Category: Retirement
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What Happens to Your Money When You Die?
We all know that when our lives on Earth are over, we no longer own any asset or property. So what happens to your money when you die? If someone dies with no estate plan or written will, his or her estate will be distributed in accordance to the intestacy law — the assets will…
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8 Sad Facts About Women’s Retirement
Working women are falling short behind men when it comes to retirement planning and savings according to Transamerica Center for Retirement Studies. Because of their maternal duties and other caregiving obligations, female workers enter and leave the workforce more frequently. On top of that, they receive lower salaries than men so they retire with smaller…
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How Retired Americans Rely on Social Security Income
Social Security is becoming the last source of secured life-long income for many American retirees. Around 59 million US citizens were getting their retirement pension, disability or survivors’ benefits from this social welfare program. Yet countless seniors and families have difficulties paying out their monthly bills from payments they receive from Social Security Administration. Here’s…
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The Evolution of Retirement
With life expectancies getting longer, the rate of retirement for men above 64 years of age has gone up significantly. Unlike Baby Boomers, Gen Xers and Millennials will need more to sustain their standard of living in their retirement years. Comparing past and recent statistics, the infographic below reveal the changes in the attitude of…
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Inheritance: The Importance of Making a Will
Building wealth is just one facet of financial planning. It is only complete when you able to make a decision on what happens to your acquired wealth after you’re gone. Setting up a wealth succession plan is your best option. Succession planning can be executed through making a will. It is a testament that ensure…
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The Exponential Growth of Compound Interest – Chart
The exponential growth of compounding interest is one of, if not the most powerful formula in finance. Compound growth calculates the amount of gains earned based upon the added results from the previous period. Interest earned on the investment continuously reinvested to generate constant earnings. Over long period of time, this compounding leads to the…
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How a Physical Gold IRA Can Protect Your Wealth
Traditional IRA accounts may fail to deliver the financial security you need for your retirement. This infographic explain why holding physical gold through your tax-advantaged Individual Retirement Account will add protection to your investment portfolio against inflation and devaluation. Historically, precious metals like gold has been the best hedge against economic crisis and volatility. See…
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How To Achieve Your Dream Retirement
At each phase of your journey to a better retirement, you must learn the necessary money moves you need to be doing, the savings you’re targeting for, and the right investments. Here are the things you should do in your 30s, 40s and 50s to achieve your dream retirement. Surely, no matter what your age,…
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How To Retire On Cash-Flow Properties
Real Estate Investment Company, Maverick Investor Group, produce an infographic on how to make passive income with real estate as investment vehicle. Passive income stream is the supreme goal of retirement and cash-flow properties are an excellent means to generate solid returns for retirees. See also Ways Wealthy People Make Money on Property Investment. Specifications…
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Where Will You Be Financially At Retirement?
The sooner you start adding money into your retirement account and have a consistent savings plan, the more you pile up interest as time passes. This is known as compound interest or simply generating interest from the interest you generated in past years. Interest earned from your retirement plan will not be taxed during your…