If your employer offers a 401k plan for retirement, you have the option of taking part in it and the amount of money you put towards it each paycheck. Some people do not realize how beneficial 401k plans are, and many people do not even use the ones that are offered to them. If you are currently not using yours or not using it to the fullest, here are three reasons you may want to start maximizing your contributions to the account.…
Read More »If you are retired and are finding that you do not have enough money to do the things you want to do, you could consider taking a reverse mortgage on your home. To qualify for a reverse mortgage, you must meet certain conditions, and a lender can tell you more about these. With a reverse mortgage, a bank pays you each month, and you will only have to repay this money if you sell your house or move out of it.…
Read More »Experts in the financial planning industry will tell you that the best time to start saving money and planning for retirement is when you are in your 20s. If you are currently in this age group and are wondering how you should handle this important aspect of your finances, you may want to meet with a financial planner at a firm like Domestique Capital LLC. The planner you meet with can offer tips and strategies for you, and here are some tips he or she may offer.…
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