April marks Financial Literacy Month. It's the perfect opportunity for employers to start providing financial education programs to employees, and for employees to ask about the benefits they receive and education that's available in their workplace.
According to a January 2014 Schwab Money Myths survey, no matter how savvy we think we are, there are still a lot of financial misconceptions floating around out there. And surprisingly, a number of those misconceptions aren't about esoteric investing theories; they're about everyday financial situations.
Decide how you are going to spend your time. What are you going to do during the first six to twelve months in retirement, and what do you plan to do for the rest of your retired life?
If you want to retire to the beach, to a warm, sunny, tropical beach, but don't want to spend your entire savings in one fell swoop, consider the Texas Gulf Coast. It's not top of mind for those of us who have never visited or lived in the South, but when you combine affordability with natural beauty, it's surprising it's not up there with Florida as a top retirement destination.
A former video technician who used to spend long hours at a stressful job, Lee Greenberg is now a freelance consultant doing a little bit of everything, putting his expat experience to work in Nicaragua.
Once you determine how your current expenses are going to change during your retirement years, you can start to understand how much you'll really need to save.
The sea sparkles in Mediterranean shades of blue and turquoise, coastal paths are pink with sea thrift and the moors are carpeted in heather. Primroses, frothy white angelica and gaudy yellow gorse smother the narrow country lanes.
The earlier you begin saving money and the earlier you begin managing debt, the more likely you will be able to react to the challenges and opportunities that lie ahead.
The fact that people learn more about finances at home than from any other source is a testament to the importance of families, but it is also a responsibility.
Your cost of living will depend on your lifestyle, of course. In the new book we've just written, we explain just what this means, and we share details about how you should be able to reduce your living expenses by as much as 30-50 percent over what you may be spending in the U.S. or Canada. . . maybe more, depending on where you choose to live.
Sixty-five is a longtime bullet-point mile marker along the Interstate of American Life, the product of uncounted hours of congressional back room dealing and insurance-company probability charts.
In most of the world, there's no such thing as a Multiple Listing Service (MLS). "Running comps," as any would-be real estate buyer would do when shopping in the United States, depends on referencing an MLS. But, again, no such organized, computerized, easily accessible database of properties on the market exists in most of the world. With limited exceptions, the MLS is a U.S. market phenomenon, an indispensable tool that, somehow, the rest of the world's real estate markets manage to survive without.
Thanks to the economic crisis, the American dream of retirement in our 60s is dead or dying. Eighty is the new 60. But is this really that bad of an outcome? Your brain sees a silver lining.
roponents of the drastic Chicago pension cuts sought by the city have threatened a range of doomsday scenarios if their proposal is not enacted. Rather than the thoughtful, informed discussion this matter deserves, this is the equivalent of shouting "Fire!" in a crowded theater.
Arizona has been a big retirement destination for many years, and for good reason. In fact, the very first Active Adult Community in the US, Sun City, was developed there over 50 years ago. But the reasons to choose Arizona are more than just the obvious. While AZ has hundreds of days of abundant sunshine and tons of golf courses, it has a lot more going for it than only sun and golf.
A few reactions to Letterman's retirement announcement bring up the idea that he may be stepping down because he never "got" the viral video phenomenon that Fallon and Kimmel have so clearly mastered. I say, nuts to that. Letterman invented viral videos -- we just called them "watercooler moments," and they were spread with your lips, not your fingertips.