Affluent Savvy
Affluent Savvy
Photo: Pixabay
Peak years are generally thought to be late 40s to late 50s*. The Latest figures show women's peak between ages 35 and 54, men between 45 and 64. After that, most people's incomes typically level off.
Aquarius Aquarius - Aquarius is recognized for always choosing their different path, the most rebellious sign of the zodiacs. Because they have...
Read More »
Dreaming about receiving a birthday present: Be it in your dream or your waking life; birthday presents bring happiness and fulfillment to your...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »Peak years are generally thought to be late 40s to late 50s*. The Latest figures show women's peak between ages 35 and 54, men between 45 and 64. After that, most people’s incomes typically level off. Promotions favor younger people with longer futures*. The children are probably either in their last years of high school or in college, in effect anchoring the paying parents to their longtime residence and discouraging moving far away for the sake of a new job with a new employer. But, on the positive side, the promotions, and the raises have already been generously distributed by this time, so the income is at or near its peak. That means that important — but mostly pleasant — decisions are called for on what to do with these rewards for a long career well conducted. It’s time to take aim at building wealth to cushion the transition from hard work to soft retirement. The first order of business is to ensure that your income is put toward that critical purpose. That means paying off debt as quickly as you can. If any of that mortgage is still casting its shadow, take the appropriate action to erase it. Consider dedicating some of that income to paying off the remainder of your house debt, or, at least, increasing the monthly payments to speed up the process. The same is true for college loans for which you may be responsible, auto, home improvement or any other kinds of loans you may have undertaken. You don’t want to run those final laps toward retirement, carrying the weight of debt that will offset the assets for which you have waited for so long. Some people long to take advantage of higher income and lower bills by buying a bigger house or a vacation cottage, taking expensive trips or purchasing a boat. Assess whether, in all honesty, fulfilling those yearnings is as important to your overall happiness as providing for your comfortable retirement. If it is, by all means set your course that way. But talk it over and make sure it won’t subtract too much from your later lifestyle. According to the 2017 Retirement Confidence Survey by the Employee Benefit Research Institute and Greenwald & Associates, 28 percent of Americans age 55 and older have saved less than $10,000 for retirement; 35 percent have saved $250,000 or more**. According to advice compiled by Fidelity Investments, by age 30 you should have saved a sum equal to your current income; by 50, you should have saved six times your income; by 60, eight times***. Now is the time to make sure you don’t wind up short of the mark.
Blue is one of the most important colors of Feng Shui. There are endless shades of blue color that you can choose for your home to bring good omen....
Read More »
How to Make $400 A Day Freelance Writing. Freelance writing accounts for a good portion of my income. ... Blogging. Blogging is how I make the...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »In fact, here’s a worthwhile exercise: Determine what your retirement income would be if you retired this very minute. Practice living on that income for a month or two and see how it goes. Some expenses would disappear — or, at least, be substantially reduced — upon retirement. Presumably, you’d spend less on gas or transportation to get to work, maybe you’d eliminate dry-cleaning bills altogether. Consider whether you could retire other expenses. Not only would this practice exercise give you a clearer idea of how financially prepared you are for retirement, it may enable you to put away still more money.
What zodiac sign is fashionable? Although all zodiac signs have their sense of fashion and style, some signs are more likely to take an interest in...
Read More »
Liquids, gels, aerosols, creams, and pastes must be placed in a clear plastic 1-quart bag. You can have one of these bags per person. All of the...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »Consolidate your 401(k) plans if you have several because of having changed jobs. They'll be easier to keep track of — and you'll be better able to properly diversify. Consider investing some of your money in a Roth IRA^, if your income permits. Your tax bracket and income earned will determine eligibility, but there might be advantages to having some of your money in a Roth. A Traditional IRA is tax-free until distributions are taken from the account. A Roth is the other way around: Contributions are taxed but not withdrawals, if certain requirements are met. Remember, too, that tax law requires IRA holders to begin taking out at least minimum amounts, known as required minimum distributions, or RMDs, from their accounts once they reach age 72. Technically, that means the IRA money must start coming out in specific increments no later than April 1 following the year you reach that age. The exact distribution amount changes from year to year. It is calculated by dividing an account's year-end value by the distribution period determined by the Internal Revenue Service. ALEC Wealth Management, the retirement, investment, and insurance planning program located at ALEC, can help you determine where you stand financially now, where you want to be in the future, and ways you can get there. You’ll want to build as much wealth as quickly as you can. Don’t just wait until you’re on the verge of retirement to find out how much you have. Set your own course now.
Some factors that can attract cockroaches to clean houses include: Moisture. Leaking sinks and appliances create conditions in which roaches...
Read More »
Average American household expenses According to the BLS survey, the largest expenditures were housing and transportation, which comprised 26...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »
Most nuts are high in phosphorus and not recommended for those following a renal diet. However, macadamia nuts are a delicious option for people...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »
Myth Number 2: Spiders want to bite you “Spiders really have no interest in biting people, unlike a lot of other arthropods like mosquitos and...
Read More »