So you have reached the point where you have some money in savings that you want to keep for the long term future. However, you realize that putting it in your run of the mill savings account will likely result in its compound interest rates barely keeping up with inflation. You are willing to accept a little bit more risk in return for a higher reward and you are interested in investing in the stock market. Investing can be intimidating for the beginner and there is a lot to learn about the world of stocks and bonds. Here are a few things to remember when you are first starting out: Educate … [Read more...]
How to Travel Cheaply in Your Retirement Years
If you are nearing retirement age there are many things to look forward to in your future, such as the chance to take time for yourself, pursue your hobbies and of course travel the world. This is the chance to see some of the places you have always wanted to see, which you postponed in the name of career and raising a family. Now that the kids have flown the nest you can pack your bags and take off on an adventure. However, what if you are finding that your retirement income is smaller than you expected and you are not sure how you will afford the trips you and your partner have been looking … [Read more...]
How to Make Your Retirement Savings Grow As Fast as Possible
Have you started saving for your retirement? When you are young it might seem like a long way away, but in order to save enough money to stop working the earlier you start, the better. But what if you want to make your retirement savings grow faster and perhaps retire a few years earlier? Here are some tips that will help you accelerate towards your goal: Have a Concrete Goal Amassing enough wealth to comfortably retire is a long and methodical process and it takes a lot of commitment and delayed gratification. It is a lot easier to stay dedicated if you have a specific goal and you can see … [Read more...]