A commonly believed myth in the world of investing is that a large sum of money is a necessity to begin investing. This is simply not true. There are many quality investment strategies for persons that do not have or want to risk a large sum of money. Many of these strategies can be implemented with $5000 or less. Peer
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A friend of mine visited his late father’s wife at a retirement community in Portland, Oregon. As he was preparing to leave, he noticed a newspaper, the Northwest Boomer & Senior News. In the paper was a column by Sam Friedenberg called Elder Law. He learned some very useful information from Friedenberg, an attorney who has been practicing law for
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Will the reverse mortgage surge in the coming years? We think so. Tyler Durden at Zero Hedge wrote yesterday, “Nearly eight years into an economic recovery, nearly half of Americans didn’t have enough cash available to cover a $400 emergency. Specifically, the survey found that, in line with what the Fed had disclosed in previous years. Forty-four percent of respondents
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It is very common for spouses to own property together as joint tenants with right of survivorship. When one passes, the other owns the property outright. It’s simple, easy, and automatic. But once in a blue moon when the other joint owner isn’t your spouse, it gets messy. When you co-own an asset with another individual, you can still have
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Are you tired of trusting the jigsaw puzzle of Wall Street with all of your retirement savings? Yields are low. You are forced to go after capital appreciation in an overvalued market like a cat sneaks up on a mouse. Did you know you can invest your retirement funds in some alternative ways that don’t include the stock market? Wall
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The best time to think about your retirement is always the present. Perhaps it’s only a few years away, but then again even if you’re young, don’t make the mistake of thinking it’s too early to prepare. What if an accident forces you into early retirement and renders you unable to provide for your family? You surely get the
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Question: I am in my mid-40s and have around $700,000 in retirement savings. Is that sum in the upper range for somebody my age and does it put me on track toward a safe retirement? I don’t think there’s any uncertainty that your $700,000 puts you ahead of some people your age. The newest figures from the EBRI (Employee Benefit Research Institute)
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Another great one from the Small Investor!
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A pension plan is a retirement plan that functions very similarly to the 401k plan. Unlike the 401k, your investment options with a pension plan are somewhat limited, but you will have a certain amount of income when you retire. The amount you earn with a pension plan depends on the company you work for. They usually take into account
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