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5 Unconventional Ways Retirees Can Cut Spending
Tweet Share on Facebook April 29, 2011 Comment (2)One of the greatest threats to your financial security in retirement is your spending. Retirees often have time on their hands and they sometimes fill that time by emptying their pockets and ruining their credit score. Cutting spending has to be your focus if you want to have a retirement life free of money worries. Here are five unconventional ways to reduce spending in retirement:
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Ignore the Hype About Municipal Bond Defaults
Tweet Share on Facebook April 28, 2011 Comment (4)Many investors think the municipal bond market is about to implode. Respected analyst Meredith Whitney predicted on 60 Minutes that massive defaults by the states “are the largest threat to the U.S. economy”. So, is it time to dump your municipal bond holdings ahead of the impending crash?
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How to Save Money on Health Insurance
Tweet Share on Facebook April 27, 2011 Comment (9)If you are paying for your own health insurance, you may be able to save money by switching into a high deductible health plan and using a health savings account. According to research by the trade group America’s Health Insurance Plans, about 8 million Americans were enrolled in a high deductible health plan in 2009. That’s only a tiny fraction of the 253 million insured Americans that year. Here is how to decide if a high deductible health plan is right for you.
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5 Reasons to Make an Estate Plan
Tweet Share on Facebook April 27, 2011 CommentSome people think they don’t have enough assets to make an estate plan. But creating an estate plan can be beneficial even to those without a significant nest egg. Here are five reasons estate planning can be advantageous to not just your heirs, but to you as well.
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Discounts and Perks When You Retire Overseas
Tweet Share on Facebook April 26, 2011 CommentSome countries not only welcome foreign retirees, but compete for their attention. Special benefits programs offer resident retirees discounts and money-saving perks in countries including Belize, Ecuador, Nicaragua, Uruguay, and Malaysia. There are also often exemptions from import duties associated with bringing personal belongings, household goods, and even a vehicle into the country.
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5 Ways to Safeguard Your Nest Egg From Your Children
Tweet Share on Facebook April 22, 2011 Comment (3)Many parents would spend any amount of money to help their children get out of debt or get ahead. But loaning or giving money to your adult children could do serious damage to your ability to retire comfortably. Making sure your children are financially independent is one of the best things you can do to protect your retirement savings. Here’s how to safeguard your nest egg from your children.
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The Secret to Smart Investing
Tweet Share on Facebook April 21, 2011 CommentHere is the secret to smart investing: Don’t buy any actively managed stock or bond mutual funds.
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Happy People Save More Money for Retirement
Tweet Share on Facebook April 20, 2011 Comment (2)More than half of Americans report having less than $25,000 saved for the future, according to a 2011 Employee Benefit Research Institute survey. An Associated Press and LifeGoesStrong.com poll found that 25 percent of baby boomers have no retirement savings at all. And the American Institute of Certified Public Accountants recently revealed that 56 percent of the people in their poll are not even saving for retirement.
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6 Reasons to Tone Down Your Inflation Worries
Tweet Share on Facebook April 20, 2011 Comment (6)Inflation can be challenging for retirees to cope with because it will eat away at the purchasing power of your savings. You will need to spend a little bit more of your savings each year to maintain your current lifestyle. But the impact of inflation will not be as bad as some people are saying. Here are six reasons inflation won’t prohibit you from retiring comfortably.
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Why 401(k) Loans are a Bad Idea
Tweet Share on Facebook April 19, 2011 CommentMany Americans facing financial difficulties see borrowing from a retirement account as a reasonable solution. When you borrow from your retirement account, you pay yourself back with interest. While this is a tempting thought, you should realize that there are consequences to borrowing from your nest egg that go beyond paying penalties if you don’t repay the loan on time.
