Let me get right to it. You should never worry about retirement. Never. Life is too short to waste time worrying. This is not to say you shouldn’t think about your financial future. Quite the contrary. No matter how young you are, it’s always good to plan ahead. But you shouldn’t worry about it. Redefinition […]
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.
Another Reason to Delay Social Security Benefits – Maybe
There are many benefits to delaying Social Security benefits but there are also some serious drawbacks. If you push back on the start date your eventual benefit will be larger. And since it is larger, your cost-of-living increases will be calculated from a larger base and hence the annual increases will be larger too. And […]
5 Ways to Live Like People Who Are Millionaires
You have a lot more in common with people who are millionaires than you think. It’s true that sometimes the rich have pricier homes, cars and vacations. But when it comes down to the really important things – like health, family, general level of happiness and sense of well-being, being mega-wealthy just doesn’t matter. I […]
Five Situations When You Should Not Contribute To A 401k
Normally it’s brilliant to take advantage of and make contributions to your 401k. When you do, you get an immediate tax break (unless it’s a Roth 401k) and you build up a nice retirement nest egg for yourself to boot. Not bad. But there are 3 situations where making contributions to a 401k is a […]
How To Start Saving Money
Most rich people I know got wealthy starting from scratch. If you think about that, it’s inspiring. It means that anyone can drastically improve their finances – including you. I don’t care how much money you make, it’s how much you save and invest that matters. But many people I know simply don’t save as much as […]
Review: The Best Health Insurance Plans after Retirement
We originally covered this topic in 2011, but with the rollout of the Affordable Care Act (ACA), better known as Obamacare, it’s prime time for an update. The effect of the act on health insurance plans in retirement is actually minimal, but it’s will worth considering any changes that have taken place. If you currently […]