In the beginning, time is the most abundant resource that you have and you will give it freely. But as your business and income grows, so do your responsibilities. Time now becomes precious because you have very little of it.
"Our view is breathtaking, no matter what time of day it is," says Judy. "Sitting on our porch watching the sun rise is a daily pleasure."
This year, thanks to a few tweaks to the tax code made by the IRS, you can contribute more to your retirement. The money invested today, that grows at a modest 5 percent, will be worth four times as much in 30 years. Find out what you can do now to maximize the growth of your nest egg.
In such volatile times, it's important to remember that panic isn't a strategy, especially with an investment as long-term in nature as a 401(k).
When commercial pilot Paul Harris finally folded up his wings after decades working for the airline industry, he overcame his fears of starting a small business by acquiring a franchise, and taking advantage of the support and guidance he needed in order to be successful.
How do you make an asset allocation decision today with imperfect information about what tomorrow holds? By making friends with equities.
In the past, much of the workforce had a portion of wages seamlessly and automatically reserved for the future in investments managed by employers. Now, most of us need to make an active choice to put money toward distant goals.
The last thing you want to happen on your vacation or while you are traveling -- or even when you return home -- is to get sick. That's no fun at all. So it pays to be prepared... before and during your trip.
There are many things to consider when contemplating retirement. It is one of life's sea changes and if not carefully considered, there can be many surprising outcomes.
As retirement gets closer, many people begin to worry about how they will find the funds they need to replace their paychecks after they've stopped working. What will serve as their income? Will they have enough to live on day-to-day? Will their money last long enough?
The president's proposal is fantastic, really. But this is not enough. Helping workers to invest these accumulated assets and then to withdraw sensibly at retirement are two other big problems, which the president didn't touch.
Retirement is a transition that's generally filled with mixed emotions. You may feel like you've finally reached your professional stride and still have many productive years left, but the human resources department is suggesting you take a "less-demanding" position based on the results of your annual physical and length of time with the company.
This demographic trend combined with longer life expectancies due to medical advances and a historically low birth rate have helped to create a perfect storm for potential future insolvency.
Good speech? Bad speech? That's irrelevant. And it's not important what you think of the president either. What's more important is what will actually impact your company. And based on the above, some of what the president discussed will impact you. That's what you should be thinking about as you begin this new year.
How you handle your money early on in life -- from being a stickler about adhering to a monthly budget to starting to save for retirement as soon as possible -- can lay the groundwork for a strong financial future.
Leverage is why we bought the house, especially if some of us didn't plan for retirement, as we should have done. If you're not leveraging it, that equity has no value.