One of my pet peeves about the personal finance and investment industry is that it seems to be entirely focused on the “invest early and let compound interest work for …
There’s no point sugar coating it. When it comes to saving for retirement, baby boomers, especially those of us who have reached our 60s, are in a lot of trouble.
When it comes to financial security, Baby Boomers are somewhat of a mystery. On the one hand, we are often called “The richest generation of all time.” On the other …
In a previous article, I gave a simple example of how learning how to negotiate could help you to save an additional $44,500 for retirement. In fact, I argued that …
Would you like to save $1,000s (or $1,000,000s if you start early enough) more for retirement? It’s actually easier than it sounds… and way more fun than giving up your …
When we are in our 20s and 30s, most of us take a pretty random approach to managing our money (or not managing it as the case may be.) But, the older we get, the more we realize that we need unbiased, professional financial advice to prepare for retirement.
If you are in your 50s and 60s and haven’t saved enough for retirement, there are 3 short words that will kill all of your future dreams… “It’s too late.” In reality, there is plenty that we can do in the years leading up to retirement to give our 401K a boost. We just need to know where to start!
When we think about retirement planning mistakes, most of us think of things like “not starting to save young enough,” “taking on too much debt,” “not buying a house,” or “not saving 10%.” What these mistakes have in common is that they are all things that we do (or don’t do!) in our 20s, 30s and 40s.
Read any retirement planning book these days and one piece of advice will stand out – start saving early! Well, this is all well and good, but, the truth is that many of us are already in the final years before retirement. The decisions that we made in our 20s and 30s are set in stone. Now, we want to know what we can do to make the most of our money in the years that we have left!
In a previous article, I argued that announcing your retirement at work is one of the biggest financial mistakes that you can make. Not only can talking about your retirement result in lower compensation towards the end of your career, but, it can also limit your ability to work as a consultant, either for your ex-employer or one of the companies that you worked with in the past.