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OnTrajectory, the ‘Google Maps’ of Financial Planning Answers the Question; Can I Retire Early?

Posted by on 7:45 pm in Guest Post, Retirement, Sponsored | 0 comments

OnTrajectory, the ‘Google Maps’ of Financial Planning Answers the Question; Can I Retire Early?

Can I Retire Early? Get the Answer Big and even small regular expenses can sabotage a comfy retirement. Are you curious about how decisions about car purchases and lattes, might affect plans for retirement? Maybe you’ve never thought about the relationship between your new car and your retirement date. Can I Retire Early? OnTrajectory Shows If You’re On Track for Retirement What is OnTrajectory and How Can it Help Me? OnTrajectory.com is a “fin-tech” startup helping you map your current and future financial journey. This platform gives you vivid illustrations of your income, expenses, and investments. After inputting some basic information, you gain an immediate sense of the path you’re on – whether it’s toward financial freedom, or financial disaster. (OnTrajectory is currently best suited for desktop and viewing on tablets, phone version will be available in the future.) OnTrajectory’s Tool Is Easy to Use Sign-up is quick and...

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6 Steps to Avoid Outliving Your Money in Retirement

Posted by on 8:19 pm in Debt, Guest Post, Retirement | 0 comments

6 Steps to Avoid Outliving Your Money in Retirement

Guest Contributor, Kostas Chiotis Don’t Outlive Your Retirement Money! Planning for retirement is one of the most important things you can do financially. It’s also one of those things that people tend to put off until retirement is right around the corner. But if you don’t have a solid plan in place, you risk outliving the money you set aside for retirement. Although, if you start today, it’s possible to avoid outliving your money. Make it a priority and your future self will thank you. So whether you are already retired, nearing retirement, or still have decades to go, this article will give you some meaningful strategies for making sure that you won’t go broke in your golden years. Avoid outliving your money in retirement with these 6 steps.  1. Start Planning for Retirement Today Whether you are age 18 or 58, it’s time to start planning for retirement. The younger...

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Should I Take a Tax Extension or Rush to File My Tax Forms?

Posted by on 3:01 pm in Taxes | 4 comments

Should I Take a Tax Extension or Rush to File My Tax Forms?

Should You Take a Tax Extension or Not? I’ve taken a tax extension for our personal taxes and business taxes for several years. I’m not normally a procrastinator. Actually, I usually beat my work deadlines. So what’s up with the tax extension? Should I take a tax extension? Here’s my situation, each year we have at least 4-5 returns to oversee. Some I do on my own, others I pass on to our accountant. But even if you hire an accountant, it’s almost as difficult as completing the taxes on your own with a tax preparation program, if you have a complex financial situation. You still need to compile all the records, organize them into a legible format and then review the completed returns with a fine tooth comb when they’re complete. So here were my thoughts when I wondered, ‘Should I take a tax extension?’ I felt like I was...

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How Long Until I’m Wealthy?

Posted by on 5:00 pm in Asset Allocation, Automatic Saving, Bond, Investing, Stocks, Wealth | 20 comments

How Long Until I’m Wealthy?

“Cash confiscates capital. Long term, after taxes and inflation, the return on cash is negative.” Catherine Keating Since my mid-20’s, I made financial net worth goals for our family. I’d calculate our current net worth, add additional savings, and punch in an expected rate of return over the period, usually five to ten years. Occasionally, I go back and review prior goals. No matter what the market, over the long term we have met or surpassed the objectives. Set financial goals, make a few minor lifestyle changes and you may be surprised that you can become wealthy without a major upheaval in your lifestyle.  Click here if you want to solve your investing problems.  Learn how long it takes to meet or surpass your financial goals. When you have an idea of how long it takes until you’re wealthy at certain savings levels, you’ll feel better.  Here’s how certain wealth...

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Pros and Cons of REIT Investments-How to Build Real Estate Wealth

Posted by on 1:56 pm in Advanced Investing, Asset Allocation, Mutual Funds, Real Estate | 16 comments

Pros and Cons of REIT Investments-How to Build Real Estate Wealth

REIT Pros & Cons  Learn how to invest in real estate funds without much cash. Discover whether adding real estate to your investments is right for you in this 2nd part of the Real Estate Investing Series.  Part 1 of this Real Estate Investing Series-“Being a Landlord Sucks-Why You Shouldn’t Invest in Real Estate” – detailed 26 Steps to Buying and Managing Rental Real Estate. Part 2, “Pros and Cons of REIT Investments – How to Build Real Estate Wealth” – is for those of you who want exposure to real estate investing but don’t have tens of thousands of investment capital to invest. Or, you may have the capital but not the time or energy to devote to this “not passive” investment opportunity. A Brief Lesson in Diversification – Investing in Real Estate Matters Long before Modern Portfolio Theory proved the benefit of diversification, “Don’t put all your eggs...

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What Percent of My Income Should I Save?

Posted by on 4:00 pm in Automatic Saving, Guest Post, Saving, Sponsored | 6 comments

What Percent of My Income Should I Save?

Get a Clear Answer to the Question: What Percent of My Income Should I Save? Are you tired of living paycheck to paycheck? Are you constantly stressed over your finances? If so, you are not alone. Millions of people struggle with financial issues throughout the year. Even more alarming is the fact that many folks lack any or enough savings to handle even a basic financial emergency. If this sound familiar – don’t panic. It is never too late to start saving for you and your family’s future. Understand that saving is a fundamental step in the wealth building process. Simply put, no saving, no financial security. So make the commitment today and learn how to turn your financial wishes and dreams into a reality. Once you’ve decided to start saving money, the next question is what percent of your income should you save? This is one of the...

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How to Earn Money Online – 5 Jobs For Seniors and Retirees

Posted by on 12:05 pm in Make Money, Retirement, Sponsored | 2 comments

How to Earn Money Online – 5 Jobs For Seniors and Retirees

*Please read affiliate disclosure below. More and more seniors are working in retirement. Either by choice or necessity, the idea of retiring to a life of complete leisure is becoming a distant memory. As a solopreneur, working with my laptop – wherever – I appreciate the desire to learn how to make money online. With basic computer skills, the opportunity to earn from home is easier than you might think. Even if you must work in retirement, to pay the bills, there’s a silver lining for seniors and retirees building their online businesses. The National Insitute of Health claims that you’ll benefit both physically and mentally from keeping mentally and physically active in your later years. Anyone can earn a few bucks surfing the net filling out surveys and watching videos with Swagbucks. You earn SB dollars that can be redeemed for cash or gift cards. (There’s even a sign-up bonus.)...

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Why is Asset Allocation Important? The Most Crucial Investment Concept

Posted by on 12:35 pm in Asset Allocation, Bond, Investing, Mutual Funds, Stocks | 15 comments

Why is Asset Allocation Important? The Most Crucial Investment Concept

MBA Series – What Makes Asset Allocation So Important? “Don’t put all of your eggs in one basket.” The beginning of the year is portfolio rebalancing time for investors. I write a lot about investing as it is an achievable path to long-term wealth. If you don’t know what asset allocation is or much about investing at all, then this article is for you. Modern Portfolio Theory is the science that drives most of the writing about investing today. As I put the finishing touches on the university Investments class I’m teaching, I’m going to share some of the basics with you. Asset Allocation means selecting specific asset classes and choosing the percentage amount invested in each asset class.  Sample asset classes are: U.S. Stocks U.S. Bonds International Stocks International Bonds Real Estate or REITs Government Bonds Small Cap Stocks Large Cap Stocks Government Bonds and more Diversification – Tried...

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The Pros of Being a Landlord – It’s Awesome – Why You Should Invest in Real Estate

Posted by on 12:03 pm in Guest Post, Real Estate, Retirement | 0 comments

The Pros of Being a Landlord – It’s Awesome – Why You Should Invest in Real Estate

This post is written by John from ESI Money. The Pros of Being a Landlord A while ago Barbara wrote a post titled Being a Landlord Sucks — Why You Shouldn’t Invest in Real Estate. It was an interesting title that showed up in my feed reader. Since I’m a big fan of real estate investing, I clicked through, read the piece, and left this comment: Hahahahaha! I hear you, real estate is not for everyone. On the plus side, RE was the main reason I retired at 52. It’s managed by a company for me, so I have very few hassles with it (I actually live over 1,000 miles away from my properties.) Barbara saw the comment and sent me a note asking if I’d expand on my thoughts and write about the pros of being a landlord. I said I’d love to and will tell you why...

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Short and Easy Small Business Tax Preparation Checklist

Posted by on 8:50 am in Personal Finance, Taxes, Tips | 0 comments

Short and Easy Small Business Tax Preparation Checklist

At age 16, I started my own business. I went door-to-door selling Avon products. I loved those little samples the company provided to me to give out to potential customers. Over the years, I’ve sold handmade hippie shirts, worked as a Career Counselor, sold real estate and now run my own financial media company. Aside from the financial rewards, the tax benefits are fantastic. If you have a side hustle, you need this small business tax preparation checklist.  I came from a family of entrepreneurs, my Mom, Dad, Grandmother, Aunts and Uncles on both sides were all entrepreneurs. A pillar lesson from my Dad was to be mindful of the tax law and to maximize legal tax deductions.  Read my personal story >>>> Early on, I learned the benefits of Schedule C and legal small business tax-write offs. Simply, if you have a business-related expense, you can subtract that...

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