Are you getting the best rate of return on investment? Kiplinger's Personal Finance Magazine annually discusses ways to boost your investment yield in its latest issue. I have to say that I am always pretty disappointed with their recommendations. I love the magazine, but I didn't really care for a list of mutual funds and Exchange Traded Funds (ETFs). But, I wanted concrete ideas on how to earn a 10% annual rate of return on my investments. US Treasuries are earning less than 1% and money market funds are not fairing much better. … [Read more...] about Ten Ways to Earn a 10% Rate of Return on Your Investments
Note - The following post is part of a series of retirement education blog posts on Money Q&A and sponsored by USAA. But, like always, all opinions are my own. There’s a lot of doom and gloom reporting these days about Baby Boomers not saving enough for retirement. The lack of savings is only expected to get worse for Millennials, who are saddled with comparatively more student loan debt and struggling with slower rates of wage growth compared to their parents and grandparents’ generations. Whether you’re trying to save … [Read more...] about Am I Saving Enough for Retirement? Here’s How to Find Out
Let's face it; you work hard for your cash. Unfortunately, it may not be working as hard as it could be for you. While most of us tell ourselves that we're doing the best we can with the cash that we have, the truth is that there are plenty of lesser-known ways to save money that could end up placing more of your pennies back into your pocket. If you've tried all of the obvious tips for saving money, like tracking your expenses with an online app and making sure that you have a list when you go food shopping, give these ideas a try … [Read more...] about 7 Lesser Known Tips for Saving Money
By some estimates, financial scams targeting seniors cost victims over $2.9 billion per year. In some instances, family members, friends or neighbors are the perpetrators of these scams – also referred to as elder financial abuse – while in other instances, it’s an anonymous cyber criminal casting a wide net to see how many seniors unwittingly take the bait and send money. Perhaps you’ve seen an elderly family member or neighbor fall victim to a financial scam before or you’re growing increasingly concerned about an older loved one’s ability … [Read more...] about How to Protect Elderly Family Members from Financial Scams
The following is a guest post by John Cortines, author of True Riches: What Jesus Really Said About Money and Your Heart. If you'd like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. We all want financial peace. It’s easy to think that financial peace comes from achieving our long-term goals, and then kicking back and fading into a pleasant sunset, sipping a margarita. Unfortunately, despite how popular this method of financial planning and thinking may be, it simply doesn’t represent how … [Read more...] about Three Metrics for Financial Peace – Do You Pass?
Millions of Americans are reaching retirement age each year, yet a majority of them feel financially unequipped to handle the potential costliness of long-term care combined with a permanent loss of earned income. Some folks barely have anything saved for retirement by the time they reach their 50s and 60s, which means they’ll likely be working well into their 70s and possibly 80s to pay the bills. If you’re concerned about running out of money during retirement, then rest assured, you’re not alone. Many older Americans – retired and … [Read more...] about How to Return to the Workforce If You’re Running Out of Money in Retirement
If you're one of the many Americans who eschew the traditional side hustle in favor of going a more entrepreneurial route, you're in the right place. Maybe you hope to build your business into a full-time income you can earn from home, or maybe you simply hope to supplement your current salary. Whatever the objective, making the most out of your side hustle simply makes sense — why waste time on projects not turning a profit? Being an entrepreneur does take a degree of trial and error. However, a host of information exists online to … [Read more...] about 10 Ways to Improve Your Side Hustle by Pitching Your Services Better