Saying goodbye to your 9-to-5 may also feel like you’re saying goodbye to a piece of yourself.
No matter who you are, retirement is a big deal. Planning for retirement can take up a lot of time, and that means it’s important to approach it in the right way.
Education is an investment that can push you or a family member toward obtaining an advanced degree and a successful future. If you’re stashing cash away in a 529 college savings plan, it’s important to create a strategy that helps you grow your investment, meet your long-term goals and eliminate the temptation to steal from your financial future.
How can you protect your 529 college savings plan from impulse buys?
Money can often be an uncomfortable topic, especially when you have to talk with your parents about their money. It may eventually become your job to ensure your parent’s financials are in order and you have a plan that meets their wishes. Even if your parents are capable of managing their money now, it would be helpful to discuss what happens if they become unable to do so.
A new study funded by the Center for Retirement Research at Boston College found that women spend less of their lives married. Looking at households from the Depression Era to Mid Baby Boomers, the study found the percentage of years women spend married has dropped from 70% to 50%. Three factors contributed to this drop.
You may think lost money is ridiculous, but it’s more common than you might imagine. Last year, over $3.2 billion of unclaimed property was returned to its rightful owners, yet 60% still goes unclaimed. The US government has implemented active outreach programs to reunite unclaimed property owners with their lost or forgotten assets. Is it possible that you started a savings account and then forgot about it? Or maybe haven’t cashed a dividend check you’ve received?
If you are a small business owner, insurance is something you will need to address. It can be stressful to think about the additional costs involved in getting your business up and running. However, every business owner should have a basic type of business insurance in order to safeguard your business and your livelihood.
You might feel like your cash may be better spent elsewhere, but having coverage for your business is always a good investment.
According to new research by the Center for Retirement Research at Boston College, US households are claiming their Social Security much later than they did ten years ago. In 1995-1999 over 50% of eligible 62-year-olds claimed Social Security as soon as they could. Ten years later, less than one third did.