It is part of the American dream to travel especially as retirement approaches. All throughout the working years, weeklong trips or weekend gateways were simply a taste. In retirement, 60% of folks make traveling a priority, but the high costs of it and health concerns hinder many retirees from
In context, a financial bubble is observed disbelief when prices increase, and stocks become overvalued. A bubble can pertain to individual stocks, an entire sector, market, or asset class. When the bubble ‘bursts’ stocks or assets are sold off and prices rapidly decline. The burst leads to a crash.
Saving emergency funds is not something you are unfamiliar with. During the working years, everyone encourages six months of living expenses put aside. This advice does not stop in retirement. You may experience many of the same potential emergencies that require access to that savings. However, in addition, during
In economic uncertainty, finding answers that provide both savings and an income during retirement becomes challenging. While you try to recover from a downturn, so are companies. And history speaks for itself: employee retirement programs are usually the first cut. This was seen after the Great Recession when corporations
Not your typical retirement account, a Health Savings Account allows you to set money aside to pay for qualifying medical expenses. Being able to contribute now will make retirement easier later. Good news: Contributions are tax-deductible AND never expire! Here’s why you should consider an HSA. A tax break
A home cannot be sold unless the foundation is sturdy, correct? A retirement portfolio cannot succeed without a solid foundation as well. For retirement, that foundation is Social Security, and SS is typically 40% of a retiree’s income. Like a home, each person’s benefits will vary. No situation is