5 Retirement Planning Myths Busted (To Help You Plan Your Finances Better)

Dumb Little Man

When it comes to financial myths related to retirement planning, there exists plenty. Thankfully, younger citizens are becoming more conscious by the day and are opening up to embracing less conventional financing options. However, even the most well-informed people can sometimes fall prey to some of the existing retirement planning myths. Here are 5 retirement planning myths that we really need to abolish as fast as possible.

2020 184

5 Tips for Better Retirement Planning

Small Business CEO

We all want to make sure that we are fully-prepared for retirement. While it can often seem so far away, retirement can soon come creeping up on you. So how can you plan for your retirement a little better? Finance retirement planning

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Future Finances: How to Ready Yourself for the Retirement Years

Dumb Little Man

One day you will awake and it will be the first day of your retirement. Your financial future as a retiree depends on honestly assessing your retirement planning now. It is crucial you calculate how much you must save to be ready for retirement. Every year or so, review both your retirement plan and your progress to make sure you are on your way to a secure future. Have you computed just how much you will spend each month in your post-retirement life?

Top 4 Tips for Getting Your Finances Ready for Retirement

Dumb Little Man

In addition to mentally preparing yourself, you will also need to get your finances ready for the next few decades. It might be tempting to continue dumping as much money as possible into your retirement accounts, but it is almost always more efficient to settle your debts first. Unless you and your financial manager have decided that your retirement accounts are earning much more interest than your current debt, you should try to settle your other loans first.

5 Important Tips on Sharing Finances in Marriage

Dumb Little Man

If you’re currently in the same situation and looking to keep your marriage, take a look at these five tips on sharing finances in marriage. On the other hand, long-term goals include a house mortgage, a car loan, retirement funds, as well as the education cost of your children.

2020 214

How To Use Life Insurance For Your Retirement Strategy

Dumb Little Man

Retirement. The idea of retiring and running out of money can be scary, particularly for someone who’s not prepared. It’s the fact that there’s no hard formula to help you know how much money you need to prepare for retirement. In reality, life insurance can offer more as long as you’re able to pick the right type and utilize it in your retirement income plan. Now, you’re probably wondering: How do I utilize life insurance for my retirement planning?

3 Ways to Improve Retirement Planning

Small Business CEO

One of the many things that can put stress to people is thinking about future and making retirement plans. Younger generations almost never think about retirement planning, although this is serious and important issue to think about. Saving money to spend it in retirement days seems like a thing far away to many people, but truth is that time goes fast and it is wise to make plans about future. Many people avoid retirement planning because it reminds them of getting old.

Wealthy Planning on Working in Retirement

Small Business Labs

Self-Employment Data » September 30, 2010 Wealthy Planning on Working in Retirement We've written so often about baby boomers and others working past traditional retirement age that I almost didn't bother with this post.   

5 Simple Steps to Improve Your Retirement Strategy

Small Business CEO

Preparing yourself with a comprehensive retirement plan is more important than ever. Here are some simple things that can help you to make the most of your retirement fund. A key part of a successful retirement strategy is creating an effective income stream from your savings. If your 401(k) only allows you to take out a lump sum, it may be worth transferring the savings to a separate retirement account.… Finance personal finance retirement planning

Are Men Or Women More Successful At Saving For Retirement?

Dumb Little Man

Do you know who is more successful at saving for retirement ? The sphere of finance and economics is largely male-dominated. While that disparity isn’t disappearing anytime soon, advocates for gender equality can look to one area of finance as a sign of the changing tide: retirement-saving. According to a recent study by investment management behemoth Vanguard, women are out-saving men for retirement, and it’s not even a close race.

Tim Berry's Baby Boomer Un-Retirement - Part 2

Small Business Labs

Blog powered by TypePad Member since 01/2005 « The Atlantic Monthly on The End of Men | Main | The Female Economy » June 18, 2010 Tim Berrys Baby Boomer Un-Retirement - Part 2 Several years ago (have I really been blogging that long?) I posted on Tim Berry's un-retirement

Over Half of Baby Boomers Plan to Work Past Traditional Retirement Age

Small Business Labs

  A major reason given for planning to work past traditional retirement age is the impact of the recent recession. 

Retirement Luxuries To Put On Your List

Small Business CEO

The phrase “planning for retirement” generally evokes images of white-haired individuals smiling in insurance commercials, making sure their finances are in order for the long haul. That’s definitely part of the process, and it’s always a good idea to speak to financial advisors, invest for retirement , and save whatever you’re able to. … Economy & Environment investing retirement planning

What Does Retirement Look Like to You?

On The Job

But as the more experienced, job savvy workers begin to retire, it appears they may not be following the advice they've been so keen on giving younger workers. Specifically, many of those facing retirement don't have the foggiest idea what they're going to do when they're not working. They have not set any goals for retirement, or made any strategic moves. OK, there's the first six months or year of retirement. Setting a specific date for retirement.

Top 10 Reasons to Start Saving for your Retirement

Small Business CEO

Everyone dreams of one day retiring to the lifestyle they have always dreamed of. Today, the world sees more people living longer than before so the need to start saving early is a crucial element that can make your retired life as comfortable as possible. … The post Top 10 Reasons to Start Saving for your Retirement appeared first on SMALL BUSINESS CEO. Finance retirement planning

10 Must Have FREE Personal Finance Apps for iPhone

Productivity Bits

I n the world of finance free is king. When trying to plan your financial future, retirement, or even weekend date, you want to save as much money as possible, while keeping a close eye on your personal finances. Toshl is another personal finance tracker with a twist. With PocketMoney Lite, it makes keeping my finances balanced even easier. Copyright © 2011 Productivity Bits. Visit the original article at [link]. Guest Post.

6 Ways to Simplify Your Finances This Year

Simple Productivity Blog

Many people’s finances run amuck simply because they don’t take the time to properly manage them. Simplifying your finances may not always be fun – but saving money definitely is. Simplifying your finances may sound tedious, but when you consider how much time and money you can save, it’s well worth the effort. What other ways can you think of to simplify your finances? This post was written by a guest author.

My Favorite Android Apps – Part 4: Finance

The Marq

TheMarq A Human Perspective on Business and Life My Favorite Android Apps – Part 4: Finance Technology Recommendations Welcome to another edition of My Favorite Google Apps. This week I’m covering the Finance or Financial related applications.

Running a Business in The Present – Planning for The Future

Small Business CEO

It can be hard to look into the future when everything is so busy, but it should be an important consideration for any business owner to contemplate and plan for retirement. Business owners need to realize that it’s likely that the bulk of the funds for retirement will land on their shoulders, so some long-term thinking and preparation should enable them to benefit from the fruits of their labor when they decide to retire.…

2014 76

Missing the Money: How to Stop These 3 Bad Financial Habits

Small Business CEO

According to Ubiquity , a retirement and 401k savings plan provider, here are a few of the most common bad habits in managing your personal finances and how to overcome them. Finance personal finance spending mistakesThere are two types of people when it comes to starting and maintaining healthy financial habits: people who think they’ve got it all under control, and others who have no clue what they’re doing.

2020 46

Ways You Can Maximize Your Returns When Investing During the COVID Crisis

Small Business CEO

Those who fail to prepare for the future will likely wind up with little saved for retirement. The more you save today, the better off you’ll be when it comes time to retire. Finance investing pandemicSetting up a 401(k) with your employer or an IRA that you manage individually are both good options for investing in your future. COVID-19 And The Market. Once the COVID-19 crisis began to spread throughout the United States and abroad, financial markets took a hit.

2020 46

7 Ways to Manage your Superannuation Claims

Small Business CEO

Superannuation claims are a large part of the pension and retirement industry. The seven steps below can be used at any time if you believe you are owed retirement benefits, death benefits, or a payout. Finance Legal superannuationYou need to know how to get your claim processed, who to talk to, and how long it takes to process the claim. Contact A Lawyer. You can reach out to superannuation lawyers for help with your claim.

2019 53

Making A Financial Plan: How to Set Financial Goals To Live Your Best Life

Dumb Little Man

However, contrary to what most people are thinking, financial planning and budgeting aren’t just for retirement. 55% say they feel confident about their finances. 18% are constantly worried about their finances.

2020 235

Saving Tips for Millennials: How to Create a Personal Financial Plan for the Future

Dumb Little Man

A lot of Millennials are delaying important things like saving for retirement or typical milestones like buying a house. Whatever your circumstances, it’s never too soon to start thinking about your future and get your finances in order. How to Save Money as a Millennial and Get Your Finances in Order. Creating a personal financial plan and setting goals shouldn’t be a problem that you put on the back burner until you decide to buy a house or retire.

2020 129

7 Ways to Boost Your Financial IQ

Dumb Little Man

Understanding finances can be quite a difficult task. Fortunately, you can always learn more about finances and give a boost to your financial IQ. The more you learn the better you’ll be at handling personal and other finances. Budgeting is vital for managing personal finances.

2020 163

Free Blog Posts | Men With Pens

Men With Pens

Time to think about the retirement fund.&# “We get to retire? No one ever told me that…&# We both know there’s no retirement fund in what we do. But when Deb mentioned the words ‘retirement fund’ and I actually barked a laugh, I started to think. (A I am retired now, a blogger, paid by Adsense and affiliate revenue. I no longer have a company paying into a retirement fund.

2009 56

5 Reasons Being Self Employed Sucks

Productivity Bits

This is especially true when it comes to finances, as many of the benefits that we take for granted were collectively bargained for through years of protest and negotiation. Retirement Benefits. Contributions to a retirement plan are usually matched by an employer, and many businesses offer pensions and other benefits to ease the transition into old age. T here is a temptation at times to lionize the self-employed for taking control of their occupational future.

2011 197

The Startup Fiscal Cliff

Small Business Labs

 For example, the California Public Employees Retirement System, traditionally one of the largest VC investors, is substantially reducing their investments in venture capital. Finance trendsWe hear lots of discussion these days about the fiscal cliff. This, of course, is about taxes and federal spending. But startups face their own fiscal cliff. Over the last few years, there's been a surge in startup activity. This has been driven by several trends.

2012 184

3 Easy Steps to Take Back Control of Your Life’s Direction

Dumb Little Man

Perhaps when the housing bubble burst, your finances, investments, and retirement nest egg went down the drain as well, and you’re finding it increasingly difficult to continue working and saving money. It makes you feel helpless, doesn’t it? Being in a situation where you feel you have so little control over your life.

2015 219

Good News - 70, Not 80, is the New 65

Small Business Labs

Last year we posted on a study suggesting that many baby boomers were going to need to work until they were 80 to retire.  The reason, of course, is the impact of the Great Recession on baby boomer finances.   But according to the Center for Retirement at Boston College , most Boomers will only have to work until they are 70 to retire comfortably. Working longer means fewer years in retirement.

2012 134

Simple Money Hacks That Every Millennial Needs To Know

Dumb Little Man

If this sounds all too familiar, chances are you could use a few simple money hacks to help you turn your finances around. Save For Retirement. Whether you are busy saving for a new car, a pair of shoes, or a home, retirement isn’t getting any further away. The best way to tackle retirement savings is to start setting some money aside each month and make the most of any retirement saving schemes offered by your government.

2019 184

How Do I Manage My Expenses After Getting Married?

Dumb Little Man

Another area that may be a little tricky to talk about is how to merge your finances. Talk about your finances. To get the ball rolling, you and your spouse must be willing to open up about your personal finances. Do you have a “what’s mine is yours” attitude about finances or would you prefer to keep separate bank accounts? Retirement – One excellent piece of financial advice is to start saving for your retirement as early as you can.

How To Have A Growth Mindset About Money

Dumb Little Man

We’re taught from a young age that talking about money is taboo, and the result is that throughout most of adulthood we have no actual idea how to deal with our finances. People are stuck living paycheck to paycheck, not saving enough for retirement and emergencies , and the result is always catastrophic. But what if there were a better way to handle our finances and make small changes that will add up in the long run? Applying A Growth Mindset To Your Finances.

2020 183

8 College Courses That Will Make You Rich

Dumb Little Man

While you can get a good degree, find a well-paying job, work until you’re in your 60s, and then retire to enjoy the life you’ve deferred for 40+ years, you may still end up feeling unsatisfied. Learning the difference between assets and liabilities, as well as concepts like inventory and cash flow , is essential if you intend on keeping your finances in order. Finance.

2019 202

How to Budget Using the 50/20/30 Rule

Dumb Little Man

Thinking about ways to better manage your finances? You might feel like you’re too young to be saving up for your retirement but time flies so fast and before you know it, you haven’t saved enough for your future. The 50/20/30 rule is one of the most popular techniques that you can try.

Budget 273

Why You Should Start Setting Financial Goals (Plus Examples)

Dumb Little Man

A lot of us aspire to get better control over our finances. Whether it’s saving more for retirement, paying off debt or building an emergency savings fund, everyone has something they would like to improve on. All in all, reframing your mindset when it comes to making purchases and setting financial goals month after month is a powerful way to achieve success with your finances. Each year offers a fresh start and most of us are eager to get our lives on track.

2019 148

How to Choose A Financial Advisor: Top Tips You Can Follow

Dumb Little Man

That’s probably why 75% of Americans manage their own finances. Those investments frequently come at a very high cost to you, which means you’re just financing someone else’s success. See Also: Seven Top Tips for Retirement Planning.

2020 168

How To Start Succession Planning

Small Business CEO

Whatever type of transition you’re considering – whether it’s retirement, selling to a third party or handing the business down to a family member – succession planning is an important piece of the puzzle that can set your business up for success – or failure – in the future. Maybe you’re thinking that retirement is a long way off, or you aren’t ready to think about selling your business yet. CEO Leadership Entrepreneurs business ownership Finance management

2013 66

Bank of America Announces New Program to Help Spur Small Business Lending Nationwide

Small Business CEO

Tags: Finance banking financing raising capital

2010 89

Book Review: The Encore Career Handbook

Small Business Labs

One of the trends we've long covered is the desire and/or need by aging baby boomers  to continue working past their traditional retirement age. Simply put, a lot of baby boomers don't have the financial resources to retire.   But regardless of your motivations, before pursuring a new career or working past the traditional  retirement age you'll want to do some research and planning.

2013 127

Dating In Midlife: 5 Tips To Help You Get Started

Dumb Little Man

Protect your finances. Regardless, when it comes to finances in your 40s and 50s, you have likely started or should have started laying the foundation for retirement and golden years. It is probably wise to keep your finances separate. When you are in your teens and twenties, dating didn’t seem overly complicated. It might have seemed awkward and occasionally stressful, but not overly complex in most cases.

2018 163

Financially Challenges Millennials Changing Society

Small Business Labs

The article goes on to list a series of depressing stats on millennial finances, including: Average Millennial student loan debt: $33,000. [ 50% of Millennials do not believe that Social Security will exist when they reach the age of retirement. According to several recent articles the financial problems of millennials is leading to changing behaviors and purchase patterns as well as broader societal shifts.

2014 183

10 Myths About Making Money That Are Keeping You Back

Dumb Little Man

Everyone wants an emergency fund or a healthy retirement or savings account, but only a few people have it. Yes, finances can be an uncomfortable topic. When it comes to money myths, there are thousands floating around.

2018 251