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4 Situations When You Shouldn’t Save for Retirement
Tweet Share on Facebook July 13, 2011 CommentAlmost all of the financial literature advises you to save for retirement as much as possible. And for the most part, following this advice will help you to do well, especially considering the proportion of workers who are drowning in debt and have little or nothing saved for their later years. Yet, if you blindly follow this advice, you might not end up with the comfortable life this strategy often promises. Here are four situations when it doesn't make sense to save towards your retirement.
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Income Diversity Can Ease Your Retirement
Tweet Share on Facebook July 13, 2011 CommentMany people assume that accumulating a huge nest egg is the best way to save for retirement. A nest egg worth $1 million, for example, would allow you to safely withdraw about $40,000 from your retirement account each year. As long as you can live on $40,000 a year, this can be a good plan.
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6 Reasons to Consider Medellin for Retirement
Tweet Share on Facebook July 11, 2011 Comment (15)Medellin, Colombia, is emerging as a top potential overseas retirement spot. The modest cost-of-living, pleasant climate, and friendly people are drawing individuals from all over the world. Here are six reasons to consider Medellin for retirement.
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7 Ways to Pay for College Without Sacrificing Retirement
Tweet Share on Facebook July 8, 2011 Comment (2)Usually about the time you start to think seriously about saving for your retirement, you're also facing the reality of helping your kids finance their education. You can aim to do both, but don't forsake your retirement livelihood to give your child a debt-free college experience. Retirement savings should always come before your kid's college needs. Here is how you can help finance your child’s education without hurting your retirement finances.
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Fear and Panic Can Clobber Your Returns
Tweet Share on Facebook July 7, 2011 CommentThere’s a lot of bad news spooking investors these days. The possibility of a default by Greece could cause a domino effect that might threaten the euro. Will Italy, Spain, and Portugal be next? The economic recovery at home continues at a sluggish rate. The decline in the housing market seems endless.
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5 Ways to Help Your Children Become Wealthy
Tweet Share on Facebook July 6, 2011 Comment (1)Becoming wealthy by the time we retire is a goal many people strive for. But due to the scarcity of time, few of us ever achieve this feat. Our children, however, have plenty of time to let compound interest help their money grow. And parents can significantly increase the chances that their children will become wealthy in their lifetime. Here are five ways to help your children build wealth.
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12 Overseas Retirement Spots Ranked
Tweet Share on Facebook July 6, 2011 Comment (6)The cost-of-living is one important consideration when trying to identify the ideal place to retire overseas. However, it’s hardly the only criteria you should use.
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Should You Pay Off Your Mortgage or Invest?
Tweet Share on Facebook July 1, 2011 Comment (1)Paying off your mortgage lowers your monthly expenses and gives you the guaranteed return of paying down debt. However, the potential rewards could be higher if you invest your cash, depending on how you allocate your money.
