Well, I’ll reveal the answer later. Now, the BBC Money Box programme covers all sorts of financial features. Recently they were talking about lifestyle financial planning, which is planning your finances to meet th...
With a company or government pension plan, your choices can range from many to none. "Every pension plan is a little bit different from the other," says Christine Russell, a senior manager of retirement and annuities at TD Ameritrade. "When you can get the money out and how is a...
A lot of young people do not know how to manage their money when graduating from high school. What do you think are the reasons? What can be done to teach them this important skill? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write...
The Savage Number: How Much Money Do You Need to Retire?PRAISE FOR THE SAVAGE NUMBERTerry Savage
Whether you’re feeling stressed out by a high-pressure job or dreaming of a different lifestyle, getting ready for retirement sooner rather than later is a wise money move! When can you retire? Most people qualify for Social Security retirement benefits as early as 62, and some get pensions...
So how much do you need to retire comfortably? There are several factors that should be taken into account when determining that number, according to experts. That said, there are some general rules you can follow. Below, we'll break downhow much you should have stowed away prior to retire...
certificates of deposit which are considered the safer investment option, money market accounts, orother investment optionsto grow your money. For example, when you choose to invest in an FDIC-insured institution with a higher annual percentage yield, you’ll get a safer return on your money. ...
1. When you plan to retire The age you plan to retire can have a big impact on the amount you need to save, and your milestones along the way. The longer you can postpone retirement, the lower your savings factor can be. That's because delaying gives your savings a longer time to ...
Fun— without question, retirement is a reward of sorts, for having worked long and hard, and been a wise steward of your money. You ought to get to do something now that is genuinely luxurious and fun, by your own standards. Otherwise you’re likely to feel cheated. The older generatio...
Also consider the age you hope to retire. The later you retire, the more years you have to save— but the less you might be able to enjoy it, if your health takes a turn. Conversely, the earlier you retire, the less time you'll have to save money, and the longer you'll have to...