The best way to be effective at managing your money is to have clear goals, to prioritize them, and to take action to achieve them. If you’re trying to do too many things at once, it can be overwhelming and important financial accomplishments could be harder to achieve. Setting your money priorities the wrong way
Housing is the single biggest monthly expense for many families, so if you don’t have a housing payment to worry about during your retirement years your savings will last you a lot longer. Paying off your mortgage by the time you retire isn’t complicated; it just requires a little preparation. Your repayment plan If you
There are increasing numbers of older people starting their own business. When people retire they face a great challenge; how to survive without a job and how to find a purpose in life. For some it is an opportunity to pursue hobbies and sports that they love but others miss the buzz of the workplace.
My mom, who passed away a few years ago, was a very careful and meticulous person who kept a notebook with all of her online account passwords. Mom was also a Morse code operator in the Royal Air Force during WWII, so all of her passwords were in code. I was lucky: She told me
From technical glitches on the New York Stock Exchange to economic turmoil in Greece, in today’s information era of 24-hour news cycles, it can be easy to let emotions seep into your investment decisions. As you approach and transition into retirement, buy-and-hold waiting games in times of double-digit fluctuations can be scary and impractical. The
If you’re on the fast track to retirement, you’re probably busy planning your new, post-work world. Perhaps you’re considering a stint as a volunteer, or ready to sit back and do nothing for a while. Maybe you’re seriously considering a round-the-world trip – you know, the type you could never take when you were working full-time.