Saving for retirement is something that every person needs to start thinking about at some point. Around 39% of adults that are saving will start doing so in their 20s, with a quarter beginning in their 30s. At that point, they weigh their options: should they simply put the money aside in a savings account, …
Most people know about the Roth and Traditional IRAs, but there are two alternative types of IRAs that are lesser known: the SIMPLE IRA and the SEP IRA. These types of IRA accounts are available to small business owners and while they have some similarities, they also have some differences. Today I’ll compare the two …
Simple IRA and SEP IRA Comparison, Differences, and Contribution Limits Read More »
I always read articles that tout retirement destinations with extreme caution, mainly because many of them are influenced by advertising dollars and are perhaps selling real estate on subsequent pages. However, this Business Insider article was told from the perspective of people who are already living in what they consider the 10 best places to …
Do you love buying books? Are you the type to stop at every bookstore in your path? Do you always buy at least one new book whenever you’re in a bookstore? It’s no secret to your family and friends that you’re a book fanatic. In fact, they enable your collecting habit by buying you books …
Where to Donate Used Books – 10 Options to Consider Read More »
Not that long ago, I met a guy who just decided that it was time to get started in the real estate game. He decided to become a real estate agent. But he didn’t end his education there. In fact, he decided to learn all he could about renovations too. This led to him flipping …
If you are looking to use your ROTH IRA as a retirement vehicle, but don’t have a huge balance, this post is for you! A Roth IRA, can be a powerful vehicle to not only accumulate property, but also do it in a manner that saves you money in the long term with the IRS. Some …
I like people who think ahead. In the case of Tori Dunlap, who wrote this article for Forbes, she’s thinking very far ahead. I was intrigued by her contribution and ability to forward think enough that I thought I’d come and share what she’s doing in today’s update. Overview 24 Year Old Dishes Tips on …
When it comes to places to retire, it seems like most Americans (especially those from the Midwest and the Northeast) make their way down to warmer climates in the south like Florida and Arizona where they can spend their days golfing and not having to worry about shoveling snow anymore. While the southern states of the …
Basically, if you’re looking for the type of retirement plan that you can fund using money that you’ve already paid taxes on, then you’d want to set up a nondeductible IRA. With a traditional IRA, you have the ability to use your income tax to deduct contributions. This is not the case with a nondeductible …
When the financial crisis in 2008 ravaged retirement accounts far and wide, I had friends who realized exiting the workforce was no longer in the cards so they delayed it for a while longer. They still had adequate savings, but they felt waiting was the right choice. When they envisioned their “happy retirement” it never took place …
An eye opening Forbes Magazine article definitely put some fear into American’s looking to retire in the next several years. The basis of the article stated that a large part of the population will struggle financially during their retirement. Citing insufficient savings and waning Social Security benefits, not to mention rising costs for care, the …
Forbes Paints Gloomy Outlook for Retirement When Next Financial Crisis Strikes Read More »
As a blogger who focuses on investing in retirement, I’ve always got my eyes on ways to save money as we get older. One often overlooked topic is that of Auto Insurance for Seniors. Today I’m going to talk about that in great detail, hoping that some of the tidbits of information last many …
The electronic cigarette industry is undoubtedly one of the fastest growing industries globally. Barely a decade since its introduction to the market, the industry has already achieved global popularity and might hit the $59 billion worth mark in less than 10 years to come. When loaning to invest in stocks, it is often recommendable to …
I’m all for alternative investments and diversification when it comes to long-term investing. Today I’m going to speak about how you can use your IRA to buy real estate. How IRA Real Estate Investing WorksI started this blog when I converted my SEP IRA plan managed by a financial advisor to a self-directed IRA plan. …
How to Invest in Passive Real Estate With Your IRA Read More »
It’s been a long year for me personally, and I haven’t had the chance to keep this website as up to date as I wanted to due to many personal reasons. However, today I came across an article on US News that I knew I just had to come and put in perspective that had …
In a not so shocking, yet disturbing report by CNN Money, it was announced that 66% of millennials have not saved a single penny for retirement. This doesn’t surprise me, to be entirely frank. I keep seeing the younger crowd buying the latest iPhone, the most popular video games, and designer clothing, all before dropping a …
Report: 66% of Millennials Have Zero Retirement Savings Read More »
If you are looking to head into retirement with a well stocked bank account, listen up. Today I’m going to highlight five books you can read that will help you kick start your savings routine. I read about this list on Time.com, and felt it was worth sharing and putting my own perspective on. By all …
My number one tip in planning for retirement is to not procrastinate. “I’ll do it later, there is plenty of time,” is an often heard out loud thought that many people possess. It’s never too soon to start saving for your eventual retirement and if you find yourself between the ages of 55 and 65, …
