WiserAdvisor

SEPTEMBER 13, 2022

The average retirement age in America is 63. However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. It can take several years to understand your future needs and accumulate enough savings to prepare for a financially secure retirement.

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WiserAdvisor

SEPTEMBER 14, 2022

The average retirement age in America is 63. However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. It can take several years to understand your future needs and accumulate enough savings to prepare for a financially secure retirement.

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Investing Caffeine

MAY 3, 2023

Hope is Not a Strategy We have lived through an endless number of scary headlines in some shape or fashion throughout our lifetimes. These are all interesting and important questions, but preparation for retirement is much more important than panicking over issues you have no control over. Risk Tolerance: What is your asset allocation?

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Random Roger's Retirement Planning

DECEMBER 16, 2022

A few things from the last couple of days all with the theme of retirement planning mistakes to avoid. The 4% rule of course refers to the percentage that can be safely withdrawn from portfolio assets for a sustainable retirement (not running out of money). Lastly is a list of retirement mistakes from Brett Arends.

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Integrity Financial Planning

MAY 4, 2022

With inflation soaring, the Fed is planning to make aggressive moves to slow the economy with rate hikes. If the Fed is being aggressive, how aggressive should the retirement saver be with their plan? Really look at the numbers of what you need to live on, because ultimately, that’s what it comes down to. What’s to come?

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Random Roger's Retirement Planning

DECEMBER 17, 2023

Yahoo warned of potential problems retirees may face if their plan is to rely solely on Social Security. change at retirement. Hopefully a mortgage is paid off, hopefully there are no car payments to make and health insurance at 65, if retired, should go down quite a bit on Medicare, especially if income goes way down.

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Carson Wealth

MARCH 2, 2023

Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client). But even if you feel confident today, would it be reasonable to retire early? How Early Is Early?

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Park Place Financial

JANUARY 9, 2023

Retirement Planning 5 Reasons Why Houston Is a Great Place to Retire Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. For many people, retirement offers the time and opportunity to travel and explore new endeavors they never had the time for during their working years. Cost of Living . Dining Options .

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Clever Girl Finance

DECEMBER 13, 2023

Saving money is an important task at any age, but as you hit your 40s, the need to save for retirement grows. While savers in their 40s and 50s typically have a decade or two left to save for retirement given the traditional age of 65, emphasizing saving now can set you up for a dream-worthy retirement.

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WiserAdvisor

NOVEMBER 4, 2022

In addition to this, you can save more and plan for more significant purchases with greater ease. For these reasons and several others, it is essential to follow specific financial planning tips for dual-income families. Is financial planning for dual-income families different from others? 7 Tips for dual-income families.

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Carson Wealth

JULY 26, 2023

By Odaro Aisueni, CFP ® , Wealth Planning Administrator As a small business owner, you’re likely so immersed in the routine functions of your business that you haven’t yet put much thought into the day you leave it behind. Yet while succession planning is often overlooked, it holds immense significance for your future well-being.

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WiserAdvisor

JUNE 19, 2022

Instead, they start piling up right when you plan to conceive. Infant care, baby food, diapers, medical care, schooling, and more, can be financially straining. While the figure is stressful, financial planning for a baby can help you transition into parenthood smoothly. This figure is exclusive of any college expenses.

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Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. Table of Contents What is a Financial Plan? Table of Contents What is a Financial Plan? Why is Financial Planning so Important? Why is Financial Planning so Important?

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Clever Girl Finance

NOVEMBER 4, 2023

Everything else Using percentages for your budget categories Expert tip: It’s ok if your budget categories change How do you plan your budget categories if you are focused on paying off debt? This group of categories includes: Retirement account contributions e.g. 401k/403b/IRA Non-retirement investing (e.g. Essentials 3.

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Clever Girl Finance

JANUARY 16, 2024

That’s why this is not a plan for better budgeting in the long-term. You can use a budget planning notebook or an app if you prefer. Food Particularly, this is a hard one to whittle down. throws away almost 60 million tons of food a year. With a bare bones budget, you do not leave any room for extra spending.

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WiserAdvisor

MAY 3, 2023

Health and financial planning must go hand in hand to ensure you always have enough savings to tackle the unexpected. Therefore, it is essential to consider your health when making financial plans. A financial advisor can help you understand how to factor your health into your financial planning.

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Clever Girl Finance

JULY 24, 2023

Many choose to save through a 529 plan to make the process easier. But is a 529 plan worth it? Table of contents What is a 529 plan? What are the pros of a 529 plan? What are the cons of a 529 plan? Expert tip Is it possible to lose money in a 529 plan? We’ll also go over the pros and cons of 529 plans.

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Good Financial Cents

MARCH 17, 2023

When converting an hourly rate, like $25 per hour, to an annual salary amount, you need to start with the number of hours in your work week. Multiply 40 hours by 52 weeks to get the number of hours worked in a year: 40 x 52=2,080 hours 3. In the example below, we’ll use a standard 40-hour work week. Sample Calculation 1.

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Clever Girl Finance

MAY 12, 2023

Imagine you make enough money through investments and savings that you can retire early. The FI formula How to FI: 5 Steps to reach financial independence Expert tip Understanding your financial independence number Determining your years to FI How many years until reaching your goal? What is FIRE? What is FI (financial independence)?

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Random Roger's Retirement Planning

JULY 9, 2023

About 40 years ago employers started to pivot away from pensions to 401k, they started to pivot away from defined benefit plans to defined contribution plans. The only pension I am remotely close to is the Arizona Public Safety Personnel Retirement System. And then somehow push companies to do this? If correct, that argues no.

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Carson Wealth

JANUARY 25, 2023

Mike Valenti, CPA, CFP ® , Director of Tax Planning Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner It’s January, so it’s officially tax season! You’ll also want to keep any supporting documentation, such as receipts and transactions histories, as the IRS may ask you to support the number reported on the return.

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Clever Girl Finance

JANUARY 29, 2023

This is very important for retirement, and knowing what your target net worth by age should be will help you better understand how to reach your personal financial goals. Staying away from debt is also encouraged so you can keep your net worth number positive. The information here is just to guide you, not to set any rules. Rowe Price.

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Clever Girl Finance

FEBRUARY 21, 2024

In mathematical terms, a ratio is essentially a way to compare two numbers. Since finance is all about numbers, that can come in handy in many ways especially when making financial calculations! A traditional ratio is expressed as a divisible number, but some of the ones below use multiplication or subtractions instead.

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Clever Girl Finance

JULY 3, 2023

Getting your finances in order and building wealth takes planning, and your budget can help you do just that. Succeeding with your chosen budgeting method Expert tip How do you plan your budget categories if you are focused on paying off debt? If you don’t plan, you can’t win. Table of contents 1.

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Random Roger's Retirement Planning

SEPTEMBER 22, 2022

A couple of different posts related to retirement from Humble Dollar to look at today. We talk about padding retirement budgets for unbudgetable expenses by $1000/mo or some other number relevant to your circumstance and history with unexpected one-offs. The last thing I would hope anyone would cut back on is healthy food.

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Good Financial Cents

JULY 3, 2023

Multiply the number of hours in a workweek (40) by the number of weeks in a year (52) to calculate the total number of working hours in a year: 40 hours x 52 weeks = 2,080 hours. Multiply the $30 hourly rate by the total number of working hours (2,080) to determine the gross annual salary: $30 x 2,080 hours = $62,400.

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Clever Girl Finance

FEBRUARY 6, 2023

In mathematical terms, a ratio is essentially a way to compare two numbers to each other. Since personal finance is all about numbers, that can come in handy in many ways! You can use ratios to keep track of many different aspects of your financial situation—from cash flow to savings to retirement and more.

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Clever Girl Finance

MAY 13, 2023

It’s having enough money to cover your basic needs, like food, shelter, and healthcare, as well as being able to afford the things that bring you joy and happiness. For some, having financial freedom means retiring early and traveling. You can also try out debt repayment plans like the avalanche vs snowball method.

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Good Financial Cents

APRIL 19, 2023

Your gross income determines the number of figures you earn. To maximize your earnings at this level, focus on financial planning and budgeting, as well as on improving your skills and knowledge. A budget will help you gain clarity on your income and expenses, prioritize where your money should go, and help you create a plan of action.

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Clever Girl Finance

OCTOBER 9, 2023

Budgeting when you have an irregular income A budget is a plan for your money. When your income varies, making a plan for your money can be more work, but it can be done. The expenses include necessities like your rent/mortgage payment, utilities, food, and car payment. rent/mortgage). But is working two jobs worth it ?

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Clever Girl Finance

SEPTEMBER 28, 2022

Believe it or not, according to the American Journal of Agricultural Economics , the average American household wastes $1,866 worth of food every year. Fortunately, learning how to meal prep can go a long way in helping you stick to a tight food budget so you can avoid waste. Reduce your phone plan to the cheapest plan possible.

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Random Roger's Retirement Planning

DECEMBER 31, 2023

Barron's posted a couple of retirement related pieces; one article and one kind of slide show that looks like something posted on Instagram. Second one first, the slide show which was titled How To Retire Early. Templin is semi-retired and writes occasionally for Barron's. Without Regrets. His articles are usually pretty good.

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Gen Y Planning

NOVEMBER 2, 2023

Charitable giving is a big part of many family financial plans, and when done effectively, it can also allow you to make strategic tax moves at the end of the year. Financial Benefits: Deciding How to Donate It’s important to do a bit of financial planning before making decisions about charitable giving. Energy or skills.

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Clever Girl Finance

SEPTEMBER 19, 2023

But it gets easier when you know the benefits of spending less and have a game plan for the future! A lack of planning or failing to budget is one of the big budget challenges. For example, if you forget to grocery shop or plan meals in advance, you may end up impulsively buying takeout. So what do you do?

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Nationwide Financial

APRIL 28, 2023

1 The surge of sales in WA created food for thought as insurance companies prepare for future state programs that may offer an opt-out. First, there was an unusual number of younger people purchasing policies, likely for the sole purpose of avoiding the WA Cares Fund tax. And how will they control the number?

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Clever Girl Finance

APRIL 29, 2024

The recommended amount for your emergency savings is to have 3 to 6 months of basic living expenses i.e. for food, housing, transportation, core utilities, etc. Start a side gig for extra income We could all use a little extra cash, whether to pay down debt, increase savings, achieve a financial goal, or retire earlier.

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Clever Girl Finance

DECEMBER 13, 2023

It’s also about planning ahead for future expenses. What number of sinking funds should I have at one time? Divide that amount by the number of months until the event. Here’s a list to help you plan! Your budget will likely have several different budget categories to help you plan your finances overall.

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