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By: on November 11, 2021
The last few decades have witnessed an uptick in the rate of divorces among people of ages 50 and above. According to Pew Research Centre, the demographic trend of divorce after a marriage of twenty or thirty years has doubled between 1990 to 2015. Starting a new chapter at this age may not be simple, but if you plan your finances right, you may encounter lesser difficulties in your new life. What is a Gray Divorce? ...
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By: on May 28, 2020
There are numerous reasons why many people start their self-directed retirement account. While each one of them has a unique background story, you can still find one common reason for their shift. It’s the uncertainty and volatility of stocks and other investment options offered in typical IRAs. There are many examples of people who saved millions of dollars of money in their retirement account, and if you are wondering, the key is self-directed IRA services.   If you are planning to own an SDI...
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By: on May 9, 2020
The 4% retirement rule states that you should continue to build your retirement nest egg until you have a balance large enough to support withdrawing 4% of initial balance each year. What Is The 4% Rule? A simple example is that if your liquid net worth at time of retirement was $1 Million, you would plan to withdraw $40k each year. ...
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By: on August 12, 2019
Here are a few ideas to make attaining those retirement plans   Focus on what you can do and decide to do it now Retirement assurance levels are extremely low right now with research reports showing that less than 20 percent of workers in the workforce report they're on track to fulfill their retirement objectives. What is more about in the report from Financial Finesse is that 61 percent of workers don't know whether they're saving enough to retire comfortably. These workers fall into the"un...
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By: on August 12, 2019
I had been an avid reader of financial independence, retire early (FIRE) blogs on the road to my early retirement. They served as education and inspiration.   Each tries to outdo the next in an attempt to demonstrate how you can optimize your life. Then you can retire earlier into a life of carefree bliss.   That is all great. Except it's not correct. ...
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