After many years of hard work and diligent saving for retirement, many struggle with the fear that they will outlive their nest egg. Or, perhaps worse, that the financial systems will collapse. So what does one do? Plan! It is my belief that the Three Bucket Retirement Strategy will both guard against adverse market conditions and grow your nest egg so that your money will outlast you. Laying the Groundwork Before the Three Bucket Retirement Strategy can be implemented, you will need … [Read more...] about Using the Three Bucket Retirement Strategy
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Nine Strategies for a Debt-Free Life
A debt-free life, what would that be like and how do you achieve it? Living debt-free is a life that is stress-free. A stress-free life is something that you can become comfortable with. Once you achieve such a goal, you will never go back. Detailed below is how you can achieve a debt-free life. LIVE ON LESS THAN YOU MAKE This tip sounds simple, but it is not for many people. Most want to keep up with the Joneses. Trust me, the Joneses are not having fun. They are actually broke! If … [Read more...] about Nine Strategies for a Debt-Free Life
Are Target Date Funds Right for You?
Target Date Funds are all the rage! Do you have your investments in them? They can be used for retirement funds, HSAs and 529s. Is this the smart direction for your investing? Will you maximize your returns? Let’s take a look at them and then you can decide if this is your best course of action. What are Target Date Funds? Target Date Funds are sometimes referred to as Life Cycle Funds. These funds take an approach based on one’s potential life cycle. For example, if you plan on … [Read more...] about Are Target Date Funds Right for You?
Home Buying: How Much Can You Afford?
Many people want to live the dream of owning their own home. Paying rent is a waste of money, they say. What you don’t want to happen is to overbuy or overextend and turn that dream into a nightmare. How much can you afford? Owning a home is special, and you must prepare accordingly. We will discuss the safeguards you need to put into place to eliminate a nightmare scenario. Often, the concept is, “I am paying rent now so if I pay the same amount for a mortgage then I will be all right.” … [Read more...] about Home Buying: How Much Can You Afford?