Retirement

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Vanguard Digital Advisor Review – Key Features, Pros and Cons

Vanguard Digital Advisor Review – Key Features, Pros and Cons

Vanguard Digital Advisor is a low-cost robo-advisor for long-term investors who want to own broadly diversified portfolios. It’s a solid, inexpensive, beginner-friendly option. Learn about Vanguard Digital Advisor, its key features, and its pros and cons to determine whether it’s right for you The post Vanguard Digital Advisor Review – Key Features, Pros and Cons […]

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Dear Penny: I’m 75 With 5K of Student Loans. Should I Default?

Dear Penny: I’m 75 With $235K of Student Loans. Should I Default?

Dear Penny, I am 75, and my husband is 83. I have been paying on my student loans for 16 years and the balance has gone from $200,000 to $235,000.  I am on an income-driven repayment plan and work primarily to pay my loans. My IDR payment is $1,056 as of today. I also draw

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Can You Have Multiple IRA (Traditional or Roth) Accounts?

Can You Have Multiple IRA (Traditional or Roth) Accounts?

You certainly can! The IRS actually allows for multiple IRA accounts. This could be multiple Roth IRA’s or multiple Traditional IRA’s. There are benefits and disadvantages of owning multiple IRAs that you should be aware of before making a decision. Why You Need to Save For Retirement According to a recent study, nearly 50% of

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Amplify Insurance Gets You the Life Insurance that Wealthy People Get

Amplify Insurance Gets You the Life Insurance that Wealthy People Get

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Maybe you’ve thought about getting life insurance to protect your family in case something happens to you. But you haven’t gotten around to it because

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How Does Social Security Work? 12 Common Questions Answered

How Does Social Security Work? 12 Common Questions Answered

You probably know that saving and investing are essential to retirement planning. But just as important to the equation: Social Security planning. It’s impossible to overstate the importance of Social Security to retirees. The truth is, Americans aren’t saving or investing enough for a secure retirement. Without Social Security, approximately 4 out of 10 people

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10 Years Of Fake Retirement Later: The Most Important Takeaways

10 Years Of Fake Retirement Later: The Most Important Takeaways

In February 2012, I decided to negotiate a severance to break free from corporate life. By mid-June 2012, I had received a severance check and the last of my three months of WARN Act pay. Ten years of fake retirement later, I want to share with you some of my biggest takeaways. Overall, it’s been

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5 Best Investments for Roth IRA in 2022

5 Best Investments for Roth IRA in 2022

One of the very best investment vehicles to prepare for retirement is a Roth IRA. It gives you an opportunity to provide tax-free income once you retire. But a Roth IRA itself is not an investment. That’s why it’s important to know the best investments for a Roth IRA in 2022. The table below summarizes

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401(k) Rollover – What It Is & How to Transfer Your Retirement Account

401(k) Rollover – What It Is & How to Transfer Your Retirement Account

Just because you opened a 401(k) with one employer doesn’t mean you have to leave your money there after you leave the company. You can roll over your retirement savings from one employer-sponsored account to another, or to an individual retirement account (IRA). Learn how to roll over a 401(k). The post 401(k) Rollover –

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Here’s how to accelerate your retirement timeline, without taking on too much risk

Here’s how to accelerate your retirement timeline, without taking on too much risk

Jason Heath: Those approaching retirement can consider these strategies to shave time off their financial independence date https://financialpost.com/personal-finance/retirement/heres-how-to-accelerate-your-retirement-timeline-without-taking-on-too-much-risk #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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Dear Penny: Will I Owe My Husband Alimony if We Separated 10 Years Ago?

Dear Penny: Will I Owe My Husband Alimony if We Separated 10 Years Ago?

Dear Penny, I’ve been separated for more than 10 years after a 30-plus-year marriage. The past 10 years, I’ve supported the family home, paid off all outstanding bills and paid off the credit card debt of over $15,000.  I also sold the family home last year and split the proceeds equally. Before selling the home,

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What Are Target-Date Funds?

What Are Target-Date Funds?

Target-date funds are retirement accounts that choose investments for you based on your expected retirement age. As you get closer to retirement, target-date funds will automatically shift your asset allocation away from high-risk securities toward a more conservative asset mix. Target-date funds rebalance themselves, allowing the investor to take a more hands-off approach to retirement

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Social Security Disability Benefits + Application Guide

Social Security Disability Benefits + Application Guide

Social Security disability benefits can help you keep a roof over your head and food on the table when you become disabled due to an injury, an illness, or a severe medical condition. That said, applying for these benefits can be a cumbersome process, mostly due to the various steps involved, the complicated paperwork required,

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What is a robo-advisor?

A robo-advisor is a digital financial advisor that automatically builds and manages your portfolio based on your investment preferences. These algorithm-driven platforms often rely on passive index investing strategies to reduce buying and selling while investing on your behalf. Robo-advisors are built to consider your risk tolerance and financial goals in order to invest with

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What’s New At CrowdStreet? Commercial Real Estate Outlook 2022

What’s New At CrowdStreet? Commercial Real Estate Outlook 2022

During times of uncertainty, I prefer owning real assets. Unlike owning stocks, where its value can disappear overnight due to one bad quarter, real estate tends to hold its value better. Roughly 50% of my passive income comes from physical rental properties and investments in private commercial real estate. Therefore, I thought it would be

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Roth IRA vs. 401(k): Which Is the Better Choice for You?

Roth IRA vs. 401(k): Which Is the Better Choice for You?

Saving for retirement can feel daunting when you’re choosing among different investment options. While you can enjoy tax benefits with many types of retirement accounts, each one has different rules, advantages, and disadvantages. Learn the differences between Roth IRAs vs. 401(k) plans to help you choose the right path for you. It’s important to remember

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Dear Penny: Can My Deadbeat Son Fight My Decision to Disinherit Him?

Dear Penny: Can My Deadbeat Son Fight My Decision to Disinherit Him?

Dear Penny, I am 73 and have one son who is unmarried and lives in the same town. I also have five siblings. I am very close to my youngest sister who is on disability. I paid my home off two years ago, and I have some 401(k) savings.  I am planning on leaving my

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What Is an Employer 401(k) Match?

What Is an Employer 401(k) Match?

A 401(k) match is money your employer kicks in to your 401(k) retirement account, matching your contribution up to a certain percentage of your annual pay. Employer 401(k) matching is a key employee benefit that can help safeguard your future for the long term. How a 401(k) Match Works When setting up your employer-provided 401(k),

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Dear Penny: Is Using Retirement Money So My Daughter Can Graduate a Mistake?

Dear Penny: Is Using Retirement Money So My Daughter Can Graduate a Mistake?

Dear Penny, I am a single parent. I am 67 years old and ready to retire.  However, I am anxious about decisions I need to make. My daughter is in her last year of college. I don’t have any more money to pay for it. So for her last year, should I take from retirement

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Overcoming Money Trauma: Why I Retired To Taiwan With Only 0,000

Overcoming Money Trauma: Why I Retired To Taiwan With Only $600,000

After sharing how one man retired at age 41 with a household net worth of $4 million, I thought it would be good to share another story about early retirement from a completely different situation. This story comes from money trauma and how it is being conquered. One of the complaints about the $4 million

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Travel Blogging: One Key To A Happier Retirement

Travel Blogging: One Key To A Happier Retirement

While working in finance, I fantasized about travel blogging. I saw a bunch of people write about all the new places they visited. They chronicled the food they ate and the activities they did while making money online. Given their niche was travel, they could also deduct their travel expenses from their online income. It

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