Making changes to what we are accustomed to for many years is not easy, especially when it involves the way we handle money. We all know that if we make wise money moves as soon as possible, the possibility of getting better financially is greater. Most of us will set all kinds of goals for […]
11 Key Retirement Strategies to Retire on Your Terms
Retirement, like rain and tax, is inevitable. It’s imperative, therefore, for you to start to plan and prepare well in advance for the big day. Yes. Retirement is one of the most significant life changes, second only to birth and death. After settling into a schedule for over four decades, retirement will present you with […]
Roth IRA vs. 401(k): Fundamental Differences
There is a wide range of long term retirement plans that can create sustainable sources of income that can support your lifestyle in retirement and Roth IRA and 401k are two of such plans that are worth comparing. Both are retirement investment savings that workers can benefit from tremendously. Though there are similarities and there […]
What is Liquid Net Worth and How to Calculate It
If you’re like me, you have probably come across the term – net worth in personal finance a lot. You also have a good understanding of what it means and have probably made references to it. In simple terms, net worth is the total value of an individual’s assets, cash inclusive, minus the total liability. […]
401k Contribution: Your Best Move to Prepare for Retirement
A few years ago, when my friend Martin (the name have been changed) quit his job to go back to school, he received a payment from his former company for the 401K savings he had contributed. While he knew he’d be getting the money back, he hadn’t realized just how much would be available. At […]
Women and Retirement Savings: Why You’re Not Saving Enough
Listen up, ladies. Listen really hard, because your future is on the line. As a group, you’re not saving enough for retirement. According to a recent publication by TIAA (which happens to be the firm my employer uses for retirement purposes), women should be saving 18 percent of their paychecks, while men have the luxury […]
