We talked to Jeremy Jacobson, 39, who retired a year ago thanks to the nest egg he and his wife saved for 10 years. They have no plans to rejoin the workforce, because they expect their money to last another 60-plus years. They even want to have kids.
A strong personal economy has, historically, been built on traditional pillars: Make smart investments, manage expenditures, and build sound credit history. But in today's increasingly interconnected world, that alone won't cut it.
Now that the New Year is underway, it's time to stick to those resolutions you promised to keep. And if you're like the many Americans who made resolutions of the financial sort, now is the time to develop a realistic game plan.
How does one go about tracking down a lost pension? About 35 years ago, I worked at a manufacturing company for a few years that offered employee pensions, and I want to find out if I'm eligible for any money now that I'm about to retire.
Roughly 16 percent of taxpayers will put their refund in some type of savings. In an effort to avoid debt or the temptation to raid your retirement accounts in the event of a financial emergency, consider setting up an emergency fund.