As you may have learned during your working days, 80% of results come from just 20% of actions. This concept, known as the Pareto Principle, can save you time, meaning you have more of it to enjoy during your retirement. You may have seen that 20% of customers accounted for 80% of profits in business. Or that 80% of expenses came from only 20% of items purchased. In your personal life, it's possible that you spend 80% of your…
Most people think about identity theft as having a negative impact on their credit score and purchasing ability. That’s certainly true, but it can also adversely affect your retirement. If someone gets your social security number, Medicare account number, or credit card information, they may be able to collect the benefits that are rightfully yours. Disclosure: This post may contain affiliate links, which means we may receive a commission if you click on a link and make a purchase…
It's Never Too Late to Save for Retirement What are some effective strategies for investing my income? How can I get the most from my Social Security as I near retirement? What goals should I set to meet my needs? Hiring a Daily Money Manager can help you find answers to these questions and make handling your day-to-day money matters easier. It's Never Too Late to Start If you have yet to be as diligent in handling your finances…
People should start saving for retirement as soon as they enter the workforce, but the fact is that most people don’t. Truthfully, most Americans don’t think about saving for retirement until their nearly old enough to retire. And those who do try to plan, often don’t consult a financial advisor and have a tough time figuring out how much money they’ll need to live comfortably once they stop working. That’s where the Spend Safely idea comes into play. Spend…
You’ve worked hard your whole life. In the process, you’ve scrimped and saved and kept money aside for the day you can retire. It’s finally here! It's time to retire! You’re excited, but you’re also wondering, “now what?” You had no idea that the process of retiring would be a full-time job all its own. There’s more paperwork involved than you filled out buying your home years ago. You’re a bit overwhelmed and want to skip ahead to the…