retirement
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Budgeting
The 2020 Inflation Adjustment and Your Health Premiums
Starting next year, inflation will impact the average monthly health insurance cost and the Medicare premiums 2020 rates. More specifically, even if your income doesn’t change, inflation might diminish your taxable earnings. In turn, you may qualify for lower premiums and tax savings. Having said that, higher health insurance options are also on the table. If your income increases, so…
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Investing
Five Reasons to Invest in Real Estate
Investing in real estate means that you purchase a future income stream from a property. You probably don’t realize that you could be earning money at the same time as using renter’s money to pay off your investment. By doing this, you’ll get more stability, higher returns, and diversification. Investing in real estate is especially beneficial if you’re about to…
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Budgeting
10 Things to do When You Retire
For some people, feelings of loss, apprehension, and excitement might come with retirement. You’ve spent decades working a majority of the week and now you have tons of free time – how are you going to spend it? You might feel bewildered and wonder what you’re going to do with so much time on your hands! Once you transition into…
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Budgeting
Retirement: Which State Should You Move To?
Every year, a large number of retirees move to another state. During 2018, almost half of them (43%) relocated to New Mexico. After that, Florida (39%) and Arizona (37%) are the second and third most popular destinations, respectively. Snowier locations, such as Idaho and Vermont, are also amongst the ten best states to retire in (or at least according to…
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Budgeting
Building Your Financial Structure
There are a lot of elements that go into building strong finances around your life. Many people start with savings for retirement but too few think beyond that aspect. What else should you be paying attention to in order to make sure the financial structure you are building for your family is one that will last through good times and…
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Budgeting
Why You Should Retire Early
The thought of retirement brings some people a sense of peace: after years of hard work, they’ll finally get to live their days out with their loved ones relaxing with their hard earned money. Many people think that they need to be in their late 50s or 60s to retire, however this doesn’t necessarily have to be the case. With…
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Investing
Should You Open Another Retirement Account?
While you are saving in a company sponsored 401(k) or a personal individual retirement account(IRA), you might be wondering if it is enough. The question looms of whether it make sense to open an additional retirement account or simply continue contributing to the one you already have. This question has a few caveats to it that are worth understanding before…
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Budgeting
How to Live on a Tight Budget as a Retiree
Even though you have money stored away in the bank and have been preparing yourself for retirement for decades, you still need to be frugal with your spending. Luckily, your kids are probably out of the house and living a life of their own, your mortgage is paid off, and your car loans are settled. This makes more leeway for…
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Insurance
Why You Should Invest in Life Insurance Now
Creating a safety net for yourself and your loved ones is one of the most important ways to protect everyone, should anything happen. To prevent the worst-case scenario of leaving your loved ones deep in a hole of financial debt, you should invest in life insurance now. If you’re starting to get closer to a financially stable life, then having…
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Investing
What Do You Need to Know About Your 401K?
A 401K is a great way to save for retirement. It is essential, however, that you understand the ins and outs of this investment tool. By learning more about it, you can ensure that your money is growing at a maximum level. Almost 80% of US workers have a 401K, but each plan is unique. Learning more about how your…
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