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7 Retirement Planning Mistakes to Avoid
Tweet Share on Facebook June 22, 2011 CommentDeciding to make a plan for retirement is a great first step. But there are no guarantees that your saving and investment strategy will lead to a secure retirement. Once you start your plan, make sure you take care to avoid these seven retirement mistakes.
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The Only Investment You Will Ever Need
Tweet Share on Facebook June 21, 2011 CommentThe Italian economist Vilfredo Pareto is famous for creating what is now known as the Pareto Principle, or the 80-20 rule. Pareto discovered that 80 percent of the land and wealth in his country was owned by 20 percent of the population. Subsequent research showed similar land and wealth distributions in other countries and proved the concept could be applied to other topics. The Pareto principle is a popular concept in management and economics, and can even be applied to personal finance. Applying the Pareto Principle to our financial planning can help the approximately 80 percent of the population who are beginning to intermediate investors and don’t have the time or desire to devote to managing an investment portfolio full-time to gain the most results with the least amount of effort.
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10 Retirement Abroad Havens Compared
Tweet Share on Facebook June 20, 2011 Comment (3)Every potential retirement locale has benefits and drawbacks. There is no such thing as a one-size-fits-all retirement haven, and no retirement choice is perfect. Here are some of the pluses and the minuses of ten of the world’s top overseas retirement havens.
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Should Married Couples Combine Finances?
Tweet Share on Facebook June 17, 2011 Comment (1)Some couples maintain individual bank accounts after they are married, while others put all their money together in joint accounts. Both of these financial strategies can lead to long-term success. The key is to be on the same page as your spouse about whether or not you will combine finances.
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Why I Won’t Be Buying Groupon Stock
Tweet Share on Facebook June 16, 2011 Comment (1)The initial public offering (IPO) for Groupon has attracted a lot of investor attention. As almost everyone knows, Groupon is the two-year-old start-up which offers its subscribers significant discounts for a limited period of time. Companies seem happy to slash their prices in exchange for access to Groupon’s huge customer base.
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6 Secrets to Filling Your Time in Retirement
Tweet Share on Facebook June 15, 2011 CommentMost people look forward to all the extra time they’ll have in retirement, picturing more frequent rounds of golf, more extensive travel, or just more time in a comfy chair to read some books. That’s probably why many folks are surprised to find how overwhelming it can feel to face filling all those extra hours vacated by their former jobs. Glenn Young, a recent retiree in Bountiful, Utah, completed his entire list of backlogged tasks around his house in just the first month of his retirement and is wondering what to do next. Here’s how to figure out what’s next for you.
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5 Little-Known Benefits of 401(k)s
Tweet Share on Facebook June 15, 2011 CommentMost people know that they should be contributing to a 401(k). Contributions are added to traditional 401(k) accounts before tax, which reduces your income tax bill each year. But there are also a variety of side benefits that your 401(k) is providing you, in addition to the company match. Here are a few additional perks of contributing to a retirement account through your workplace.
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5 Excuses Sidetracking Your Retirement Savings
Tweet Share on Facebook June 15, 2011 CommentRetirement investing is like going to the doctor for an annual checkup: We all know we should do it, but it’s easy to make excuses and skip it. Many of us fail to realize that it’s rarely as painful or difficult as we imagined it would be, and the benefits are always worth it. Here we debunk a few common excuses some people use to justify not investing for retirement.
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20 Frequently Asked Retire Overseas Questions
Tweet Share on Facebook June 13, 2011 Comment (1)Beginning to think about the possibility of retirement overseas can be intimidating. Most people have a lot of questions when they are in the early stages of planning a new life abroad. Here are answers to some of the most frequently asked questions about retirement overseas.
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Why Smart Investing Eludes Most Investors
Tweet Share on Facebook June 10, 2011 CommentThe definition of smart investing is simple: Obtain the highest possible return for a given level of risk. But if you are like most investors, this process has eluded you. Here’s why:
