When my grandparents got older, they moved in with my mom. Then, after my grandpa passed away and my grandma needed to go to medical appointments or hair appointments, my mom or one of her other children drove her. Though American families increasingly live further from one another, there are usually one or two children who live nearby to help their parents in their old age. … [Read more...] about Do DINKs Need a Larger Retirement Fund Than Their Peers?
You may find as you get older that your friends tease you and ask you when you’re going to have kids. They may tell you you’re missing out but not having children. However, if you’re firmly committed to the DINKS lifestyle, you might tell your friends you’re missing out on the expense that comes with children. Indeed, there are many financial benefits of being DINKS. … [Read more...] about Financial Benefits of Being DINKS
Everyone's personal financial situation is different. Some people are still getting organized, others are in better shape. So, for many the question is: after you've got the basics nailed down, where do you go after that? For example, after you've paid off your high interest debts, have an emergency fund and are sticking to a budget, whats the next step? Well, there … [Read more...] about Wealth Building After The Basics
Retiring at the same time is a dream for many if not most couples. The idea of one day leaving your job and being able to start your retired life together sounds amazing, right? However, most people don't weigh out the pros and cons of retiring at the same time as your spouse. In this article, we will answer the question "Should Couples Retire at the Same Time?" and hopefully … [Read more...] about Should Couples Retire at the Same Time?
Market crashes are somewhat inevitable. Hopefully, you knew this before you put any money in the market but if you didn't - no fear, we will be going over exactly what you need to do in a market crash with your retirement savings. So buckle up and make sure to take some notes! … [Read more...] about What To Do In A Market Crash For Retirement Savings
Ed Slott, also known as "America's IRA Expert" according to Mutual Funds Magazine, has quite a bit of knowledge when it comes to the realm of retirement planning. More often than not, folks find themselves going to Ed even when they have a financial advisor, simply due to the fact that they fear their advisor doesn't know as much as Ed. In this article, we will look at Ed's … [Read more...] about Ed Slott: Bio, Net Worth & Other Information
Last month, we wrote about Eric Tyson's simple tips for improving your personal finance. Today, I wanted to follow up with a few more useful suggestions by Tyson. The idea here is to give you some basic personal finance principles that you can apply to your own wealth. … [Read more...] about More Solid Advice From Eric Tyson
It doesn't matter if you're happily married or in the throes of a brutal divorce. You may have been a conscientious saver; you may have formed wise money-habits and are able to navigate narrow budgets with ease. But one morning you WILL wake up and feel the need to buy something – something stupidly expensive and attention-getting, and it will be right at the time you are … [Read more...] about How to Afford Your Mid-Life Crisis
You have cash to invest and want to start profiting from the stock market right away. The problem is your experience isn't great but you want to improve your chances of making money. You've heard friends talking about timing the market and you're thinking maybe this how to get your first million. Problem is, none of your trading friends are rich. So, you know market timing … [Read more...] about Try Motley Fool Picks When You Can’t Time The Market
Akin to baskets of investments, mutual funds pool money from many individual and institutional investors to buy and sell a variety of securities. … [Read more...] about The Pros and Cons of Investing in Mutual Funds