Although students are likely excited about classes, meeting new people, and enjoying all the extracurricular activities available on campus, managing finances and expanding money knowledge is important.
To help achieve this greater financial freedom, there’s a concept known as the Financial Independence, Retire Early (FIRE) movement, which encourages certain saving and planning strategies to help make early retirement a reality.
Ensuring a comfortable and financially secure retirement takes a little prep work, but when you take time to check all the boxes, you can feel more confident about achieving your goals for the future.
When it comes to sustaining retirement income, people often place importance on the average rate of return. However, what might be more impactful is not the average return, but the order of returns.
Will you be excited for this new chapter or have a hard time adjusting? While this transition can be bittersweet, many personal and financial opportunities can arise from an empty nest.
Over half of adults in this age range are sandwiched between supporting their children and their parents. Since this can bring about unique financial challenges, creating a clear strategy and budget is essential.
For those who have a mental health condition, they may be worried the diagnosis will make it more challenging to get life insurance coverage. Thankfully, it is still possible to qualify for a policy and put valuable financial protection in place.
Along with the emotional stress, a loss can also be very financially overwhelming, especially if there is no plan in place to cover expenses and day-to-day bills.
What happens when that money is gone following an event? How do you rebuild this financial safety net? Here are some tips for emergency fund planning for this important financial safety net.
