My parents can’t afford to continue living their expensive lifestyle
Can you rely on your government to fund your retirement? Obvious answer? No. ..but maybe none of us are truly aware of what that means, because we don’t seem to be taking thi
The retirement savings rule: How much do you need to save?
One very simple way to figure out how much you need to save for retirement is to multiply how much you need in retirement, by how many years you expect to live. $40,000 IN RETIREME
How much should you save each year for retirement? The rule of 30
I’ve written before about a Fidelity benchmark floating around on how much you should save for retirement, but here’s another benchmark via Yahoo from Jim Otar of Reti
How should you calculate how much you need to save for retirement?
What I struggled with before was trying to figure out how much as a dollar amount I needed to save. It’s really hard to think about how much you might need in the future: Did
Filial Piety 101: How the giving back to your parents starts happening
I take this behaviour for granted because it is common in my culture, but apparently some of you folks do not know what it’s like to be in a culture that expects children to
Do you count on the lottery as part of your retirement plan?
My parents kind of do. Not as much as before, but I can see the desperation/hope in their eyes. At least, before I got a hold of their finances (all the papers they didn’t tr
How much should you have saved for retirement so far by age?
The average household income is about $50,000 in America, but that takes into account ALL age groups. Here’s what it looks like as an average household income of Americans by
The average person just before retirement at the age of 60 only has about $100,000 saved
I read a few shocking statistics the other day. They’re becoming more and more common and less shocking, I must say, but still very disheartening for most folks: 64% of Canad
What does “retiring” mean? Would you do your job for free?
Nelson who is the self-proclaimed Chief of the Retirement Police, poses an interesting point in reply to a post by Mr. Money Mustache versus The Retirement Police: But why do you t
Your children are not investments
Children you have, are not investments. You have kids as a parent, knowing full well that you may spend about $250,000 until they’re 18 and ready to be shipped off to college