No matter how much money you have, you probably have some degree of financial anxiety. That’s OK. In fact, it’s healthy to a degree. But if you are worried about running out of money you can cool down right now. Here are 5 rules which, if followed, can help you scratch finances off your “worried […]
Retirement Planning
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.
What Is A Bucket Strategy For Retirement Income?
Financial security is all about income. You can have millions in assets. But if you don’t have an income system that works, how are you going to pay your bills? Some retirees try to solve this problem by using a bucket strategy. Let’s take a look at what that is and if it really works […]
How to Open an IRA and Avoid the Pitfalls
You can wait to open your IRA until April 15th next year if you want. By why wait? It’s a pretty easy process but you do need to be careful. There are a few potholes you don’t want to step into. Those obstacles can cost you time and money. Who needs that? Let’s go through […]
What To Do When You Surpass Your Financial Goals
Sometimes things really work out. When that happens, people can find themselves way ahead of schedule on their financial plan. If this happens to you does it mean you should kick back and coast? Should you increase your spending or cut back on saving? Or should you continue spending, saving and investing as if nothing […]
How Much Income Will You Need When You Retire?
Earlier we found a way to zero in on what it’s going to cost you to live after you retire. Now let’s figure out what your inflow is going to be once you cross the finish line at work. Retirement income has three components; pensions and social security, passive investment income and active employment. Your […]
What To Do With Your IRA and 401k Before New Years Eve
Even though 2014 is just about over you still have plenty of time to execute smart IRA and 401k tactics before year-end. If you do so, you could save a lot of cabbage this year and make your retirement much more secure at the same time. No time to waste. Let’s get to it. Match […]