Tag: Financial planning

4 Ways Financial Wellness Differs From Financial Planning

People should think about several facets of planning beyond budgeting and paying bills to achieve true financial wellness. Financial planning involves covering current obligations, saving for the future, eliminating or minimizing debt, and creating a budget. While those aspects are essential, planning differs from overall financial wellness, which encompasses your entire economic life and uses planning tools as building blocks to get there. Here are four ways the two differ.

End-of-Year Checklist: 4 Important Financial Tasks To Complete

The end of the year isn’t only a time to make resolutions for the 12 months ahead. It can also be a good marker for finishing up some financial tasks and putting things in order. In fact, if you let some of these checklist items go until after the clock strikes 12 on December 31, you could be throwing away money. Here are four tasks to put on your to-do calendar.

How Much Should You Save for Retirement?

Most financial experts stress how important it is to save for retirement. After all, you’ll likely want to stop working and enjoy your golden years at some point, but how can you do that without a nest egg waiting for you? One question you might have when putting money away every payday for that time in your life is how much you need to save. While the total can differ based on personal factors, here are some ways to figure out how much you might want to set aside.

3 Reasons Retirement Nomads Take to the High Seas

Many people consider downsizing their homes when it’s time to retire and spending their time relaxing at vacation destinations they’ve never had the chance to visit before. Instead of choosing an apartment, condo, tiny home, or retirement village, some retirees are hitting the high seas for much of the year. But why would seniors choose this lifestyle for their golden years? Here are three top reasons.