finance Archives - My Senior Portal

Retire Without the Worry: 5 Retirement Ideas to Invest in Now

Although we may view the elderly population as financially responsible, 76% of retirees suffer from some form of debt. Retirement planning ensures financial independence once you reach retirement age. Finding financially savvy tips for retirement will let you prepare for your future. Keep reading to learn five full-proof retirement ideas. 1. Prioritize Paying Down Debt You should make it a goal to stay 65% debt-free. Before you approach retirement age you should try to pay off lingering credit card debt, mortgage loans, and student loans. By incrementally paying these off you can better secure your financial future. 2. Set Aside an…

Retirement Planning Guide: 7 Things to Finalize Before the Big Day

According to research, one of the most significant concerns for about 70% of Americans involves not having enough money to last through retirement. This is a serious and valid concern because, at that point, they would not be able to get back into employment. Now, the fact that you worked long and hard for your retirement is an achievement. You beat the odds, stuck to your savings plan, and now you’re ready to enjoy the retirement you very well deserve. Still, there are several more things you may want to do before the final day. In this retirement planning guide,…

Can Seniors Make a Living from Day Trading?

Day trading is buying and selling financial assets such as currencies, stocks or commodities, which occurs in one day. It has long been a part-time employment option for students and people looking for extra work, but what about those that have retired? In theory, a retired person with more time on their hands might be well placed to try day trading. But is that really the case? This article will look at the pros and cons of day trading and whether this activity is suitable for retirees. Not all retirees have a decent nest egg that will see them through…

How to Finally Pay Off Your Debts

If you are in debt problems then you are not alone, throughout the country there are quite literally millions of people who are struggling with debt which they cannot manage and that they feel that they cannot get out of. This is not true and no matter how bad your debt problems are, there is always a solution to get you out of debt, and back in the black. The eventual consequences of not being able to get out of debt could be the failure of your business, the involvement of a bankruptcy attorney, personal stress and even the possibility…

Tips to Help You Understand How You Can Benefit from the Equity in Your Home

We all know what it’s like to have financial difficulties. It always seems to happen all at a time. You suddenly get a huge unexpected bill, on top of a redundancy, on top of a broken appliance, on top of five different birthdays and your anniversary to boot. And you were planning to go on vacation! If this is the situation you find yourself in, remember that you still have your home, your greatest asset of all. And if you have a home, then home equity loans for Florida residents may be available to you. What Is a Home Equity…

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