457 vs 401(k): What’s the real difference?
Depending on where you work, you may be able to save for retirement in a 457 plan or a 401(k). While any employer can offer a 401(k), a 457 plan is commonly associated with […]
Want to retire at 50? Here’s how to make it happen
Congratulations! You’ve made the most critical step in the entire process – searching out how to become financially independent. In my book, I explain how I made several money mistakes over and over before […]
Even if you can retire at 62, should you really do it?
Planning to retire at 62 is worth considering, but whether it’s a realistic goal depends on how much you’ve saved, your anticipated living expenses, and an educated estimate of your likely longevity. If […]
When should you really file for Social Security?
Deciding when to apply for Social Security can be a complicated math problem, one that has a different answer for each person depending on their circumstances. The earlier you file, the lower your benefit […]
We’re 56 and have less than $250K in savings. Can we still retire at 65?
It’s a question that everybody who isn’t a multi-millionaire finds themselves asking. How much money do I need to have saved to retire comfortably? In fact, we get emails like this fairly often: […]
The average American retiree has this much cash, but is it enough?
Retirement is a financial goal most of us think about. At some point, everyone will be forced to leave the workforce for good. But, how much will you actually need to retire? According […]
Average net worth in every state
The average net worth of Americans is $748,800, according to the Federal Reserve’s most recent Survey of Consumer Finances released in September 2020. Meanwhile the median net worth of American households is $121,700, according to […]
How to cope with financially unstable parents
How old were you when you realized your parents struggled with money? I was five: crouched on the top stair, listening once again to my parents fighting downstairs. My mom wanted to know where […]
Low-stress jobs that are perfect for retirees
Retirement should be for pursuing all those lifelong dreams you never had time for when you were working. A round-the-world cruise, driving across America in an RV, and spending time with grandkids are all […]
Dreaming of moving to Italy? Check out these coastal towns
Italy boasts the best beach and coastal towns anyone would dream of calling home. This country has so many great areas to live in, it can take months to research all the coastal towns of […]