Financial Planning is a broad topic that spans your entire financial life. These articles cover your early finances, the retirement saving and planning process, the related topic of Social Security, your retirement, and finally estate planning. Additionally, check out related articles in these sections: investing, savings, and real estate and homeownership.
Financial Planning is a subsection of asset management.
An important factor in achieving financial success is setting good goals that you can work toward. Like traveling, you can get to where you want quicker if you know where you are going instead of wandering […]
“When should I take Social Security?” is the first question everyone faces when contemplating retirement. More than 50% of all men and women start taking benefits at 62. By age 66, well over 90% of all […]
Well, it finally happened to me. Last Friday, my company announced that it is halting 401k matching contributions, raises, and promotions for the remainder of the year. This is definitely better than losing my job, but […]
Retirement is just around the corner. You think you’ve saved enough; but with the recent market drop, you are just not sure. Your retirement accounts have taken drastic blows and now you’re in doubt if you […]
What happens when you cash out of your 401(k)? If you are planning to cash out of your 401k, there are several consequences that you’ll have to consider — and these are expensive consequences. In general, […]
There was an interesting comment from a reader, ToughMoneyLove, regarding the benefit of delaying your retirement because the Social Security Administration gives you 8% bump in benefits each year. Here’s that part of the comment: For […]
What is Advance Directive and Durable Power of Attorney for Health Care? Basically, this is the document that: (1) appoint an agent to act on your behalf, if you become incapable of making your own decisions, […]
Last night, I was pondering the subject of cash flow (essentially how money flow through our hands) and about financial well being. I played around with various visualizations that consist of income, expenses, debt, and assets. […]
Kent Irwin, who recently wrote a guest article: Is Suze Orman Right, Can You Be Your Own Financial Planner?, sent me a free license to use his eFinPLAN online financial planning software. In this post, I […]
With the recent turn of events, I have been giving a lot of thought about what to do in event of economic slowdown — i.e., recession, stagflation, depression, financial doom, or whatever you want to call […]