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How to Double Your Mom’s Retirement Income
Oooh Stats Based on the Bureau of Labor Statistics,ย as of 2018, the average American household (those north of 65 years old) pulled in $48,000 of retirement income and expensed $46,000.ย All things considered, that’s not half bad if you are average, you are likely breaking even. The average retirement savings portfolio holds $100,000 (rounded up from $95,000). Under further scrutiny (nerdy words), those households owe at least $66,000 in debt. The majority of that debt falls under their primary mortgage with $9,000 on revolving credit card debt. The Dilemma: 4% Rule for Withdrawing in Retirement Per Investopedia, theย 4%ย ruleย is aย ruleย of thumb used to determine how much a retiree should withdrawย from a…
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Your Parents Want to Retire in The Caribbean, Is The Beach Villa Retirement Dream Attainable?
There are hundreds of wonderful places to retire on a budget, but some are much easier to move to and settle in than others. Before jumping in.
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How We Ended Up Traveling 12 Countries in 14 Days For an Affordable Price
So you want to travel to 12 countries in 14 days? Sure about that… This trip is not for the faint of heart. If flying to 1-2 countries is rookie level, going through 12 is pretty insane by comparison. It required planning, the right attitude/personality, and a bankroll of money. Total costs ended up being around $7,775 in total (estimated at $7,250- $8,250). Not bad, considering some of the travel packages for 6 countries were going for $7,000 per person. Planning it on our own worked. We were able to tailor the experience and choose the type of experience we wanted from beginning to end. It was super challenging at…
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How to Make $100K Generate $100K Passively with a Financial Plan
I never professed to be the best with money but I know how to construct a financial plan. The very reason that Iโm writing this now, is because I took the fast ramp toward debt, depression, and anxiety. For most of us, unlucky with money, either from not being born with it or just squandering early opportunities; the road is rocky and rough. I grew up with no concept of how to administer a self-diagnostic; I only know that Iโm well when Iโm already through it. In that aspect, I’m lucky. Most people will never know the opportunities missed until it’s too late. โIf we have persisted in making errors,…
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The New Magic Number for Automatic Millennial Millionaire Status
More People Should Build Wealth. It's Easier than You Think. Most Millennials Can and Should Consider Becoming Millionaires.
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The Ultimate Millennial Millionaire Health Insurance Benefit That You Don’t Want to Miss Out On!
First, you are probably asking what’s an HSA. And Who are these good-looking doctors? (Shamelessly) The latter is just clickbait. You are now trapped into reading a 5 min article all about Health Saving Accounts (otherwise known as HSAs). Welcome to learning. The Internal Revenue Service’s (IRS) definition of an HSA: …A tax-favored medical savings account available to taxpayers. HSAs enable taxpayers to pay for current medical expenses and save for future qualified medical expenses on a tax-free basis. HSAs are owned by individuals, but contributions may be made by an employer or any other person. Amounts in an HSA may be accumulated over the years or distributed on a tax-free basis…
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Breaking Down The Net/Max Parent+ Financial Plan Step-by-Step
Of the 11 million families with children under age 18, and no spouse present, the majority are single mothers (8.5 million). Single fathers compose the remaining 2.5 million single-parent families. As such, it is only fitting that I draft a Net/Max Financial Plan for Single Parents. Moving the community forward wouldn’t work without supporting the strongest pillars. This is a road map; and, a Thank You for a job well done (before, during, and long after). For those brand new to this thread, here’s a fast track on reading material that you will need to LEVEL UP; the future Pulitzer Net/Max Financial Plan for Singles, The Magic Number for Million dollar Millennials, and When You…
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When You are Your Parents’โ Retirement Plan
With an aging population and a generation of young adults struggling with finances, the responsibilities of middle-aged Americans are increasing. Adulting is set to be even harder.
