Tag: Retirement Income
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Is $1 Million Dollars Enough for Retirement?
In the past, having a nest egg of $1 million was thought to be a financial goal to aspire for when it came to measuring retirement planning success. It was deemed to be a sufficient amount that you could live on comfortably and leave a legacy for your heirs. For some, this still may be ... -
8 Retirement Savings Tips for 55-64 Year-Olds
The years before your retirement can be rather crucial. Regardless of when you decide to settle into retirement, the time left to retire significantly narrows down when you reach 55. Considering the fact that most people retire by 65, you have only 10 years to save for your retirement at 55. If you are older, ... -
Know How You Can Use Municipal Bonds to Stay Flexible in 2020
Municipal bonds or munis are inarguably the safest long-term investments and highly popular among investors. In 2019, municipal bonds recorded their highest returns in five years. In fact, the Bloomberg Barclays Municipal Index rose 7.5 percent. These inherently safe investments are a type of loan made to the state or local governments to help them ... -
Using Leverage to Create Retirement Income
Retirement planning is being widely discussed these days with people being more and more aware of the FIRE movement. FIRE is a movement that refers to ‘Financial Independence, Retire Early’. The idea found its value in the lives of youngsters who wanted to enjoy a relaxed retirement as soon as they could, rather than spend ... -
Here’s Why Retirees Must Protect Themselves from Inflation
If you recall your childhood, you will realize how a couple of dollars of pocket money had a greater purchasing power back then than it has now. The cost of living has been increasing steeply over the years, with an average of around 3% every year in the last few decades. This may appear to ... -
Strategies for Smart Post-Retirement Income
Most people aim to have a steady and peaceful post-retirement life. They spend their formative years trying to find ways to save up for their retirement. However, working hard is not the only prerequisite for a secure future. You also need a smart post-retirement strategy in place. Having a strategy ensures a lasting and steady ... -
The Ultimate Guide on How to Craft a Retirement Income Plan
Contrary to popular belief, an income is not just limited to your pre-retirement days. It is also an essential part of your life post retirement. You spend all your life, saving your money in different types of retirement accounts and schemes. Every account or investment has a different rate of interest, maturity period, tax benefit, ...