Money

Retiring Just Before the COVID Market Crash: Financial Challenges and Mitigation Strategies

For those who retired just before the COVID market crash, the impact was particularly devastating. Their retirement portfolios, which had been carefully cultivated over many years, suddenly lost a significant portion of their value. The impact was even more severe for those who had invested heavily in the stock market, as they saw their investments lose value at an unprecedented rate.

Money

Best Retirement Planning – IRA vs. 401k vs. Roth IRA

So, you are planning for retirement and wondering which option will be the best – IRA vs. 401k vs. Roth IRA? Over the past 30 years, the laws have changed considerably in favor of 401K and IRA accounts which allow people like us to benefit from pretty much automatic retirement planning now a days. If… Continue reading Best Retirement Planning – IRA vs. 401k vs. Roth IRA

Money

Why is Order of Rate of Return so Important

Recently I came across an interview of Tony Robbins. During the interview he mentioned something which caught my attention. He illustrated a hypothetical scenario of someone having his life’s savings invested in stock market through a 401K or IRA plan and as soon as person turns 65, the stock market turned red and fall into a… Continue reading Why is Order of Rate of Return so Important

Money

Early Retirement – Start Saving Regularly Before its too Late

Most of the Americans are unprepared for tomorrow. Whether it’s a medical emergency, or any unexpected expense to cover immediately. Per a survey done by Bankrate, over 34% of Americans households were hit by a major unexpected expenses last year but less than one-third of them were able to cover just unto $1000 in cost.… Continue reading Early Retirement – Start Saving Regularly Before its too Late