If you are already retired or are approaching retirement, then it’s likely that your purse has started feeling the effects of a reduced source of income. But look at it this way: you’re not in it alone. As a matter of fact, a third of people over the age of 65 years are getting by living on less than the minimum wage, with one in twenty of them unable to buy birthday or Christmas present for beloved ones. In such cases, there are bad credit payday loans. As if saying goodbye to a solid supply of monthly wages is not enough, thanks to pension reforms, low-interest rates on savings and mortgage plans that are interest-only are coming to an end. It has become clear that it will be difficult for…

It’s no shock that the cost of living isn’t exactly cheap. That shock doesn’t end when retirement rolls around. Are you financially prepared to support your standard of living once you quit working? Even though most people understand the importance of saving for retirement sooner rather than later, studies still show many baby boomers are way behind on their retirement savings. In fact, the Blackstone Group found that 79% of middle-income baby boomers have nothing at all saved for the cost of healthcare in retirement. This is by far the biggest mistake you could be making when you’re saving for retirement. If you think that healthcare costs are expensive now, they hit even harder when you are on a fixed income. The Cost of Original Medicare Many people believe when…

When executives attend conferences and symposiums to improve their leadership skills, they often hear “Nurture your curiosity. Stay hungry for knowledge. Be a lifelong learner. “ What does lifelong learning actually mean? It means don’t get stale. Don’t stop adding to your knowledge base. Find and develop new interests. When we’re children, we’re mandated to attend school until we’re 16, 17, or 18 – depending on our particular state’s law. American society fully embraces going on to college or to vocational training. Some companies pay for their employees’ continuing education. After that – you’re on your own. Some people turn to the online options – podcasts, webinars, and MOOCS, which are massive online open courses. They don’t mind being plugged in for a few more hours a day. But if…