After decades in the rat race, you’ve done your time. You’re excited to clock off for good and start all those projects you’ve always dreamed of. Then the pandemic hits. Interest rates are cut and people panic.  Where does that leave you? If this sounds familiar, you’re not alone. Preparing for retirement during COVID-19 may sound scary, but many of the challenges are the same as they’ve always been. It’s all about planning. Here are our four top tips to prepare for retirement in 2021 and beyond. #1 Assess...

Unfortunately, there are many people who are finding that they’re financially unprepared for retirement and end up being unable to afford the luxuries they are used to. It can be a harsh reality check for many, and the advice to young millennials is to prepare for retirement as early as possible. Pensions and other schemes, like 401K’s, aren’t always enough to rely on. However, investing in real estate is becoming more appealing. So, what are the advantages of investing in real estate as a way of saving for retirement? Image Source...

As a doctor begins to think about retiring, one of the things that he or she should include on their list to do before riding off into the sunset is to make sure they have enough medical malpractice insurance. It is important to have enough coverage for claims that may be filed after they have closed the doors to their practice. Because these types of claims are considered long tail, patients can bring malpractice claims against a doctor many years after treatment occurred. This is one of the reasons why physicians are still at risk,...

There’s no other way to say this: you literally owe your life to your parents. After a lifetime of receiving their love and support, their retirement is the perfect time to pay them back. This is your time to show your continued gratitude. As an immediate gesture, arranging a great retirement party can be a great way to celebrate their milestone. However, one great night doesn’t make a happy retirement. Retirement will bring many changes to their lives while longer life expectancies mean they’ll have more years of it too. As such,...

Nowadays, a lot of people are finding it harder to sustain themselves after retirement. They find themselves with less money than they expect, which puts a financial strain on them and their families. The truth is that this problem can be solved with just a bit of planning and learning. The smarter you get with your money, now, the more you can end up with when it’s time to retire. Picture Get investing One of the keys to making sure that you’re retiring happily is to make sure that you have the money to put aside for it. Taking a...

Although one of the most important aspects of personal financial planning, retirement investment options can be confusing at first glance and it is sometimes tempting to put off important decisions to a later date. Putting off a decision about choosing a retirement plan for too long is not a good idea.If you are one of those people it’sa big mistake to wait, because the earlier you put pension provisions in place the greater benefit you will receive from them. Whether you are a business owner, entrepreneur or everyday Joe or Joanna...

After retiring, you may be wondering if it’s more cost efficient to rent or buy a new home in a new city. Before making a decision, you should do some heavy research. Here are a few things to consider before making your decision. Home prices are on the rise Though we were in an economic slump for a few years, we appear to be recovering. As a result, the prices on homes are bouncing back. In fact, just recently, several cities in the United States showed a rise of almost 11 percent, the biggest gain since April 2006. If you...

...

Whether you are involved in the financial industry or not, there are certain terms you should know. As a homeowner, as a loan consumer, as a business owner, you need to know these terms to guide you through your decisions.  Equity Financing Equity financing is a type of financing used to raise capital by selling shares. There are a variety of different types of equity financing, which include initial public offering, small business investments, angel investors, venture capital, and quite crowdfunding. Principal The...