For retired people in the United States, the recent interest rate hikes by the Federal Reserve are good news and bad news. The good news is that retirees will see an increase in their monthly income from their savings accounts and some other investments. The bad news is that it will become more expensive to […]
In 2023, some significant changes will be made to Medicare. These changes may affect how much you pay for your coverage, what benefits are available to you, and more. It’s important to stay informed so that you can make the most of your Medicare coverage. In this article, we’ll discuss some of the upcoming changes […]
Retirement planning is a critical step for everyone, no matter where they are in their career. One of the most popular and effective ways to save for retirement is by setting up a 401(k). A 401(k) is an employer-sponsored retirement savings plan that allows employees to set aside money from each paycheck before taxes and […]
An Individual Retirement Account (IRA) is a type of retirement savings account that can help seniors and baby boomers save for retirement. IRAs come in several different forms, including traditional, Roth, SEP, SIMPLE, and Self-Directed IRAs. Each type offers different benefits and it is important to understand the differences between each when deciding which IRA […]
There is no doubt that retirement planning is important. With many Americans living into their 80s and 90s, it’s more important than ever to ensure that your finances are in order so you can enjoy your golden years. Despite the wealth of saving and financial wellness options created by the retirement industry, there is still […]
The baby boomers are aging, and many are looking forward to the retirement years they have worked hard for. Unfortunately, however, their plans for retirement are being disrupted by a volatile stock market and increasing inflation. These retirees are being locked into low-interest bonds, annuities, and other investments that do not keep up with inflation. […]
For many baby boomers, retirement is just around the corner. And, while retirement can be a time of rest and relaxation, it’s also important to consider how you’ll generate income during this stage of life. For many people, that means relying on assets such as savings accounts and investments to produce a reliable stream of […]
Wealth, Freedom, Fortune. These are the things that most people dream of. And for good reason – who doesn’t want to be wealthy and free? But the sad truth is that becoming a millionaire is hard. Like, really hard. In fact, most people will never become millionaires. But that doesn’t mean you shouldn’t try! If […]
Financial worry can be defined as fear or stress related to one’s financial situation. It is normal to feel some degree of financial worry from time to time, but when it becomes excessive, it can lead to anxiety and even depression. Some of the common symptoms of financial worry include difficulty concentrating, insomnia, irritability, and […]
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