Finance Globe Blog

U.S. financial and economic topics from several finance writers.

Retirement in 2019

retirement-fishing-boat
If you are considering retirement in 2019, first of all a big congratulations is due! Retirement is a period you should be looking forward to. This will bring you the freedom you have always been looking for. At the same time, you do not want to rush into retirement without being fully prepared. Below are a few key things you should look further into and know about retirement in 2019 prior to taking the dive....
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Frank
My father-in-law retired this year and decided to take his social security early.
Tuesday, 29 January 2019 16:21
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How to Create a Will?

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Now that I have a child on the way, I have done some research and learned that I likely need to create a will. I never really thought about having to draft a will, but now that I am married and have a child on the way, I thought it would be a good idea to check it out. Based upon my research, below are some helpful tips on creating a will. Please share if...
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Wanderer
This is an important life document! If a person becomes deceased without a will ... most often they are at the whim of their state... Read More
Sunday, 04 November 2018 12:24
Frank
It is a very important life document! its been my first experience putting one together, but I am learned a ton!
Wednesday, 21 November 2018 14:06
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What are Robo-advisors?

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If you have performed any research on the investment advisor industry recently, you likely have seen a lot of companies offering robo-advisor investment solutions. A lot of people might not fully understand what robo-advisors are and how they work. Below is a summary of robo-advisors. Please feel free to comment in the comment section below if you have any positive or negative experience.  Robo-advisors are a new online software that helps you manage your investments....
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Frank
I met with a few rob-advisors last week over the phone. I am going to put roughly 25% of my portfolio into robo-advisors. I will ... Read More
Monday, 29 October 2018 11:19
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Why it is So Important to Start Saving for Retirement Before you Turn Thirty

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Many people, like myself, did not think saving early in my life was important. I figured I would be able to save later in life when my salary increased and would not worry about it. I never realized how wrong I was, and I quickly realized it is critical to start savings as early on as you can. While everyone may not be able to save in your early twenties, I would highly recommend to...
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Frank
Anyone around 30 (or slightly older) who started investing because of this article????
Wednesday, 29 August 2018 17:20
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Why You'll Regret Dipping Into Your Retirement Savings

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Your retirement fund is a place that you can invest money you earn today so you’ll have a nest egg to support yourself when you finally stop working for good. Retirement may be decades away for you and in the meantime, you may be tempted to pull money from your retirement fund for some of your other financial goals. People commonly dip into their retirement to cover a down payment on a first home, for...
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Frank
Early withdrawals are going to kill your retirement funds. I recommend against it almost for all situations, unless it is really d... Read More
Wednesday, 29 August 2018 17:17
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What is Social Security?

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Many people know what social security is, but there are people today who still aren’t sure exactly what social security does for people. There are also many people who don’t know the details of the program either. Below is a high-level summary of the program. Social security is a pay-as-you-go program, meaning today’s workforce pays social security taxes into the program and money flows back out as monthly income to beneficiaries. About 169 million Americans...
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Retirement Accounts: Roth IRA vs. Traditional IRA

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If you are planning to open a retirement account, one of the first things you need to figure out is if you want to open a traditional IRA or a Roth IRA. Both are great retirement offerings, but there are a few differences to research prior to opening one. There is also some overlap in that both defer taxes while the money is in the retirement account, and both have contribution limits to them. 2018...
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How To Start Investing When You Don't Have A Lot Of Money Saved

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Many people who have not started investing say their reason for not starting is because they do not have a lot of money saved. However there are several ways to start investing even if you have less than $1,000. Below are some ways to get you started and please post if you have any other recommendations on ways to start investing as well. Online brokerage account : Many brokerage accounts, such as Fidelity, Charles Schwab,...
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Why Your 401k Is Important

retirement-status-application
Paying off your loans is very important for a young individual. But saving for retirement is also very important. 401ks are a very important part of your retirement. Retirement savings is critical for every person and are critical for young investors. Delaying your retirement options, especially investing in your 401K can be detrimental to your life savings. The earlier you start, the better off you are likely to be. Below are a few advantages to...
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Frank
I hope everyone that is employed had a 401K. Has anyone started one this year?
Friday, 23 February 2018 14:30
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5 Steps to Take If You Get a Raise This Year

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All your hard work has finally paid off and your boss has just informed you that you’ve received a raise effective on your next paycheck. Many people automatically start thinking about how much additional money they’ll be able to spend each month. It’s understandable that you want to use your extra money to improve your life, but makes sure you’re being smart about it. Don’t assume anything until you see your paycheck . A 5%...
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Frank
My wife and I were both lucky enough to get a raise this year. We decided to increase our debt payments up the same amount. This w... Read More
Friday, 23 February 2018 14:29
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