Category: Retirement

Retirement Savings Growth 0

You should start saving for your retirement when you are young

A lot of people spend their 20s spending money as they get it, for necessities like food and rent or for luxury items that they don’t really need. In their 30s, they may have moved up to home ownership, but they’re still spending all their money on their mortgages, their children and travels. By the time they’re in their 40s,...

Million Dollar Retirement 0

Million Dollar Retirement

One of the questions people often ask is that whether they can retire on a million dollars. In this article, we are going to discussion how much income you can expect in a million dollar retirement. First of all, congratulations to you if you are one of those fortunate ones who amassed a million dollars in your nest egg. It...

12 common retirement income sources 0

12 Common Sources For Retirement Income

In my previous articles, we discussed about what Financial Independence is and why it is important to actively involve in retirement planning. Let’s review the 12 common sources for retirement income so that you can better prepare for funding your retirement. Social Security This is one of the most obvious one on the list. You work hard during your career...

Financial Independence 0

What is Financial Independence?

Financial independence, defined as simply as possible, might be described as: Paying your bills and having a few dollars left over. Maybe it’s a little more complicated than that, maybe you need more than “a few dollars” to really claim financial independence. But that definition expresses the basic principle of it rather well. If you have a million dollars in...

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15 Ways To Generate Extra Income and Enjoy Doing It

Earn Extra Income As a senior citizen it may be hard for you to get a full-time or even a part-time job, simply because many companies don’t like to hire older workers. Fortunately, there are plenty of other things you can do for extra income. Here are 15 ways you can get some cash into your hands or your bank...

10 ideas on saving retirement dollars 0

10 ideas to save you thousands of retirement dollars

After building up a sizable nest egg for your retirement, you don’t want to see your hard earned money go wasted. Here are 10 ideas to save you thousands of dollars during retirement. Downsizing The floor space in your home is costing you money even if your home is paid off. If you are in a home that is too...

Retirement Planning 0

Why Retirement Savings Require Your Active Involvement

Retirement in the past Up until the 1980s, Americans didn’t worry much about retirement. People either worked or, after the 1930s they had social security and pensions. And that seemed to be more than enough for the golden years and relaxing after a career span of 25 or 30 years working. Today Fast forward to today, pensions outside government don’t...