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If you've been reading financial advice for a while, you'll probably have heard repeatedly that saving for your retirement is one of the most important things you can do to secure your future. You’ll probably spend the rest of your life working on a pension plan, and those plans will continue to change. You may wonder if you can make up for lost time or...

A Revocable Living Trust is a document that specifies how you want your property to be distributed after your death. It's also called an "inter vivos" trust because it's created while you're still alive and living, so it can be changed anytime during your lifetime. Revocable Living Trusts are well suited to many types of families. Some people use them when establishing a new family estate,...

When it comes to retiring early, some of the benefits are obvious. You get to live your life without the constraints of work, and you can pursue your own interests. But there are other good reasons for retiring early, and there are some reasons why retiring early is not the greatest idea. Your Dedication is Gone One of the good reasons to retire early is that you...

Longevity and the Retiree According to The Centers for Disease Control and Prevention, almost 75,000 Americans are centenarians, that is, they are more than 100 years old, and this aging demographic is having a dramatic impact on the labor pattern in the U.S. Rather than retiring at the traditional age of 65, more than 30 percent of adults in the 65 to 69 age bracket are...

Life insurance myths are some of the most persistent misleading misinformation affecting people planning retirement. These analytics are commonly severely lacking in adequate research to back up popular perceptions. Consequentially, a few have fallen into avoidable financial traps. Insurance has the potential to be the strongest plan with the right guidance.  Benefits of utilizing life insurance: 1. Protection of income in an untimely death to help the...

As people get older, they often begin to think more about retirement. For many, this is a time to relax and enjoy the fruits of their labor finally. However, retirees must be mindful of their finances, especially during inflation. With the cost of living increasing, it cannot be easy to maintain the same standard of living on a fixed income. Here are seven tips for...

For a happy retirement, you need to have an income that will sustain the lifestyle you want. If you're getting a pension from work or someone else's work like your spouse, then congratulations - you're all set! But if not, it can be challenging for people to imagine how they will afford their old age on their own. Luckily, many financial instruments and other tools out...

Are you worried about your retirement income? You're not alone. Many people are concerned that they won't have enough money to live on in retirement. One way to help ensure a comfortable retirement is to ensure your 401k is working for you. In this article, we'll discuss ways to make your 401k pay off like a pension plan. We'll also give you some tips on...