We Are 56 & 54 With $450,000 Income And $5.1 Million Portfolio, But Live In A Pricey Area With Our 14-Year-Old: Can We Retire Now? On Bogleheads.org, a post titled “Let me retire! Please?” sparked a discussion about early retirement viability. A couple from Pennsylvania, aged 56 and 54, is contemplating quitting their high-paying jobs […]
shapecharge / Getty Images There’s a lot of mystery surrounding personal finances in retirement. Much of this comes from misconceptions about debt and retirement savings. Some of it comes from a lack of financial planning along the way. It hurts someone’s ability to retire or even detract from their financial stability once they do. Read […]
Here are 5 common traits of Americans who can never, ever retire — how many do you have? Forget about freedom at 55 — many Americans don’t expect financial freedom at any age. An Axios/Ipsos poll found that 1 in 5 Americans don’t think they’ll ever retire — and a whopping 70% of that cohort […]
For the first time ever, Gen X workers saw their 401(k) balances top those of Baby Boomers, Fidelity data showed. Balances for Gen X workers who’ve been saving for 15 years averaged $543,400, $200 more than Boomers’, according to the financial service firm’s analysis of its more than 22 million accounts in the first three […]
Chris Elle Dove is set to retire early, two decades after declaring bankruptcy.Chris Elle Dove Chris Elle Dove, once bankrupt, is set to retire early with over $1.5 million net worth. She transitioned from earning $50,000 a year as a professor to investing full-time. Her strategy includes living minimally, investing in real estate, and keeping […]
Too many people seem to want to make investing complicated. However, it doesn’t have to be so difficult. You can position yourself to make money from stock markets all around the world with just two proven exchange-traded funds (ETFs). That’s right. Just two. Read on to learn how to easily and profitably invest in more […]
A couple retiring at 62 with $400k You can retire a little early on $400,000, but it won’t be easy. If you have the option of working and saving for a few more years, it will give you a significantly more comfortable retirement. By waiting until at least age 67, you can collect more in lifetime […]
Nolensville Chief Roddy Park recently announced that he will officially retire in August after more than four decades in public service. Parker grew up in Arrington, Tennessee and graduated from Franklin High School. He attended Middle Tennessee State University and graduated with a Bachelor’s degree in criminal justice. “I was 21 years old at the […]
Jacob Wackerhausen / iStock/Getty Images According to a recent survey from CivicScience, 25% of people do not expect to retire before 70. For Gen Xers and baby boomers, retirement is likely just around the corner. This means they have only a limited amount of time to fund their retirement before they need to start drawing […]
Building a portfolio worth $1 million or more may sound like an impossible goal that’s reserved only for the wealthiest workers. However, while not everyone will be able to reach millionaire status, the strategy for getting there is simpler than you might think. There are two key factors to reaching $1 million in savings: Invest […]
Companies are responding to an aging workforce and scars from the past three years of elevated inflation by changing up options in their retirement plans, according to surveys by global asset manager MFS Investment. Six of 10 retirement savers said they’re worried inflation could affect their savings, while 61% of the more than 4,000 plan […]
Financial advisor and columnist Brandon Renfro I’m 50 and my husband is 57. We paid off all debts and have $1 million in our 401(k) and IRA. We also own $1 million in rental properties that give us a $5,000 net profit monthly. We hope to keep the rental homes for another 15 years for […]