Not everyone can achieve retirement without debt. But if you really want to do it, you can. In fact, if you follow the following 5 steps, you can make sure of it. But please understand that being debt-free isn’t always the most financially savvy step to take. I say that it’s not always the best […]
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.
3 Portfolio Income Enhancers You Don’t Know About
There are ways to significantly increase your portfolio income. In a world of near 0% interest on CDs, that’s good news. Here are my top 3 tips on how to do it: 1. Callable CDs If you have no appetite for risk, you’re probably a CD buyer. But if you are a CD buyer, you’re […]
What is an RMD?
If you own an IRA and you’re approaching age 70 ½, you’ll be forced one day soon to take an RMD. What is an RMD? It’s a Required Mandatory Distribution, and it’s one of the most important IRA rules there are. In other words, the government will force you to start taking money out of […]
What Determines Social Security Benefits Eligibility
People often skip over planning for Social Security benefits eligibility while they are working. That’s because we’re all busy investing for retirement and it’s easy to forget one of the most important elements of retirement planning. Social Security has for decades been one of the primary sources of retirement income for tens of millions of […]
Investment Solutions for Retirees
If you are a retiree, you need different investment solutions compared to people who are still working. My experience tells me that this is so for two reasons. First, a retiree usually can’t add to her retirement nest egg. Once she stops working, that’s all she’s going to ever have. As a result, she is […]
High 401k Fees – What You Can Do About It
If you participate in a 401k you should be aware of 401k fees. Many people think that there are no fees associated with a 401k and that’s a very costly mistake. I say that because, in most cases 401k plans are extremely expensive. But that isn’t even the biggest problem. The biggest problem is that […]