Whatever your financial situation, it is important to always be prepared for the unexpected. An emergency fund is an absolute necessity for even the most fiscally responsible, as unforeseen costs such as the loss of a job or an emergency medical bill can easily result in a financial crisis without proper planning.
For divorcees nearing retirement, time is of the essence to thoroughly analyze financial readiness. To that end, Social Security is often not given its due attention. It not only ensures a consistent income stream, but it is also somewhat customizable to individual circumstances.
It's the most wonderful time of the year ... for year-end tax planning. And while getting your finances in order may not seem fun and festive, smart tax planning can bring major sparkle to your holiday season.
The holiday season can be a hectic time, a time when details easily fall through the cracks. But when one of these details isforgetting to take your required IRA distribution, the associated penalty is one you are sure to remember.
If you are starting the new year with retirement on your mind, there are a few things you need to consider before handing in your two-weeks notice.