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Can I Go into Retirement Early With FIRE?

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If any of these scenarios sound ideal, you may be dreaming of a FIRE retirement lifestyle. It’s a movement that helps people take control of their financial independence by making trade-offs, such as extreme saving and budgeting early in their careers, to retire earlier in life—often decades ahead of a conventional retirement plan.

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7 Tips to Help You Plan for Retirement

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Retirement planning is usually the most significant financial goal people will work toward. No matter where you are in your career, considering how to plan for retirement is essential so you can spend your golden years on your terms. Determine how much income you’ll need to plan for retirement.

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The 7 Biggest Financial Mistakes to Avoid in Your 50s

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People in their 50s are facing financial headwinds that include higher costs of living, rising debt, the disappearance of pension funds and an increased reliance on Social Security. Guessing at your budget isn’t going to cut it when you approach retirement,” she says. “A Some Americans move into a peak earning decade during their 50s.

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What is a SIMPLE IRA? Everything You Need to Know

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Most people are familiar with retirement savings plans, like a 401(k) or a Roth IRA. It’s an easy-to-manage retirement account that lets you make tax-deferred contributions. Keep reading to learn more about this retirement plan and how it stacks up against other options. A SIMPLE IRA is just one of these plans.

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Should I Use a Robo-Advisor to Manage My Investments?

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It often includes automatic rebalancing, tax-loss harvesting, retirement planning and picking investments. When you first sign up, the robo-advisor will ask you to complete a questionnaire to learn your general information and financial needs. You’ll also have to pay the fund’s expense ratios.

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The Biggest Financial Mistakes to Avoid in Your 20s

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In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. Knowing their numbers is particularly important for freelancers, gig workers and/or people with side hustles —types of work that members of Gen Z are increasingly picking up.

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Reconnecting older workers with the office: have we retired what matters most?

Workplace Insight

Older workers now make up a larger percentage of the workforce than they did two decades ago. A combination of the increase in retirement age and rising costs of living have made it a necessity for individuals to stay in work longer. Each of the generations want something different from the office.