Many Americans spend their lives saving and planning for their golden years. But financial security in retirement does not happen at once. You need to put in years of planning, savings, and wise investments to ensure you can live a financially comfortable retired life. Alarmingly, only 40% of Americans have calculated how much they need ...

Retirement planning can be an intricate process in all aspects. The place where you settle after retirement, the amount of money you would need in your retirement corpus, the impact of taxes on your retirement savings, and more, are some concerns that are likely to be on your mind when you plan for retirement. Considering ...

Self-employment can be rewarding. You are your boss. You make your rules. You earn more, enjoy greater flexibility, and your work satisfaction level is high. And while all this can sometimes come at the cost of long hours, stress, and years of struggle, in most cases, the benefits of self-employment outweigh the cons. In the ...

2008 brought to the world the worst financial disaster since the great depression of 1929. People lost their jobs, investments tanked, the value of real estate dropped, and financial anxiety was at its peak. The aftermath of the financial crisis of 2008 was equally alarming. There were approximately 8.8 million jobs lost in total with ...

The purpose of this text is to explore the tax treatment of distributions from qualified retirement plans, whether they were established by the individual or by an employer. Tax deductible savings and tax deferred income Qualified retirement savings plans are savings plans that are encouraged by the tax laws, but which are subject to certain ...

When it comes to financial planning, your mind automatically wanders to market graphs, economic journals, and financial advisors in business suits determining the next effective strategy. While it is true that financial planning is a complex and dynamic activity, there are some aspects of it that can be implied in the simplest of manners. One ...

Creating a financial plan is often associated with long drawn portfolios, investments, trading, and more. However, while investing in long-term and short-term options, growth of wealth is the fundamental principle of financial planning and developing an effective budget forms its base. Before you go on to venture into more serious aspects such as retirement planning, ...

In this digital age, economies all over the world are being digitally fueled. The new digital economy is a dynamic, global network system of economic activities, commercial dealings and digitally-improved interactions. With the advent of big data, artificial intelligence (AI), automated computing, robotic automation and more, economies are not only smart but also agile and ...

Dividends are a company’s way of sharing their profits with investors who stay put with their investments over a considerable period of time. Dividends are a reliable source of income for many investors and are offered by various instruments like bonds, stocks, mutual funds, and other securities. They also hold a special place in an ...

Safety delineates all aspects of life and hence, should be carefully reflected upon in your financial plans as well. Same is the case with the safety-first retirement planning. The approach is driven towards safeguarding your financial and economic life before considering post-retirement luxuries like travel, etc. In other words, it focuses on the essentials. Let’s ...