Whatever your vision for retirement, you have to consider whether or not you will continue to live in your current home. Some retirees downsize from a house that was once full of kids. Others want to stay forever, if possible, where they’ve lived for decades. Which option is right for you?
Month: September 2021
Financial planning is a must for professional athletes, who are famous for burning through their six-, seven- and even eight-figure salaries. Many pro athletes earn in a single year or a few years what the average worker may not see in a lifetime, but this can give a false sense of security.
You feel like you’re drowning in credit card debt. And while you can’t squeeze anything more out of your paycheck, you may have a tidy sum sitting in an individual retirement account (IRA). Sure, those funds are supposed to stay untouched until you retire. But that’s a long way off. Might it be a better move to use all or part of your IRA to get those high balances off your back? Read on to find out more about the implications of using retirement funds to pay off credit card debt.
Many people fantasize about financing a good chunk of their retirement by selling their current home, buying a smaller place, and investing the difference for income. In reality, however, they often reap far less profit than they might have hoped.