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The 8 Biggest Financial Mistakes to Avoid in Your 60s

Success

People in their 60s often face the decades in two parts: the run-up to retirement and retirement itself. Although retirement may have a date on the human resources calendar, it can—and perhaps should—involve years of transition. They’ve been in this accumulation mode of building up their assets,” she says.

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5 Long-Term Financial Goals and How to Achieve Them

Success

Your long-term goals are an important aspect of your financial health. Save for retirement Expected time: 10-35 years Account types: Retirement plans including IRAs, 401(k)s and pensions Planning for retirement is one of the most common long-term financial goals.

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These Top 10 Celebrity Franchise Owners Are Winning Outside the Limelight, Too

Success

The franchise’s profitability might explain why he gave one of his Wingstop locations to his son as a gift for his 16th birthday. Drew Brees The former NFL quarterback scored a touchdown in retirement with his investment in multiple franchises. According to Ross, the franchises generate roughly $7 million for him annually.

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How to Know If You’re Financially Ready to Start a Business

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For example, if a relative gives you an intrafamily loan, they’ll want to charge a minimum interest rate so it doesn’t count as a gift (which would trigger gift taxes). Are you currently earmarking 15% to 20% of your income for retirement? Remember that the more you use as leverage for loans, the bigger the risk.

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Do I Need to Buy Life Insurance?

Success

The premium is generally calculated based on the age, gender and health of the person purchasing the policy, among other factors. Others say to multiply your annual salary by the number of years you have before retirement. As part of your research, consider the financial health of the company.

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SUCCESS’ 2024 Women of Influence

Success

Nominating a woman for an award isn’t just a gesture; it’s a gift of recognition, motivation and celebration. When she was a junior in high school, Arrington founded the nonprofit ScholarCHIPS, an organization that provides college scholarships, mentoring, mental health support and a peer support network to children of incarcerated parents.

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Steel Magnolias, Barbie, and Other Wise Women – In Celebration of a Complicated Women’s History Month By Bonnie Low-Kramen

Bonnie Low-Krayman

Jennifer Fraser, PhD on empathy Author of The Bullied Brain: Heal Your Scars and Restore Your Health There has never been a more critical moment for women to harness their hard-wired empathy. Carol Cozewith on listening to the advice of others Retired Designer My advice to my granddaughters and all young women is this.