How a Spouse Who Still Works Can Affect Your Retirement

Even if you’re opposites in many ways, the beliefs, values, and activities you share in common with your spouse probably help your marriage work. Retirement can throw this balance off if one of you continues working.

When one spouse heads off to work as the other stays home, resentment, financial worries, and disputes about how to spend your time can boil over. Here’s how a marital retirement mismatch can affect your relationship—and what to do about it.

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How Long Will My Money Last In Retirement?

how long will my money last

Have you ever asked yourself how long will my money last? If you’ve come to the conclusion that Social Security alone will not provide you with the retirement you’re looking for. You need to take action. You might be want to retire by age 40, …

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How Much Money Do You Need For Retirement?

How Much Money Do You Need For Retirement

Have you ever asked yourself how much money do you need for retirement? Most of us work for our day-to-day needs. However, despite working hard, planning for the long-term future is usually put off. You sometimes think that you can always plan later when the …

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6 Things You Need to Do to Prep for Retirement

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Everyone wants to have a good retirement. But you can’t expect to have a fruitful retirement without putting in some legwork ahead of time. There’s a wide variety of things you need to consider in order to get ready for your golden years. Here are …

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Financial Freedom

Financial freedom has a very long history. In more recent years it has affectionately become to be known as the FIRE movement, Financial Independence, Retire Early (FIRE). Its concept is basic in nature, learn to slash your expenses and save as much as your income …

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The Top Ten Things FIRE (Financial Independence Retire Early) People Won’t Tell You

I’m a big fan of the top ten list. One of my all-time favorite talk show host David Letterman made them famous. I have always been a fan of his quick wit and sarcasm.

So in that vein, today I introduce a new feature on the blog, my own series of top ten list that will poke fun at the world of personal finance and bloggers.

Today I set my sights on the FIRE crowd. All of a sudden there are all kinds of FIREs coming out of the woodwork. Lean FIRE, Fat FIRE, and Mr.1500’s Fart Fire.

They are indeed a feisty and festive crowd worthy of a top ten list.

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So here is the Top Ten Things FIRE (Financial Independence Retire Early) People Won’t Tell You:

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Effective Tips for Retirement Savings

They say that a journey of a thousand miles starts with a single step. The same can be said for retirement planning.

How much have you contributed to your retirement so far this year? Will you have enough to live on for the last twenty or thirty years of your life? If you are like most people today, the answer is somewhere between “not enough” and “I’ll never retire at this rate!” The lack of retirement savings by Americans is a growing crisis now that a mere 28% of millennials have more than $10,000 saved and 42% of millennials have no retirement funds at all. Still worse, 31% of Generation X between the ages of 35 and 54, now closer to retirement, haven’t saved anything at all.

It is easy to see why so few have retirement funds tucked away as we all feel the weight of student loans, healthcare expenses, rising home prices, and the lure of instant gratification. A secure retirement, however, is really just a matter of careful long-term planning. While the number of Americans without savings is alarming, it is also true that 25% of workers over 55 have more than $300,000 saved—showing the real power of long-term planning. So how can you put yourself in that 25% who can retire confidently at 65?

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