Certificates of deposit is a type of savings account that earns higher interest rates than other savings accounts. This approach can help you grow your savings as long as you are willing to go for long periods of time without accessing the savings. It’s a long-term strategy, which can be very rewarding because apart from …
Who said you cannot be lazy and still make money? This is what a lazy portfolio enables you to do. With lazy portfolios, you can build your wealth easily and with little to no effort. What is a lazy portfolio? A lazy portfolio is an investment strategy, which usually is an exchange-traded funds (ETF), you …
Why the lazy portfolio works and how you can build one yourself Read More »
When you have an employer-sponsored 401k retirement plan, it’s natural to worry about what will happen to it if you move jobs. Fortunately, this is not something you need to worry about because you have options. These options include: Leave the funds in your old 401k account Roll over the funds to your new employers …
What to do with an old 401k after leaving your job Read More »
A mortgage accelerator program is a mortgage loan program that is tied to your home equity line of credit (HELOC). The goal of the program is to help you pay off your mortgage faster and save tons of money. Types of mortgage acceleration programs Mortgage acceleration programs are of two types. There is the bi-weekly …
The Ben and Arthur chart is an illustration by personal finance guru, Dave Ramsey. It purportedly shows how important it is to invest early. The Ben and Arthur Chart Explained Image source The Ben and Arthur chart illustrates how investing early can be more powerful than putting in more money. Here’s the story behind the …
What is the Ben and Arthur Chart, and What it means for Your Retirement? Read More »
Saving for retirement requires careful planning and commitment. And the earlier you start working towards making and saving money for retirement, the better. I mean, the last thing you want is to find that you don’t have enough savings to retire on. But with the cost of living constantly rising and the fact that now …
What is a long term care annuity and should you get one? Read More »
If you have a 401k retirement plan, there is the assurance that when you die, your loved ones will be taken care of financially. However, you need to make sure that the beneficiaries of your 401k plan can be able to access the money without any hassle. And this requires knowing how inherited 401k plans …
What happens to your 401k when you die? All about 401k inheritance Read More »
Here at Retirement Savvy, we’re big on having a fulfilling and secure retirement. Here are our top recommendations for books to read on retirement in 2019! 1. HOW TO RETIRE HAPPY, WILD AND FREE Many people look forward to retirement. They have dreams of all the things they could possibly do. However, that excitement quickly gives way …
Securing Retirement: 14 Best Retirement Planning Books Read More »
Americans are increasingly glum about the odds they will enjoy a secure retirement, and those concerns flow across generational lines. New research by the nonprofit Transamerica Center for Retirement Studies reveals that 45 percent of Baby Boomers expect to experience a reduced standard of living in retirement. Meanwhile, 83 percent of Generation X workers anticipate …
The following is a guest post from Al Jacobs, author of Roadway to Prosperity. Al has been a professional investor for nearly five decades and holds a degree in civil engineering from Rensselaer Polytechnic Institute, a Real Estate Certificate from the University of California and a Certified Property Manager designation (CPM) from the Institute of Real Estate Management. …
