Let’s face it – planning for retirement can be confusing as heck! With so many options out there, it’s hard to know which path to take. If you’re scratching your head wondering “what is better, a 401(k) or IRA?”, you’re not alone. This question pops up all the time when people start thinking about their … Read more
Your retirement income can be a good source of income for getting a mortgage, as long as it meets certain requirements. This includes income from Social Security, pensions, and annuities. Each type is treated slightly differently, but the underlying requirement remains the same: the income must be stable, documented, and likely to continue. Retiring doesn’t … Read more
Life after the 9-to-5 grind should be amazing, right? But for many retirees, the reality of retirement isn’t always what they imagined I’ve spent countless hours researching this topic (and talking to actual retirees), and one thing is crystal clear a happy retirement doesn’t just happen by accident! Did you know that nearly 2 million … Read more
Even with a rocky start to the year in the market, workers in their 40s appear to be sticking with their retirement contributions. Thats based on Fidelitys latest report, which analyzed data from more than 24 million of its 401(k) accounts through March 31. Heres how much people in their 40s have in their 401(k) … Read more
People already find it hard to understand how to save and invest for retirement in good economic times, so it’s not a surprise that a lot of people are worried about their financial futures right now. Everyday items are getting more expensive because of inflation, and mortgage and other loans are becoming more expensive because … Read more
The Simple Answer: Yes, LGPS is Definitely a Funded Scheme! If you’ve been wondering whether the Local Government Pension Scheme (LGPS) is a funded scheme I can give you a straightforward answer – YES, it absolutely is. But what does this actually mean for you as a member or potential member? Let’s dive into the … Read more
Want a fancy retirement with a $200,000 a year? You’re not the only one. Many of us want to keep living the way we do now (or even better it!) when we retire. That being said, the real question is how much money do you need to save up to make that much a year? … Read more
Hey there! I’m thrilled you stopped by my blog today. If you’ve been worrying about how your pension might affect your Social Security benefits, I’ve got some really good news for you! Recent changes to Social Security laws have completely transformed this situation, and I’m excited to break it all down for you in simple … Read more
In the United States, 60% of couples in a second or subsequent marriage have at least one child from a prior relationship. In 2008 one-third of people divorcing were actually re-divorcing (divorcing again). In blended families, it is important to make sure the children from your first marriage are not unintentionally disinherited. To make sure … Read more
Being named as an executor of someone’s will is both an honor and a significant responsibility One question that frequently comes up is “What percent does an executor of a will get paid?” If you’re wondering about executor compensation – whether you’re planning your own will or you’ve been named as someone’s executor – you’ve … Read more