The benefits of aging include senior discounts, wisdom gained from experience and â when it comes to retirement saving â catch-up contributions. Anyone 50 and older have the option to contribute extra cash to a wide variety of retirement accounts. And ⦠Continue reading â
The post Retirement Catch-Up Contributions Get Bigger But Beware These Tax Changes appeared first on SmartAsset Blog.
The new federal law could make it easier for student loan borrowers to repay their loans while saving for retirement.
Betterment offers the best combination of investment options, tax-loss harvesting and low fees of any robo-advisor – with no minimum investment requirement.
The post Betterment Review: The Original Robo-Advisor Service appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
ABLE accounts are a 529 account with all kinds of bells and whistles built specifically to serve disabled Americans. After years of grassroots advocacy efforts from the disability community, ABLE accounts were birthed into legislation in December 2014. And thanks to legislation passed in late 2022, more people will become eligible for it soon (more […]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
If youâre approaching retirement age, you have a lot to think about. Focusing on limiting your tax liability can be especially valuable. After all, the more taxes you pay in retirement, the less money youâll have to live off. If ⦠Continue reading â
The post 5 Ways to Reduce Tax Liability in Retirement appeared first on SmartAsset Blog.
Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, thatâs not the case with many assets. For instance, you can buy a house or set up a savings account without ⦠Continue reading â
The post Differences of Beneficiary Designations vs. Wills appeared first on SmartAsset Blog.
Retirement is a major milestone that most couples look forward to. But some couples find the transition to retirement negatively impacts their marriage, sometimes resulting in irreconcilable differences and divorce. Rates of late-in-life divorce, also called âgrayâ divorce, have risen ⦠Continue reading â
The post How to Navigate a Divorce After You Retire appeared first on SmartAsset Blog.
Hello! Please enjoy this amazing post by a blogger friend. Women face different obstacles than men do when it comes to investing in the stock market. Right off the bat, they tend to have less in savings because women often take time off to raise children. With years of not earning a salary, there is […]
The post The Smart Woman’s Guide To Investing Success appeared first on Making Sense Of Cents.
It’s been two years since I last looked at my overall financial situation to determine whether I have the resources to meet my goals. In those two years, much has changed.
I sold my condo and bought a home in the country. I repurchased Get Rich Slowly. I invested in not one but three other businesses. The stock market has bounced around, I’ve begun part-time work at the family business, and I’ve made many other minor adjustments to my daily life.
With all of these fluctuations, I’m naturally left to wonder: Am I still financially independent?
As I’ve mentioned many times, financial freedom exists along a continuum. For the sake of this article, I’m discussing the fifth stage of FI, the point at which investment income supports standard of living.
![[The Stages of Financial Freedom]](https://www.getrichslowly.org/wp-content/uploads/23440575834_c247120755_b.jpg "It took me far longer to create this graphic than you might expect. I am not a graphic artist.")
At the end of 2016, I was FI (but only just). What about at the end of 2018? Do I still have enough saved to fund my future indefinitely? Let’s find out.