Wordwide magazine
The rat race, as we know it, represents the relentless pursuit of higher social status and wealth. Often, this grind leaves little room for self-realization and enjoyment. Financial freedom, in stark contrast, is the ability to live comfortably, free from the constraints of money-related stress and anxiety. Financial freedom is independence from debt and the … Read more
Traditional retirement savings in the United States mostly revolves around the 401(k) plan. However, many American employees are re-evaluating this traditional path for various reasons as an unexpected competitor emerges. Bitcoin, the leading cryptocurrency, is increasingly seen as a superior savings technology. Recent shifts in the financial landscape highlight the rise of Bitcoin in discussions … Read more
Dear Liz: Are indexed universal life insurance products worthwhile, and how do they compare to a Roth IRA? Answer: Both offer the possibility of tax-free distributions in retirement, but universal indexed life insurance is a complex product with high expenses and is not suitable for most investors. With a Roth IRA, nearly all of your … Read more
Most Americans will need to take advantage of various sources of income to make ends meet in retirement. Social Security is the obvious choice, along with money accumulated in workplace retirement accounts, individual retirement accounts and other savings. But what about employment-related income? Once people reach retirement age, will it be easy for them to … Read more
Backyard Production/Getty Images/iStockphoto Social Security is one of the hottest topics this election season, and there are some big proposed changes coming. is reading: Suze Orman, Warren Buffett, and other financial experts trust how to better prepare yourself for retirementLearn more: 3 ways to prove your retirement from the recession The White House released a … Read more
For more than eight decades, the Social Security program has taken retired workers under its proverbial wing and provided some degree of financial footing. For up to 90% of current retirees, it’s a source of income they simply can’t do without. However, the amount a retired worker can expect from Social Security can vary widely. … Read more
Jaspreet Singh / Jaspreet Singh Jaspreet Singh, known as the “Minority Mindset” Youtube, a lawyer and businessman with the goal of spreading financial education. The Minority Mindset brand has grown into a number of businesses including Market Briefs, a free financial newsletter, and Market Insiders, an investment education app. His brand has helped countless people … Read more
Americans have a dim view of their retirement. Gallup vote Through this week, I found that workers’ expectations for a comfortable retirement are the most pessimistic in more than a decade. Almost 6 in 10 (57%) of people who have not yet retired expect a disability. This is up significantly from 52% who were pessimistic … Read more
New York CNN – White House and House GOP negotiators are scrambling to finalize a deal to raise the nation’s debt limit. Treasury Secretary Janet Yellen warned on Friday that the department would not have enough funds to pay all of the state’s liabilities in full and on time if no deal is reached. by … Read more
More Americans are raiding their retirement accounts as the cost of living rises, and experts predict that the number of workers relying on their 401(k) to pay for financial emergencies It may increase due to a combination of factors, such as new provisions making withdrawals easier and high inflation straining family budgets. “It’s more expensive … Read more
