The following is adapted from Fire Your Financial Advisor. Snow White was out for one year. Jack Spartan (Demolition Man) was on ice for close to 40. And Steve Rogers (Captain America) was frozen for almost 70. But Princess Aurora (Sleeping Beauty) wins the snooze button award for being asleep for a full century. My point—other than staying away from poisoned … [Read more...]
Do You Worry About Your Retirement Savings When the Market Tumbles?
In just a few months, the coronavirus managed to wreck health and the economy too. The value of your stock market portfolio, 401(k), or IRA might have plummeted because of it. And you had every reason to worry about what happened to your retirement savings when the market went up and down. But, there's no need to panic during emergencies because it may instigate you to make … [Read more...]
Investment Do’s and Don’ts to Maximize Your Retirement
As retirement grows closer and Baby Boomers begin making long-term financial plans, investment opportunities become prominent in financial discussions. With people living longer in retirement, it’s important to make investment decisions that will benefit their nest egg rather than taking from it. In order to make responsible investment decisions, there are some important do’s … [Read more...]
Do You Have a Retirement Spending Plan that Works for You?
Part of having an active “retirement spending plan” means you need the income to support it. That can mean a lot of different things depending on how you define retirement. Traditionally, retirement has meant that you work up to a point, cross a hard line in the sand, and stop working. Today’s retirees are much less likely to take this approach. Many Boomers are opting … [Read more...]
Why Baby Boomers Are Becoming Entrepreneurs Instead of Retiring
For decades, seniors who have reached retirement age have retired and claimed their Social Security benefits. However, a change in our retirement age has prompted Baby Boomers to seek out an alternative option: Becoming entrepreneurs, rather than enjoying a traditional retirement. The Changing Retirement Age This shift in approach to retirement is partly due to the fact … [Read more...]
