If you are in your 50s you may feel as though you don’t have much time to accumulate wealth. In reality you probably have a lot more time than you think. That means you can have far greater financial security if you play your cards right. What does “playing your cards right” mean? For starters, […]
This category is the heart and soul of Wealth Pilgrim. Here you’ll find a host of information created to help you reach your retirement goals and enjoy the journey. These are nuts-and-bolts articles to help you understand where you are now, identify where you want to be and when you want to get there, and design a roadmap to help you do so.
You’ve got bills to pay every month and you have to bring home the bacon if you want to stay current on your obligations. Got it. And because you have to pay your bills no matter what, you want guaranteed, safe income. It makes sense. But does that mean you should only buy investments that […]
Is Social Security an important part of your retirement planning? If so, you need to understand the huge changes that are coming your way. What’s Going On? Congress recently passed The Bipartisan Budget Bill of 2015. The name sounds benign at first. But in reality this law takes a hatchet to Social Security retirement benefits […]
If you are like most people I know, there is one question uppermost in your mind when you think about your retirement; will I have enough money to last? Of course you have some control over some of the forces that shape the answer (how much you spend, earn, save and how you invest). But […]
One of the easiest ways to almost guarantee your financial success is to put away your savings target each month before you spend a dime. This is known as paying yourself first. I used to think that people had to jump through complex hoops in order to “make it” financially. But now I know that […]
If you are like most people I know, you probably aren’t too pleased with the fund choices you have available in your retirement plan at work and for good reason. 401ks are notorious for offering lousy funds with high expenses. Well, a recent U.S. Supreme Court decision may remedy that problem once and for all. […]