OK, so you’ve reached middle age, or mid-career and you realize that retirement will come faster than you think … and you haven’t really been planning or saving. Here are some things you can do. Make lifestyle changes (cutting back on or eliminating unnecessary expenses)Delay retirement until 70Get a job (if you’ve already left your...
Read MoreReceiving an inheritance can be an unexpected windfall, and it can be tempting to burn right through money received in this manner. Before spending that money though, you should think it through and learn how to best use it to reach your financial goals. The best thing you can do is step back and wait before spending it so that you don’t spend it foolishly....
Read MoreWe hear it all the time, “When I retire, Social Security won’t even be around.” Is this really true? Not likely. Although the program is facing some financial strain, it’s not in danger of disappearing completely. However, it won’t be the program it was before and people shouldn’t expect it to provide for a comfortable retirement....
Read MoreBenefits can begin as early as 62, but each year you delay taking them (up to age 70), provides an increase in the benefit — and that can be significant. So that seems like a no-brainer, right? Well, here are three reasons it might notbe beneficial to wait until 70. You may not make it to your claiming age;A higher monthly payout may not be optimal; andSignificant...
Read MoreHere are 21 investment lessons from The Motley Fool writer, Sean Williams. Read the full article 21 Things I’ve Learned as an Investor Over 21 Yearson Fool.com to learn more about each of them. Starting somewhere is better than not starting at allIt’s OK to lose moneyTime heals most lossesDouble-digit market declines are always a buying opportunityIf it...
Read More