One thing that many small business owners don’t think about is retirement. There are two reasons for this. First, many owners think they will never retire because what else would they do? Secondly, before they retire, they will have sold their company for a “boat load of money” and won’t have…
You’ve probably heard about the wealth gap and generational wealth, but here’s a number for you: There’s a $200 billion annual gap between Black and white recipients of inheritances, according to a 2021 McKinsey Global Institute report, The Economic State of Black America…
Are you retired — or planning to quit work soon — and looking for ways to put a little extra cash in your pocket?
Your years of hard work and experience can be valuable after you retire. Now, you’re in a position to leverage those skills in a new way...
Traditionally, there was a model of retirement planning known as the "three-legged stool." In that model, people would rely on three sources of funding to cover their costs once they retired: a pension, Social Security, and their personal savings. With Social Security's trust funds emptying more quickly than previously projected and pensions largely...
Reaching retirement and finding out you don’t have enough money can be devastating.
You don’t want to take too much out of your retirement accounts too fast and jeopardize the chances of your money lasting for life. And to make sure that doesn’t happen, you may need to make some pretty drastic…
You’ve spent decades in the workforce earning a living, your schedule dictated by the demands of the job. All the while, you’ve been steadily adding to your savings so that one day you could get to this point: retirement.
Now, there’s no alarm to wake you up in the mornings...
Lifestyle inflation can show up in your life in different ways and impact your financial life. As with most problems, we should recognize them before we can beat lifestyle inflation.
If you’re still wondering what the heck lifestyle creep is…