Save for Retirement or Enjoy Life Now?

Save for Retirement or Enjoy Life Now?

It’s typically a joke you hear your parents say: “We’re spending your inheritance, but we’re having fun while doing it!” Couples and individuals of all ages contemplate whether they should focus on putting away money for their retirement years or spending the money now on things they love doing, like traveling, charity or buying a dream home. We cover ways to strike the balance and how to figure out if you’re saving enough.

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Retirement: Dream It, Plan It

Retirement: Dreaming Is Okay, But Realistic Planning Is Better

We’re all aware of inspiring adages such as, “Follow your dreams and the money will follow,” or, “Anything you can imagine, you can do,” or, “Reach for the highest star.” While it is important to have hope and inspiration to achieve as much as you can, a problem may arise if dreaming of achieving distant goals becomes a form of avoidance and procrastination. Yes, you still can write that novel that Hollywood will buy for an insane amount of money. And, yes, you can still start that wevbsite that generates millions. Keep working at it, but also make sure you also have a realistic view – and plan – for your future

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senior-couple-on-beach

How to Manage Your Money after Retirement

You’ve worked hard for a lot of years and the day has finally arrived. Your office mates threw you a party. You packed up your belongings. And you drove away from work for the last time. You did it. You retired. For many people, retirement means freedom. And while retirement does bring some freedoms, some restrictions come with it, too. In order to manage your money well after retirement, you will need to find a good balance between the freedoms and restrictions.

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Retirement Savings: 401(k), IRA or Both?

Should You Contribute to a 401(k)?

It’s one of the fundamental rules of financial planning: you must save for retirement. But what is the best way to do it? Most people have access to a “defined contribution” retirement savings plan through their employers, like a 401(k). Here’s what it is, if you should contribute to one and other retirement savings options.

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How to Increase Social Security Benefits

3 Ways to Boost Your Social Security Benefits

As many Americans know, you can retire and start collecting Social Security benefits anytime from age 62 to 70. Most people start collecting right away at age 62. But what many people don’t know is that you can raise your benefit substantially by exercising a few simple options. Certified Financial Planner, Tammy Kraig, explains what these options are and how much you can boost your benefits by using them.

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