Will Generation X Be Able to Retire?
According to a study conducted by Investopedia, retirement is the top concern for Generation X. The survey revealed that even though many members of this generation consider themselves knowledgeable about their finances, they still worry about being prepared for retirement. Almost 25% of Gen X individuals are uncertain about their retirement plans and are not […]
Should You Consolidate Your 401(k) Accounts?
Many workers today have switched jobs multiple times over the course of their careers. If that applies to you, you may have several retirement plans from several different companies, and you may be wondering if you should combine them together. First, let’s talk about your options when you leave a job. You can do one […]
What Are the Differences Between ETFs and Index Funds?
ETFs and index funds are two popular investment vehicles that provide investors with exposure to a diversified portfolio of securities. While both investment options closely track a particular market index, they differ in several key ways. One significant difference between ETFs and index funds is the way they trade. ETFs trade like individual stocks, with […]
A Review of the Current Debt Ceiling
Background The US government is facing a critical decision regarding the debt ceiling, a cap on government borrowing that affects only the ability to pay existing bills, not to approve more spending. Currently, the US is getting perilously close to the current limit of nearly $31.4 trillion, at which point it could lose the ability […]
Investment Management for Retirement: The Balancing Act
When nearing retirement, it is essential to adjust your investment portfolio to reduce potential risks and increase potential gains. This process of rebalancing guarantees that your investments align with your financial objectives and risk tolerance, ultimately contributing to a prosperous retirement. Managing Investment Risk Rebalancing your portfolio has the crucial advantage of enabling you to […]
What’s the Difference Between IRAs and 401(k)s?
IRAs (Individual Retirement Accounts) and 401(k)s are both popular retirement savings options, but they have some key differences that make each option more suitable for certain individuals. Contributions Are Categorized Differently One major difference between IRAs and 401(k)s is the way in which contributions are made. IRAs are typically opened and funded by individuals, while […]
Retirement Milestones Every Retiree Should Know
Retirement is a significant milestone in life, and it’s important for retirees to be aware of the important ages they will encounter along the way. In this article, we’ll explore the key ages every retiree should know and provide tips and advice to help you navigate each stage with confidence and ease. So, let’s dive […]
Should I File Jointly with My Spouse?
Although many couples may stand to benefit from filing their taxes jointly, doing so may not always be the most suitable choice. Therefore, it is essential to consider the following things when filing taxes as a married couple: See if you are eligible to file jointly: Being married by December 31st of the relevant tax […]
What Dividends Can (And Can’t) Do for Your Retirement
One investment strategy that can be useful when it comes to setting yourself up for retirement is dividends. Dividends are regular payouts to shareholders based on the profits of the company. If you own some stock in a company, it’s possible that you will get regular dividends.[1] Dividends are traditionally distributed quarterly, and they scale […]
Retirement Planning and Current Economic Conditions
The economic state we are in right now is intricate and, in some ways, has never been experienced before. The coronavirus has caused massive alterations in how the market functions, and we need to change our approach to retirement planning. Inflation Government payouts were a prominent feature of the pandemic. However, the danger is that […]
