Posts Tagged ‘senior’
401(K)s Can Augment Your Retirement Plan
Record Highs in 401(K) Contributions Retirement accounts in the U.S. reached record highs by the end of 2018’s third quarter. The average account balance was $106,500 for 401(k) plans, and the number of 401(k) millionaires in the U.S. increased to 187,400, up 41 percent from 2017. This trend may continue, because of an increase in 2019…
Read MoreComplimentary Access to Our Powerful Portfolio Monitoring System
Portfolio Monitoring Software Reduces Your Investment Risk If you’ve been investing in market-based securities, you probably understand how important market risk is. Not all investments are tied to the market, but any that you do have will face the risk of devaluation during the term of your investment. You can mitigate this market risk by…
Read MoreHow to Avoid Ending Up in Hot Water During Retirement
1. Pay Off Your Debts Before You Retire This might seem a little obvious, but when it comes to retirement, interest rates on debt don’t falter. In fact, your debt will likely continue to grow at exactly the same rate as pre-retirement. Unfortunately, as a country we don’t have major debt relief programs for seniors…
Read MoreShould I Become a Senior Entrepreneur?
What is it Like to Be a Senior Entrepreneur? Rob Horken — owner of Rob’s Rod Repair and Custom-Built Fishing Rods — supplements his retirement income by building custom-made fishing rods. An avid, lifelong fisherman in East Grand Forks, Minnesota, Rob’s rods are like individual works of art. They have become a popular choice in…
Read MoreDo You Need Long Term Care Insurance For Your Retirement?
Statistically, You Probably Will When we plan for retirement, there are more than a few uncertainties. At first, you might think that you can take care of unplanned expenses with a rainy day fund, but it depends on the complexity and magnitude of any unforeseen costs. According to Morningstar, 52.3% of people turning 65 will…
Read More