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.
Living paycheck to paycheck without adequate savings can lead people to reach for credit cards in times of emergency, resulting in treading water financially with no end in sight. Fortunately, there are ways you can arrange your money to prepare yourself for emergencies and even retirement.
We take a look at savings and costs over time to help estimate a retirement goal.
Why hiring a financial advisor may make sense.
How to build up a savings buffer.
Is your retirement plan up to snuff?
We show you how to calculate your net worth.