Retirement Plans for Individuals & Businesses: A look at some of the choices.
Provided by Marc Aarons @ Money Managers Inc. Households are saving too little for the future. According to one new analysis, 41% of Gen Xers and 42% of baby boomers have yet to begin saving for retirement. In a recent financial industry survey, 35% of small business owners said they were planning to use […]
Should We Reconsider What “Retirement” Means?
The notion that we separate from work in our sixties may have to go. Provided by Marc Aarons @ Money Managers, Inc. An executive transitions into a consulting role at age 62 and stops working altogether at 65; then, he becomes a buyer for a church network at 69. A corporate IT professional decides to […]
Are Too Many Baby Boomers Too Indebted?
Financial burdens could alter their retirement prospects. Provided by Marc Aarons @ Money Managers, Inc. Imagine retiring with $50,000 of debt. Some new retirees owe more than that. Outstanding home loans, education debt, small business loans, and lingering credit card balances threaten to compromise their retirement plans. How serious is the problem? A study […]
Will Debt Spoil Too Many Retirements?
What pre-retirees owe could compromise their future quality of life. Provided by Marc Aarons @ Money Managers, Inc. The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another possible point for that list: pay off […]
Are You Really Saving Enough for Retirement?
Why an early start (and accepting some risk) matters. Provided by Marc Aarons @ Money Managers, Inc Are you on track to save $1 million or more for retirement? If you are 50 or younger, you may need that much in savings to generate the kind of retirement income you prefer. Personal finance website […]
One Couple, Two Different Retirements ?
After many years together, some retired spouses may find their daily routines far apart. Provided by Marc Aaron’s @ Money Managers, Inc. When you see online ads or TV commercials about retirement planning, […]
How Will You Spend Your Retirement Savings?
Keep an eye on where it goes, as some destinations may be better than others. Provided by Marc Aarons You can probably envision how most of your retirement money will be spent. Much of it will be used on living expenses, health care expenses, and, perhaps, debt reduction. Beyond the basics, you will unquestionably reserve […]
Could Insurance Rescue You in Retirement?
Certain kinds of coverage may help to sustain you financially in an emergency. Provided by Money Managers, Inc. You plan for retirement with expectations in mind. You hope to enjoy a certain quality of life, with sufficient income resulting from smart financial choices. Ideally, your future unfolds as planned. But what if the unexpected happens? […]
Key Estate Planning Mistakes to Avoid
Too many people make these common errors. Provided by Money Managers,Inc. Many affluent professionals and business owners put estate planning on hold. Only the courts and lawyers stand to benefit from their procrastination. While inaction is the biggest estate planning error, several other major mistakes can occur. The following blunders can lead to major problems. […]
Managing Money Well as a Couple
What are the keys in planning to grow wealthy together? Provided by Marc Aarons When you marry or simply share a household with someone, your financial life changes – and your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed financially. The good […]