By Donna Pols Trump, Next Avenue Contributor Getty Recently, an 88-year-old member of my family underwent elective spinal surgery for disabling back pain. While the duration of hospitalization for anyone after surgery can be unpredictable, we were surprised to find out our family member would be discharged home after only two days. We were not
By Edd and Cynthia Staton, Next Avenue Contributors Getty If you’ve been contemplating the idea of retiring abroad, you may have done a little research. Maybe you’ve even jumped on the internet to look for the country that’s best for you. Big mistake. You probably know the old saying: “If you don’t know where you’re
You’ve probably heard by now that investing just got a little bit cheaper. Now cheaper isn’t necessarily better, especially for those of us hunting for safe, meaningful yields to fund our retirements. We’ll get to our diversified 3-click, 7.4%-yielding portfolio (including a couple monthly payers) in a moment. But first, more on the no-commission craze.
New funds are rare in the closed-end fund (CEF) world. But there’s a new kid on the block throwing off a monthly 6% dividend. Today we’re going to run through this new fund to see if it might have a place in your portfolio. 6% Dividends and Netflix-Like Growth—in 1 Fund I’m talking about the
CHICAGO, IL – OCTOBER 01: Illinois gubernatorial candidate J.B. Pritzker speaks during a round table discussion with high school students at a creative workspace for women on October 1, 2018 in Chicago, Illinois. Pritzker was joined by his Illinois Getty Images Yesterday, Illinois Gov. JB Pritzker’s task force released its report proposing consolidation of the
Many seniors, as they approach or enter retirement, have found that their retirement savings may be inadequate for the long haul, let alone be able to cover unexpected expenses, medical emergencies or assisted living costs. Their 401(k) or IRA aren’t earning what they thought it would, and even though they qualify for Social Security, they realize it might not
Billionaire Warren Buffett, speaks during a news conference of International Metalworking Companies (IMC) in Dalian, Shangdon province, China, on Wednesday, Oct. 24, 2007. Buffett said investors should be “cautious” about China’s stocks as prices surge. Photographer:Kevin Lee/Bloomberg News BLOOMBERG NEWS Editor’s Note: The original version of this article was published in the October 2019 issue
Retire early now without having the FI Money ———————————————————————————————————– Check out some of the great reading material on the subject of financial independence & Real Estate (beyond BiggerPockets.com ): ———————————————————————————————————– Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence ( this is The Godfather of LEAN FIRE Book) Your Money or Your Life:
Getty By Sam Meenasian, Next Avenue Contributor Many boomers want to change careers for a variety of reasons: to reduce stress; to learn something new; to follow their passion; to find a change of pace or to stay ahead financially. But it’s easy to make mistakes and overlook factors that are critical to changing careers
Did you know that you can invest in real estate with your IRA or 401(k)? Using a retirement account to invest in real estate can be extremely powerful because although you can only contribute a limited amount to your IRA/401(k) per year, there is no cap on the returns from that investment. However, you want
BOSTON, MA – AUGUST 27: Home Health Care aid, Lora Lodkina, left, helps Galina Zhidkova with shopping. (Photo by Suzanne Kreiter/The Boston Globe via Getty Images) Boston Globe via Getty Images In 2020, Medicare beneficiaries will have more opportunities to join Medicare Advantage (MA) managed care plans that offer limited personal supports and services such
By Holly Lawrence, Next Avenue Contributor Getty When you’re looking for work after 50 and run into rejections, it’s easy to lose faith in yourself. Employers often send responses like this, which translate to failure and inadequacy: “We received applications from other highly qualified applicants whose skills are more suitable.” A suggestion: Try turning your
Financial advisors have been overseeing estate planning and asset management for their clients for centuries. In recent years, however, the introduction of new asset types and the implementation of new laws has made it necessary for finance pros and their clients to expand their knowledge and stay on top of trends if they want to
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses withdrawing an application for Social Security retirement benefits, what happens with Social Security disability benefits at certain ages, survivor’s benefits and domestic partnerships, submitting an application and whether to
AGUNG SUPRIYANTO/AFP/Getty Images The main goal of investing for retirement is building up enough wealth to cover your living expenses (and pay for fun) for as long as you live. The problem? There is not a single soul on Earth who knows when they’re going to die. You can speculate all you want, but the
Investing in real estate vs the stock market. For your early retirement. Now this has always been a hard debate, I see people going back and forth on this very topic and I decided to also step in. Check out my vlog on whether it’s better to invest in real estate or the stock market.
Are your retirement savings goals based on faulty assumptions? Getty If you are trying to figure out how much money you need to save for retirement, there’s an easy rule of thumb that you can use: simply multiply your expected annual expenses in retirement by twenty-five. For example, if you expect to spend $100,000 annually
See where you fit on the money accumulation curve. If you are curious about whether you are keeping up with the Joneses, our calculator will help. Open the Google Sheet document. Make a copy. Insert your net worth. The spreadsheet will tell you where that ranks you among 128 million U.S. households. Wealth Calculator Google
Never wait for your check to come in the mail again. You control when you invest in your next deal.
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Never wait for your check to arrive in the mail again. Write a check directly from your tax-advantaged IRA for your next real estate investment.
If you’re looking to retire early or even retire by the age of 50, this is a must-watch video. Warren Buffett amassed 99% of his fortune after he was 50. This flies right in the face of conventional retirement planning wisdom which assumes you must throttle your risk tolerance to CD and money market levels.
A rainy night in mid-town Manhattan, 2013. Something was happening at 8th Ave. and 44th St. — sirens, squad cars, cops cordoning off a corner. My actress girlfriend and I were coming from a theater workshop at the Producers Club on 44th, and she said as we approached the avenue: “You might be covering that
Users should be alarmed about all the issues that didn’t get fixed by the new Medicare Plan Finder. Getty The Centers for Medicare and Medicaid Services (CMS) redesigned the Medicare Plan Finder to address many concerns. Probably, the best summary of these concerns is in the July 2019 GAO report, “Medicare Plan Finder: Usability Problems and
Don’t have money in the bank to invest in multifamily? Don’t count yourself out! There are several ways to access capital for real estate deals. In this week’s video blog, we discuss the different money sources you can use to invest in real estate syndications! We explore how to convert your stocks and bonds into
Don’t think you have enough funds to invest in real estate with your IRA? Watch this session to learn from examples that John Bowens, Equity Trust Educational Speaker, presents to challenge that notion for you. The other day, John got a phone call from a perspective investor. The investor had recently heard of the concept
null Getty Are you ready for Medicare’s Open Enrollment? It’s coming soon, running from October 15 through December 7. If you’re age 65 or older and are eligible for Medicare, you have a golden opportunity to choose wisely regarding your coverage or correct any previous mistakes you might have made regarding your Medicare elections. You