once were. Plus, planning for something 20, 30 or 40 years in the future can be difficult. But with careful planning and financial management, it’s possible to save enough to enjoy retirement. Depending on where you hope to… read more…
- How to Create a Plan for Withdrawing Your Retirement Assets
While preparing for retirement is a good idea, having a plan in place for how to withdraw your savings is equally important. Without considering how you’ll use the funds in your accounts, you could run out of money or lose… read more…
- The Best Cities for a Relaxing Retirement
You’ve worked hard for 40-odd years and now you are ready to ready to enjoy a long relaxing retirement. But where should you live? You probably want to be somewhere affordable to get the most out of your retirement savings, but you may also want to be somewhere with warm weather and relaxing activities. It… read more…
- The Best States for an Early Retirement – 2016 Edition
Many people look forward to the day they can hang up their work clothes for good and enjoy their golden years. For most people, retirement occurs sometime in their late 60s or even their 70s. However, with careful planning and prudent financial management, it is possible to retire even earlier. There are many factors at play… read more…
- The Average Retirement Age in Every State in 2016
Not everyone leaves the workforce at age 65. Some people decide to retire before they reach full retirement age, even if they have to miss out on some of the Social Security benefits they’re entitled to receive. Others try to keep working for as long as they can because retiring early isn’t possible or they’re… read more…
- Top 7 Hacks for Saving More for Retirement
Worrying about having enough retirement savings can keep you up at night. If you’ve barely put anything away, it’s easy to panic or give up on saving altogether. But there’s a third option: You can find ways to funnel a… read more…
- 4 Ways to Prevent Medical Costs From Derailing Your Retirement
If you’re young, your retirement healthcare needs are probably the last thing on your mind. But even if your golden years are decades away, it might be a good idea to start thinking about how you’re going to pay for… read more…
- Can You Retire With Less Than $1 Million?
One million dollars is often cited as the amount that most people should use as their benchmark when trying to figure out how much they need to save for retirement. But you may be able to retire on less than $1 million, depending on your financial situation. While having a lot of money in the… read more…
- Should You Make a Move In Retirement or Stay Put?
Most people assume that once you hit retirement, it’s time to pack up and move someplace sunny. But surprisingly, many American seniors aren’t interested in straying too far from home. A survey from The American College of Financial Services found that 83% of retirees or near retirees had no plans to relocate in their later years.… read more…
- Should You Wait Until Age 70 to Retire?
Deciding when to retire is one of life’s biggest financial decisions. Many people wonder if they should wait to retire until age 70, and for good reason. Delaying retirement can boost your Social Security benefits. Your monthly checks could increase by up to 24% compared to retiring at full retirement age. It also gives your… read more…
- Does the 4% Rule Still Work for Retirees?
Planning for retirement involves more than just mapping out your savings strategy. You’ll need to know how much you can afford to spend once you leave the workforce. In the past, some financial experts recommended that retirees stick with the 4% rule when making retirement withdrawals from a 401(k) or similar retirement account. But it may… read more…
- 5 Ways You Risk Going Broke in Retirement
Everyone wants to be able to retire comfortably, but making that dream a reality is easier said than done. Even if you’re socking money away here and there, there’s no guarantee that you’ll have enough cash for your golden years. In… read more…
- Where Are Retirees Moving? – 2016 Edition
As the baby boomer generation ages into their 60s and 70s, the number of retirees in the United States is going to increase. So too will their economic sway. Many retirees, no longer anchored to a city or region by their job, choose to pack up and leave. Some seek a lower cost of living.… read more…
- 3 Retirement Planning Rules Rich People Swear By
If retiring rich is one of your financial goals, one of the best ways to make that happen is to study the habits of wealthy savers. When it comes to money, the rich know a thing or two about growing… read more…
- The Average Retirement Age in Every State in 2015
Choosing the right retirement age is as difficult as it is important. A premature retirement can also cost you a chunk of your annual Social Security income. Retiring too early could leave you short on savings years into your retirement. Regardless of when you retire, you’ll want to stick to a retirement budget to ensure your… read more…
- The Best States for an Early Retirement
Thinking about an early retirement? If so, you’ll need to plan carefully. There are a number of financial challenges for early retirees that those who wait until 65 or later don’t need to worry about. For instance, while you can start claiming Social Security benefits as early as 62, doing so will cut into the… read more…
- Why Your Retirement Age Matters
Whether your dream is taking early retirement or working through your eighties, you should know why your retirement age matters. Choosing when to retire is one of the biggest financial decisions you’ll make for the rest of your life and it… read more…
- Average Retirement Savings: How Do You Compare?
If you’re wondering what’s a normal amount of retirement savings, you’re probably one of the 60% of Americans who either don’t think their savings are on track or aren’t sure, according to the Federal Reserve’s “Report on the Economic Well-Being… read more…
- Where You Need to Be a Millionaire to Retire – 2015 Edition
Do you have a cool million dollars sitting in your retirement account? If not, you probably need to keep saving if you’re planning on retiring in one of America’s largest cities. Thanks to the rising cost of living in urban areas across the country, retiring in a big city is more expensive than ever. In places… read more…
- 3 Ways Retiring Early Can Hurt Your Finances
Early retirement isn’t the norm for most workers, but with some careful planning, it’s possible to quit the 9-to-5 grind 10, 15 or even 20 years ahead of schedule. Whether you plan to spend your golden years sunning on the beach or traveling the world, it’s important to be prepared for how leaving the workforce early… read more…
- Top 5 Reasons to Work Past Retirement Age
Once upon a time you worked at a job for 40 years or so. Then they gave you a cake, a gold watch and a pat on the back and sent you on your way, never to be seen or… read more…