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Retirement and Investing Tips

Tips for investments and a comfortable retirement.

Is Refinancing Smart for Those Over 50?

Posted In:  retirement  mortgage

Paying down debt, having money for retirement, and lower monthly payments are all reasons why people choose to refinance. Record-low interest rates make refinancing even more appealing. However, for individuals that are over the age of 50, there may be more to consider than getting a lower interest rate.Read the rest...

Investing for Your Retirement: Is it Time to Get Back in the Game?

Posted In:  retirement

The recession caused many investors to pull their money out of the stock market and look for safer investments. The burst of the housing bubble caused a surge in foreclosures around the country. However, since the recession officially ended, the stock market has seen gains. Although much of the country is still experiencing high levels of foreclosures, some parts are starting to stabilize. With banks offering extremely low rates, some investors are questioning whether it is time to start investing in stocks and real estate once again.Read the rest...

What to do When the Financial Road Gets Rocky

Posted In:  debt reduction  retirement

Most people learn from an early age that devising a plan helps in accomplishing goals. People methodically research what time and efforts an accomplishment requires and proceed to follow the necessary steps involved in reaching the desired result. This philosophy also applies to the financial world. A fundamental rule for achieving profitable finances involves having a strategy. But it’s never sunny all the time. Unexpected situations may temporarily derail objectives, but it is important to know what to do when the financial road gets rocky.Read the rest...

Are You Saving Money or Just Spending Less? Why You Need to Do Both

Posted In:  banking  retirement

If you buy a flat screen TV at 20% off the retail price, saving over $100, what happens to the savings? Are you saving money or just spending less? The answer is more than likely no to both questions. Do people actually SAVE the money, or are the “savings” diverted onto yet another sale? In this instance, saving is a misnomer.Read the rest...

Top Ten Signs You Need a Financial Makeover

Not unlike facing parents after mischievous events or having to pull weeds on the weekend, dealing with financial problems is an unpleasant task. Sticking one’s head in the sand and hoping it will all go away, does not solve the problem. The effects of procrastination only compound the dilemma. Curtail financial devastation by recognizing early warning signals and adopting a proactive approach. Learn the top ten signs you need a financial makeover.Read the rest...

How to Save for a Large Purchase

Alright honestly, who likes saving money? Not too many people. The savings rate before the recession started proves that. However, there are times when it must be done. Not being able to purchase a needed vehicle may make your life a little more difficult. While saving for large purchase is not something that you can do overnight, these tips can help.Read the rest...

How to Get More Money Every Month from Social Security

What would you say if someone told you to give back all the Social Security checks that you have received thus far? You might tell them to go pound sand, or you might consider what advantage you could gain from re-filing for Social Security benefits at an older age. For some retirees, this can be a way to get more money every month from their Social Security payments. 
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Is Real Estate Really Dead?

Posted In:  retirement  mortgage
A recent NY Times article titled, "Housing Fades as a Means to Build Wealth, Analysts Say,” came out with gloomy statement: “…many real estate experts now believe that home ownership will never again yield rewards like those enjoyed in the second half of the 20th century, when houses not only provided shelter but also a plump nest egg.” The article goes on to quote one silly economist as saying, “People shouldn’t look at a home as a way to make money because it won’t.”
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Five Money-Saving Resources for Seniors

Posted In:  retirement

Many individuals and families have been hurt by recent events in the economy and job market and a lot of those hurt has been the older segment of our society. Many of these "seniors" have had to quit working earlier than planned due to job loss and being unable to find other employment and have perhaps been somewhat unprepared for their premature reduction in income. Others hurt by the poor economy are those who have already been receiving Social Security benefits but who are struggling with the increase in housing costs, as well as in food, gas, medical, and other living expenses. In many cases, seniors aren't aware of what is available to them in financial assistance and help. The following are a few money saving tips that may help seniors cope with day-to-day expenses.Read the rest...

Five Retirement Pitfalls to Avoid

Posted In:  retirement

The economy continues to sputter, with the stock market’s highs and lows looking like an EKG readout. It’s easy to become distracted by immediate needs and forget the importance of retirement planning. Many of us have the best of intentions with our retirements plans, but make mistakes that catch up with us when we can least afford it: during retirement. Look at these five pitfalls and be sure you avoid them. Read the rest...