Should I Pay Off My Mortgage?

It’s common advice for retirees to keep their home mortgage as a lien against their property and use their life savings to pay for their living expenses in retirement. That’s because home equity has been one of the best investments for retirees, generating income through tax-free capital gains that can be accessed through a reverse…

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Don’t Worry if You Aren’t Ready for Retirement

Don’t worry too much about the retirement age, retirement benefits, and the ways to save for that special day when it all ends. The great news is you don’t have to be ready to retire to enjoy life as long as you can live a healthy lifestyle and avoid common financial mistakes. Here’s some good…

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Social Security Benefits While Working 

Social Security benefits are available to most people who work in the United States. Social Security retirement, disability and dependents benefits are available to workers who have paid into the system — but only if you’re disabled, retired or caring for a child or other dependent. If you’re employed, you may be able to receive…

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Are There Downsides to Retirement? 

No one ever tells you the downsides to retirement. When you’re working, your friends and family members are always asking, “When are you going to retire?” They paint a rosy picture of retirees spending their days on the golf course or traveling. They don’t tell you that retirement can have some serious downsides. In this…

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What is the SECURE Act? 

Based on the U.S. Bureau of Labor Statistics, only 55% of civilian adults take part in workplace retirement plans. Even those who invest fall short of the recommended percentage of their yearly earnings. Wealth management Vanguard data show that the median 401(k) investment for those 65 and older is a little over $58,000. Congress approved…

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What Are I Bonds and How Do I Buy Them? 

I bonds are a form of U.S. savings bond meant to protect the value of an investor’s money from inflation. The U.S. Treasury issued them to safeguard your money from losing value.  The interest rates for I bonds are regularly adjusted to caution investors from the ever-rising price of commodities. Additionally, series I bonds are…

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Should You Delay Retirement?

Retirement is a dream for most Americans. Sure, there are people like Warren Buffett who love to work whereas most people do not. If you’re one of those people who want to retire, the question arises of when a good time to retire might be. Some people will be fine retiring next week while some…

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Preparing For Incapacity & Long Term Care

Individuals who spend their lives building businesses that ultimately lead to a high income tend to be dynamic go-getters who don’t want to think about the limitations and possible incapacitations of old age. However, with smart planning in your 50s and 60s, you can protect your heirs from financial risk and even protect your business…

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