Side hustles aren't just for kids! Seniors and retirees are getting in on the action, too. Here are some realistic ideas to start today!
“We are still advising clients, especially younger clients, that if their future earning potential is higher, let’s go ahead and get your conversion done now,” Graham said. “If you want to make this conversion, it’s probably cheape...
More than 20,000 individuals retire each year from the U.S. military who are eligible to receive a guaranteed annuity amounting to half or more of their basic military pay. Separating from the military at an average age of 43, the overwhelming majority of these retirees enter second careers ...
As you can see, it’s the sequence of returns that matter. As he states, “once cash outflows are occurring, it’s not enough for returns to average out in the long run, if the portfolio could be completely depleted before the good returns finally show up.”3 So you need to survive...
While U.S. savings bonds have lost popularity as a means of long-term savings due to the low interest rates they’re earning, some retirees have been holding on to bonds that were issued when rates were higher. “For some people, we’ve seen the interest add up to quite a bit,” Ra...
With interest rates on savings accounts near zero, however, locking up much more presents costs to the investor, who could be earning 7 percent or more in the stock market, he said. It might intuitively feel right to keep the money 'safe' ... but the opposite is true because ...
(which is no means certain) – would be relatively easy. Merely restoring the Bush tax cuts for the top 1% of Americans (those earning over $414,000 a year) to the high 30-percent tax rates of the 1990s (nowhere near approaching the 94% top marginal rate of the 19...
“If your CDs are earning 4% and a mortgage would cost you 7%, you will lose money every day on that decision,” Stork explained. To get the truest reading on what makes financial sense, compare mortgage expenses to your investment returns on an after-tax basis, Stork noted. ...
Before you make the leap, study up on the skills or credentials you may need—as well as the cost of earning them—and talk to people in the field that interests you. Volunteering, moonlighting or job shadowing are all ways to get a feel for a new career, says Kerry Hannon, author of...