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If you believe variety is the spice of life, then this may be how you design your work life after age 50. Stepping off the treadmill doesn’t have to mean retiring.
The concept of “buy, borrow, die” was developed by Professor Ed McCaffery in the 1990s as a way to explain how people get rich and stay that way. Nearly 30 years later, the term has resurfaced ...
“A portfolio with an 8% annual return will double about every nine years. A 50-year-old with $200,000 saved for retirement might see that value quadruple to $800,000 by age 68 without additional ...
3. Use “good” debt. It can be really valuable to take on “good” debt, however. Good debt is low-cost financing for a productive, long-lived asset such as a house.A house tends to ...
In addition to being around other people, small celebrations and friendships that develop at work can be meaningful parts of a social life in later years. Related: Job-Hunting Tips for Workers Over 50
FINRA says you can usually borrow anywhere from 50% to 95% of the value of the assets in your investment account. In other words, you can access your wealth without paying capital gains taxes.
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Here’s 5 ways middle-class Americans can still become rich once they’ve entered their golden years For most of your life, your key financial goal is saving for retirement .