Take Time for Yourself

Taking time for yourself – no matter how busy your schedule – is an important part of a fulfilling and satisfying life.
Don’t neglect the basics. Eat regular, healthy, satisfying meals. Be physically active, even just 10 minutes or 15 minutes at a time. Get enough sleep.
Slow down. When you hurry, you may miss out on the

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Reaching Goals Proven to Make Us Happy

Experiencing earned success brings satisfaction and happiness. Earned success is when you work hard to achieve your goals, whether it’s money or following your passion.
The University of Chicago’s General Social Survey showed that people who say they feel “very successful” or “completely successful” in their work lives are twice as likely to say they are very

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Pay Down Debt or Save for Retirement?

As important as it is to start saving for retirement early, you may be better off tackling your consumer debt first. In some cases, the amount of debt you have not only affects your budget today, but it can significantly limit your options in the future. So if you’re contemplating whether to pay down your

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Money Can Give You the Happy, Financial Freedom to Pursue Your Passion

Ideally, you want to spend each day engaged in activities that you find absorbing and satisfying, that you feel you’re good at – and where you feel you’re doing good.
Indeed, happy retirees are typically those who have a sense of purpose, whether it’s volunteering for their favorite causes, coaching a children’s sports team, helping their church

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Life on the Day You Retire - How to Spend, Invest, Manage Income and Health Care

On the day you retire your life changes.
How You Invest When You Retire
On the day you retire, you should still have money invested for the long term. Moving all of your money out of stocks and into bonds and bank accounts is an overly cautious approach that increases the likelihood that you won’t be able to afford your

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When You Buy an Annuity What to Look For In the Insurance Company

When you buy an annuity you enter into a long-term relationship with the insurance company that offers the product. For this reason, your primary consideration when comparing annuity products is the financial strength of the insurance company behind the product.
An annuity contract can last for decades, and you need a financial partner that will be around

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Get an Annuity to Meet Your Goal and Financial Objective

When you shop for an annuity look for one that is right for your goal and objective.
High Level of Guaranteed Income Now
If your objective is to generate the highest possible amount of guaranteed monthly income starting now, you will want to look at a single-premium immediate fixed annuity. Single premium means that you are paying for

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Mitigating Risk in Retirement

Retirement is great. Most of us who aren’t in it want it. But before you jump into retirement take time to reflect on a few risks. If you’ve been working for decades retirement is uncharted territory that you’re more apt to enjoy by looking at risk when you do your retirement planning.
Health care risk is the

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Creating Your Retirement Income Stream - Withdrawal from Savings and a Lifetime Income Plan

Retirement is a new phase in your financial life that involves changes in lifestyle and spending. It can be an adjustment to generate your own retirement income, often from a fixed amount of assets. A good way to make it work is to plan for multiple income streams.
More income sources = greater financial security
With the

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Annuities: Skip the Death Benefit Rider

Annuities are insurance that protect against the possibility that you’ll live a long life. They promise regular payments as long as you (and your spouse) live, so that you won’t outlast your retirement savings. If things were accurately named, annuities would be called life insurance (and today’s life insurance would be called death insurance).
As compelling

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Your Lifestyle is the Most Important Consideration When Deciding Whether to Rent or Buy a Home

When deciding whether to rent or buy a home the most important criteria to consider is lifestyle.
If you’re traveling a lot, you may not want to be tied down to a house. Even if you tend to stay close to home it’s likely you’ll begin to tire of home maintenance chores within the next decade

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Homeownership: Your Mortgage and Other Financial Goals

If you’re buying a house, never let a mortgage lender tell you what you can afford.
A lender makes more money when you borrow more money. And most lenders don’t really know everything about your finances. They just look at your income and do a quick calculation to tell you what they think you can afford. They

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Risks to Your Wealth and Prosperity

Prosperity is having sufficient assets to support your ability to live life for fulfillment and enrichment.
Here are some of the risks that can affect your trek to prosperity.
Spending
The most successful wealth managers know that they must be disciplined in their spending. It’s easy to let expenses increase as you make more and more money. If

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Prosperity: More than a Portfolio and an Income Stream

Contemplating life changes on your Prosperity Trek? You will need more than a solid portfolio and income stream during the transition. You may need the skills of a holistic or financial life planner, a person who can listen well, help you plan, ensure your finances are in order and get you motivated to make that

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Tips to Reduce Your Spending in Retirement

It’s important to manage expenses, and look for ways to reduce spending, when you are retired. In retirement you have fewer options to improve your cash flow. Your income is typically static in retirement. Also, to make your money last you need to be careful on how much you draw from your net worth and wealth

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Retirement Planning – Steps for Pre-Retirees

Even when one’s investments are doing well, facing retirement is stressful.
The good news is that, with the proper planning, a person can still retire without putting their nest egg at risk. Here are five last-minute steps pre-retirees should take before collecting their gold watches.
Adjust Your Asset Allocation
Whether retirement is six months away or three years

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Saving For Retirement - Find Out If You Are On Track

It’s critical to do the math, know the facts, plan prudently and make sure you stay on track for retirement.
Let’s say you’ve been saving for retirement and you’re in the middle of your earning years. How are you doing?
It’s hard to know offhand. Many of us are not savvy about investments and feel overwhelmed with the

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Setting Goals - And Reaching Them

Setting effective goals for your prosperity trek is not always an easy task, however some of the following tips can help you with this.
Attainable
You can set any goal you want to, for example “make a million dollars this year,” but how realistic is it? Unless you have invented something or are making close to a

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Evaluating Your Nest Egg - Is Your Retirement Saving on Target to Meet Your Needs?

How do you know if your retirement nest egg is keeping you on track to meet your retirement date – and to give you the lifestyle you’re planning for your retirement?
One simple way to assess your retirement readiness is to use an asset-to-salary ratio at different points in your career.
First, assume that you will need

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