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Should You Pay Off Your Mortgage Before Retirement?

Darrow Wealth Management

Is retiring with a mortgage a good idea? Retiring with a mortgage doesn’t typically pose a financial risk, and at times it’s the best financial decision. But paying off a mortgage before retirement has upsides also. Here’s when it may – and may not – make sense to pay off a mortgage before retiring.

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How Much To Save For Retirement By Age

WiserAdvisor

Navigating the journey to retirement can often feel like a complex puzzle, especially when it comes to figuring out how much you need to save. The answer to “how much you need to retire” is shaped by various factors, including the kind of retirement life you dream of, your age, and the expenses you anticipate during your retirement years.

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How to Prepare for Lower Interest Rates

MainStreet Financial Planning

In this article, we’ll explore three key areas: savings, debt management, and investment strategies, and provide actionable advice to help you stay ahead of the curve. Debt Management While lower interest rates are good news for borrowers, high-interest debt will still weigh heavily on your finances.

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What Is Budget Counseling And How Does It Work?

Clever Girl Finance

Articles related to counseling and budgeting Consider budget counseling to get your finances in order! However, in some cases, you may need to sign up for a Debt Management Program (DMP), which will usually have a cost. You can get basic budget counseling at their various agencies as well as debt management plans.

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Late Start on Retirement Savings? How to Try and Catch Up in Your 50s

WiserAdvisor

As you enter your 50s, the urgency of retirement savings becomes palpable. For those who find themselves behind on their retirement savings, the path ahead may seem daunting. However, despite the challenges, there are strategies to catch up on your retirement savings.

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Ten Steps To Creating A Solid Financial Plan For Yourself

Clever Girl Finance

Knowing how to make a financial plan will allow you to save money, afford the things you really want, and achieve long-term goals like saving for college and retirement. In this article, I’ll take you through everything you need to know in order to plan for your financial future. A debt pay-off and spending plan (using your budget).

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Retirement Planning Tips: How Much an Average Person 65 and Older Spends Every Month

WiserAdvisor

Preparing for retirement is a significant life transition that demands a clear understanding of your financial situation. This data can serve as a baseline for tailoring your retirement plan, taking into account factors such as inflation, your current age, and your desired retirement age.