It’s that time again for another installment of Amanda’s Feed!
As always, there’s a plethora of information floating around the internet about how a carefully thought out retirement savings strategy can benefit the Future You. Whether your definition of retirement is escaping to a beach in Europe, or starting a new business, there are important steps you can take to get there.
I have compiled some news and technology to serve as a useful guide in helping you achieve the retirement of your dreams, regardless of whether that is four or 40 years away! Feel free to share your thoughts and any other articles of interest by tweeting me @ubiquitysavings.
Have you always pictured yourself retiring to some faraway land with plenty of sunshine to bathe in, sites to see and delicious food to eat? Well, according to this article on Bankrate, it may be easier than you think! The cost of living in some European countries may be well within your budget, thanks to the narrowing gap between the euro and the American dollar. Just make sure to factor in hidden costs— taxes, real estate, health insurance and bureaucratic red tape — before packing your bags and jetting across the pond!
In today’s financial landscape, relying on a pension or Social Security to support your retirement just won’t cut it anymore. As people are living longer, they are struggling to make their nest eggs last.
But don’t start panicking yet! This article from CNBC.com tells the story of a couple who were shocked to find they were not prepared for retirement. Fortunately, by changing their timeline, trimming expenses and going back to work part-time, they were able to retire the way they always envisioned.
For most people, young adulthood is no walk in the park, financially speaking. When you’re in your 30s and trying to balance daily living expenses—which may include the cost of raising a family—with saving for your future, things get even more complicated. You may have already increased your emergency savings and started paying off debt, but have you started an investment portfolio, increased the amount you contribute toward your retirement savings, wrote a will or set up life insurance? If not, check out this Washington Post article that outlines clear goals to work toward during this exciting, and sometimes nerve-wracking, time in your life!
Over 800,000 people have used this online and mobile platform to track various personal assets in one place. Joining is free and gives you unlimited access to convenient financial tools, such as a retirement planner that compiles your retirement savings for an easy way to track and predict your progress relative to your goals. Even if you are uncomfortable taking a hands-on approach to financial planning, these tools can enable you to turn fear into power and reach the retirement of your dreams!