If you’re in your 20s, you should think of saving for retirement as a marathon rather than a sprint. Instead of focusing on the amount of money you’ll need to retire in 40 or 50 years, focus on how modest increases...
FILE – Photo of Andrew Jackson on a $20 bill is shown, Friday, Jan. 28, 2022, in Cleveland. Worrying about overall financial issues can make people less likely to plan for retirement, according to a 2021 report. If you don’t have...
How would it feel to live without a salary for 20-30 years? To be precise, that’s what retirement is all about! A recent HSBC survey report titled “The Future of Retirement: Healthy New Beginnings” mentioned that financial concerns are the biggest...
Last week the children’s friends visited us. These were young couples in their thirties. Still planning a family; excited about travel and the world; unwilling to lean on parents; and so on. When we began to talk about finances, their stories...
The word retirement brings with it a lot of anxiety and worry. The biggest concern for those approaching retirement is to create a balance between the life they live now versus the life they want to live after retirement. The biggest...
Betty will be 52 in a couple of months, while Bob is 57. Their goal is for Bob to retire at 60, and Betty at 59.Tara Walton/The Globe and Mail When their first Financial Facelift appeared in 2018, Betty and Bob...
No, this is not a get-rich-quick article. Research shows that financial security and wealth are, for most people, created throughout their professional careers. What sets the rich (over $ 1 million in invested assets, not counting real estate) apart from the...
The accumulation phase in retirement planning is essential, but so is the expense phase. What if you overspend in the first few years and run out of funds? The 4% rule of thumb can solve this problem. If you withdraw 4%...
Financial planning involves setting various financial goals in your life. In this article, I will discuss how a 25 year old single young person should plan their financial planning. For the sake of understanding I have assumed his monthly take-home pay...
