Tips and information on preparing for retirement or managing money and investments in retirement
Creating a vision for your retirement is critical to your happiness in your golden years. Jim and Beth retired 5 years ago. They were both excited to finally be done with work after over 30 years and were on to a new chapter in their lives. They had been dreaming Read more…
Over the years working in corporate America, I have encountered people who were self-proclaimed “trust fund babies.” They only worked to have something to do or to pave their own path in some way. I had a lot of respect for that, and at the same time, I found myself Read more…
How to plan for Social Security in retirement is a concern for many. This article explores how social security works, what might happen with social security moving forward and when you might want to begin collecting your benefits. Social Security was introduced in 1935, in the bowels of the Great Read more…
Do you hope to retire at some point? Is it in the next 5 years? 10 years? 20 years? longer? Now is a good time to assess if you’re going to be ready. Do you know how much money you’ll need to retire? Read on. What retirement do you envision? Read more…
Most things have an order to them. Building a house, planting a garden, making a meal. Retirement planning is no different. In order to maximize your savings and earning potential, there are recommendations on the right order of retirement savings, including which “buckets” or accounts to invest in to get Read more…
If you have access to a 401k or 403b account with an employer match, your first step in retirement savings should be to contribute to the point of the employer match in that account. Once you’ve done that, an Individual Retirement Account or IRA is the next place you’d turn Read more…
Do you earn too much to invest in a Roth IRA? Do not fret, a backdoor Roth IRA can help you. The Roth IRA is a significant tool for wealth building. It allows you to contribute money annually (in 2021, $6000) in an after-tax manner. But, the bonus is that Read more…
My beginnings formed my relationship with money. I grew up with a single mom. She consistently worked three minimum-wage jobs at a time to make ends meet. My childhood was the definition of scarcity. We didn’t have a car. We lived in government-subsidized housing. My lunches consisted of grilled ‘government’ Read more…
Health Savings Accounts (HSAs) are a significant tool to increase your retirement savings, especially due to their tax-friendly nature. If you have the option available, you may want to consider it. A Health Savings Account (HSA) can feel very daunting. In order to qualify for one, after all, you have Read more…