Can You Really Save Too Much for Retirement?

Is it possible to save too much for retirement? That may seem like an odd questions. However, the answer is…yes. The answer isn’t so much focused on finances, but rather how saving for the future is impacting your life in the present. Sure, we all want to have that seven-figure nest egg, but what if getting requires forsaking a lot within your current life? I’m not saying you shouldn’t budget and be smart with your money, but don’t get carried away with it. In other words, don’t be afraid to take a vacation from time to time. Or go out Continue reading Can You Really Save Too Much for Retirement?

Juggling Retirement Savings and Education Costs

Higher education costs have been on the rise for years and seem to show few signs of yielding. Thus, the thought of saving for a child’s college education and retirement at the same time can seem overwhelming. While it may be tempting to focus on keeping costs down for your children, you shouldn’t do so at the expense of your retirement savings and plans. Most retirement planning experts will tell you to continue to save for retirement while saving for education expenses and while your child is in college. Keep in mind also that your retirement savings monies are not Continue reading Juggling Retirement Savings and Education Costs

Is a Credit Card Advantageous to Your Retirement?

Many credit cards offer rewards for making purchases. Whether it’s cash back or points that can be used towards purchases, having the right credit card can be a good way to save some money and get some perks that can be used to travel or make cheaper purchases. If you plan on traveling during retirement, you may want to consider a credit card that rewards with airline points/miles. Or, if you make a lot of purchases on Amazon, you may want to consider an Amazon credit card so that you get some money off your purchases. Those are just a Continue reading Is a Credit Card Advantageous to Your Retirement?

Do You Have Good Balance?

Markets go up and down. What was once a good investment can become a very bad investment in a short amount of time. That cyclical nature shouldn’t deter you from using the stock market to increase your retirement funds. However, the ups and downs of the market should make you more cognizant in what you invest in and how you invest. One of the easiest ways to protect yourself from the market fluctuations is to diversify your portfolio. There is nothing wrong with having some (not all) risky stocks in your portfolio, but you should balance those out with more Continue reading Do You Have Good Balance?