A big part of planning for retirement is determining exactly what you’re going to have to count on, financially, when you stop drawing a regular paycheck. This includes pension plans, your savings, earnings from investments, etc. If you’re 10 years away from the date you want to retire, many experts...
Money can’t buy happiness. Most experts agree that happiness is often tied to the things we’re passionate about, and simply being wealthy is not, on its own, the recipe to happiness. It’s a topic financial advisor Dan Danford covers in his recently posted “Money is Freedom” podcast.
“People who are...
Most parents plan on paying for their children’s expenses up to age 18, and many also make a plan for helping with college expenses. However, according to a survey by Bankrate.com, parents are now going beyond college and helping with expenses of their adult children, which is putting some parents’...
The Baby Boomers are no longer inching toward retirement. A majority of them have already entered into early to late stages of retirement, while the youngest of the generation is only a decade away from turning 65. Those in this generation should have solid goals set in planning for retirement, but...
Did you know the word “wellness,” while having been coined in the 1600s, didn’t really appear in the American lexicon until the late 1970s? It defines a lot more than physical wellbeing. Today, wellness lends itself to a number of meanings, including financial wellness, which is about everything...
Has the idea of retirement become “artificial”? Think about it – at what age will you stop working? Will you stop working for real? For some people, retirement really does mean that they’re quitting the career they built up their whole lives and living solely off of what they’ve saved over the...
Lincoln Financial Group shed some light recently on a topic regarding women and financial planning. The “Love and Responsibility Survey” shows that most women have good intentions, but seven in 10 say they’re not doing a good job planning for the family’s financial future.
So, what’s holding them...
Upward mobility. Those are two important words when considering career advancement. This often includes switching employers, which can be a positive step to make, but how does this impact your investment strategies? If you’ve been steadily building up your retirement savings, you need to make some...
Every month, your company may deposit money directly from your paycheck into a 401(k) without you paying much attention to it, except for a quick glance when your W-2 is mailed out each year. This form of retirement planning may be common, but it’s not the only strategy for building the life you...
“The best time to plant an oak tree is 20 years ago. The second-best time to plant is today.” That’s a phrase often used to describe planning for retirement, and it’s 100% correct. Yet there is so much going on in peoples’ lives that keep them from jumping on the opportunity to begin the planning.
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Don’t Stop Working at 65, Because the Best Is Yet to Come
Age 65 is a milestone year for most people — it’s the age at which they see themselves ceasing the career and entering into retirement. But is it really a good idea to stop working then? Dan Danford, founder and CEO of Family Investment...