You’ve worked hard all your life, so you deserve to enjoy yourself in retirement. However, when you live on a fixed income, it’s important to keep track of where every dollar is going and not spend money carelessly. I spoke to financial experts and business leaders to find out the most common ways retirees waste money — so you know what not to do and can make better decisions that enable your retirement savings to last well into your golden years.
A financial advisor can be a great asset when it comes to retirement planning, but make sure you’re not paying them higher fees than you need to be.
“Investment fees can run 1-2% of your assets. For retirees with a million dollars invested that’s $10-20k a year,” said speaker, writer, teacher and financial coach Jillian Johnsrud. “If you’re only getting an hour check-in per year, that’s an expensive phone … Read More
Buying a home may be one of the biggest purchases you will ever make. The more you know about the home buying process, the more money, time and hassle you’ll save. And given the global health pandemic, there are certain precautions you’ll need to take to help protect yourself when the time comes to view prospective properties in person.
We’ve outlined 12 things you should prepare for now if you plan to purchase a new house in the months ahead. Take a look.
If you’re curious to know how much you can afford to buy, you can get prequalified for a mortgage by a lender. However, a prequalification is just an estimate of what a lender thinks you can afford, based on basic financial information you provide.
You’ll need to take it a step further once you’re ready to start seriously shopping for a home. You’ll want to get preapproved … Read More