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Planning for Your Retirement

Success

Developing a strategy for retirement planning is deeply personal. There are so many options for retirement accounts because they’re designed to be suitable for people with different needs and lifestyles. The post Planning for Your Retirement appeared first on SUCCESS. Check out their video podcast Cashing Out on YouTube.

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Sparking Your Early Retirement Dreams: A Guide to FIRE

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Are you tired of the traditional retirement plan of working until you can’t? Enter FIRE, the “ financial independence, retire early ” movement! It’s like retirement, but significantly better. Who knows—you might just end up retiring in your 40s and living your best life. So why not give it a shot?

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

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. Leaving money on the table Financial planners advocate for maximizing retirement savings to meet employer matches. You have to balance a sense of security with a robust life in your 20s.”

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7 Apps to Teach Kids About Money

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A 2017 study found that disparities in financial literacy may account for as much as 40 percent of the wealth gap between those retiring with more and those retiring with less. AdVenture Capitalist is free to download, but before you set your kid loose, be aware that the app comes with some in-app purchases. RoosterMoney.

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

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. Leaving money on the table Financial planners advocate for maximizing retirement savings to meet employer matches. You have to balance a sense of security with a robust life in your 20s.”

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A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

Success

List out your purchases in an Excel spreadsheet at the end of each month and place each transaction into a bucket. Get detailed and introspective to evaluate which purchases are legitimate needs vs. nonessentials. Retired professor Timothy G. Ultimately, managing your finances is a process, but it can be learned.

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What Is a Brokerage Account and Do You Need One?

Success

Tune in to this week’s episode of the rich & REGULAR podcast, and keep reading below to learn more about these investment accounts. Simply put, brokerage accounts are a way to purchase stocks, bonds, or other investment vehicles like exchange-traded funds and access them in one place. What is a brokerage account?