Clever Girl Finance

JANUARY 16, 2024

There are many different ways to come up with your perfect budgeting strategy. Alongside your monthly budget, you should also have a bare bones budget waiting in the wings. Table of contents What is a bare bones budget? Who needs a bare bones budget? It’s a budget that only covers the necessities.

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Clever Girl Finance

NOVEMBER 4, 2023

Love it or hate it, if you want to be financially successful, you need to budget your money and success with budgeting means understanding budget categories. So, let’s talk about the various categories that you might need, including a budget categories list! How many categories should I have for a budget?

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Clever Girl Finance

FEBRUARY 10, 2023

Like many, you might shudder at the word budget. But the 50-30-20 budget and the 50-30-20 budget template prove it doesn't have to be difficult. A budget plans out exactly how you'll use your money and this can be tailored to suit your specific lifestyle and situation. What is a 50-30-20 budget?

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Carson Wealth

JUNE 27, 2024

There are currently about 722,000 centenarians in the world, and it’s predicted that by 2050 that number will rise to 4 million. 1 With ever-increasing life expectancies, it’s no wonder 63% of American adults say they’re more afraid of running out of money in retirement than they are of death. What Is Longevity Risk?

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Nerd's Eye View

DECEMBER 23, 2022

”, a series of measures that will have significant impacts on the world of retirement planning. Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”,

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Nationwide Financial

AUGUST 24, 2022

Key Takeaways: Preparing for retirement is important. Knowing their monthly expenses, social security plans, long term tax implications, and more can be important steps in helping clients prepare for retirement. Like a lot of people my age, I find myself thinking more and more often about retirement these days. We all know that.

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Random Roger's Retirement Planning

APRIL 2, 2024

Northwestern Mutual published a report about the state of retirement and of course all the numbers are grim. million to retire, up about 50% from 2020, while the average retirement account balance is $88,000. million, do you think that number is close to what you need? You can read about at Yahoo and Bloomberg.

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Clever Girl Finance

JULY 16, 2023

Budgeting as a couple is critical in managing your household finances. Your budget not only allows you to plan and track where the money will be spent, but it enables you to direct the course of your finances together. Table of contents 5 Steps to get started budgeting as a couple Expert tip What is the best way to budget as a couple?

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Integrity Financial Planning

JUNE 5, 2023

A recent study by Investopedia found that Generation X’s biggest worry is retirement. The survey found that although many members of Gen X feel like they understand their finances, they are still concerned about setting themselves up to transition into retirement. 1] These numbers are very significant. So what can you do?

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Clever Girl Finance

OCTOBER 9, 2023

Whether you’re working for yourself or have an irregular job schedule, budgeting on an irregular income can be tough. But creating a budget for this type of income is easy to learn! Table of contents Budgeting when you have an irregular income 1. Create your baseline budget 2. Can you budget with an irregular income?

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Clever Girl Finance

DECEMBER 16, 2023

If you don’t feel like you truly have a strong handle on your finances, one possible cause for that is using a budgeting method that doesn’t work. While not everyone needs a to-the-penny balanced budget, some type of budgeting strategy or template is really important if you want to know where your money is going month after month.

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Good Financial Cents

MARCH 17, 2023

This information is critical if you want to create a budget and manage your money correctly. I’ll also share some budgeting and side hustle tips so you can get the most out of the money you earn. Multiply 40 hours by 52 weeks to get the number of hours worked in a year: 40 x 52=2,080 hours 3. Sample Calculation 1.

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The Chicago Financial Planner

FEBRUARY 6, 2022

In spite of what was said on PBS Frontline The Retirement Gamble and elsewhere in the press, in my opinion 401(k) plans are one of the best retirement savings vehicles available. Here are 4 steps to make sure that your 401(k) plan is working hard for your retirement. There are a number of retirement plan options to consider.

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Clever Girl Finance

JULY 13, 2024

The 60/30/10 budget turns the traditional rules of budgeting upside down. Instead of focusing on discretionary spending, this budgeting rule emphasizes sprinting toward our financial goals. And although the 60/30/10 rule budget won’t work for everyone, many could use it to take their finances to the next level.

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Carson Wealth

AUGUST 4, 2022

When putting away for retirement, we often dream about all the things we’ll be able to do with that money – traveling, going out to eat, maybe trying new hobbies. . Of course, there are always the everyday household expenses to account for in your post-retirement budget. 1 It’s a number that just keeps rising, too.

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Good Financial Cents

JANUARY 26, 2023

Early retirement has become a popular financial goal. Even if you never retire early, just knowing that you can is liberating! Can You Really Retire at 50? Can You Really Retire at 50? Table of Contents Can You Really Retire at 50? FAQs on Retiring Early at 50 It’s a big bold claim – retire at 50?

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Integrity Financial Planning

MARCH 5, 2023

Are you unsure of how much money you will need in retirement? This is a very common concern for Americans as they approach retirement age. One of the easiest ways to judge how much money you will need in retirement is to take stock of how much money you need right now. [1] 3] How Many Years of Retirement Should I Have Saved For?

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Clever Girl Finance

SEPTEMBER 11, 2023

Like many, you might shudder at the word budget, or perhaps it sounds too boring or challenging to figure out. But the 50-30-20 rule and the 50 30 20 budget template prove it doesn’t have to be difficult. If you’re looking to simplify your budgeting process or are new to budgeting, then this might be the perfect match!

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Clever Girl Finance

DECEMBER 13, 2023

Budgeting isn’t just about making sure you have enough to pay the bills each month. What number of sinking funds should I have at one time? These can help you build out your budget and live debt-free. According to PR Newswire, 80% of Americans have a budget. Divide that amount by the number of months until the event.

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Clever Girl Finance

SEPTEMBER 7, 2023

In personal finance, where income, expenses, dreams, and aspirations converge, the budget emerges as a crucial tool. It’s not just a set of numbers, rather, it’s a strategic plan that empowers you to navigate the complexities of financial decisions. Table of contents What is a family budget? What is a family budget?

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Random Roger's Retirement Planning

AUGUST 2, 2023

More Generation X retirement doom today from both Bloomberg and Yahoo. Grim numbers aplenty with average 401k balances in the very low six figures and median numbers much lower than that. million for retirement which is up from $1.7 To the idea of a goal for retirement savings, I've never had one.

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Carson Wealth

MARCH 2, 2023

Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client). But even if you feel confident today, would it be reasonable to retire early? How Early Is Early?

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Nerd's Eye View

OCTOBER 24, 2023

We also talk about why Sarah-Catherine has segmented her planning fees by charging an initial upfront fee for the first year financial plan, decreasing to a lower year-over-year fee for ongoing client service, coupled with a consistent additional end-of-year annual review fee, how the unique challenges of Sarah-Catherine's niche clientele caused her (..)

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Clever Girl Finance

FEBRUARY 2, 2024

Starting early with investing for retirement is so important to secure your future self. This means that saving for retirement should be a component of your overall financial portfolio and wealth-building strategy. So, let’s discuss how to save for retirement in your 20s! How do I start putting money away for retirement?

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Carson Wealth

SEPTEMBER 5, 2024

However, choosing the right Medicare plan is crucial to ensure that you have the coverage you need as you move into retirement. Whether you’re enrolling for the first time or considering a change, these tips will help you choose a plan that fits your healthcare needs and budget. Talk to us today!

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Your Richest Life

JUNE 3, 2024

Some people start to feel like they’re behind on their goals anyway, so what’s the point of looking at the numbers to face the reality? One of the simplest ways to cut down on your tax liability is to save for retirement. Note: You can enroll or change what you’re contributing to your retirement accounts throughout the year.

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Carson Wealth

DECEMBER 27, 2022

Act has passed, making it the largest retirement legislation since the original Secure Act hit in the late 2019. As 55% of Americans say they don’t have enough saved for retirement, this bipartisan legislation primarily seeks to make it easier to contribute to retirement plans and use those funds appropriately for their needs in retirement.

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Clever Girl Finance

SEPTEMBER 28, 2022

There are many different ways to come up with your perfect budgeting strategy. Alongside your monthly budget, you should also have a bare bones budget waiting in the wings. What is a bare bones budget? It's a budget that only covers the necessities. That's why this is not a sustainable long-term budget.

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Clever Girl Finance

JANUARY 29, 2023

This is very important for retirement, and knowing what your target net worth by age should be will help you better understand how to reach your personal financial goals. Staying away from debt is also encouraged so you can keep your net worth number positive. The information here is just to guide you, not to set any rules. Rowe Price.

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Random Roger's Retirement Planning

JULY 20, 2023

Marketwatch posted an advice type of column where a reader asked about his retirement readiness as he just got laid off and now would like to be done with working. They have a combined $350,000 in qualified retirement accounts and $200,000 in taxable accounts. I maintain our budget on a spreadsheet. That seems unlikely.

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Carson Wealth

APRIL 4, 2024

Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estate planning documents (wills, trusts, etc.) Go over their monthly budget and find out if there are any areas they might need to cut back on.

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Clever Girl Finance

DECEMBER 13, 2023

Saving money is an important task at any age, but as you hit your 40s, the need to save for retirement grows. While savers in their 40s and 50s typically have a decade or two left to save for retirement given the traditional age of 65, emphasizing saving now can set you up for a dream-worthy retirement.

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Clever Girl Finance

OCTOBER 14, 2022

So you need to be brutally honest with yourself about any outstanding debt , student loans, or high expenses that are hurting your budget. In order to combat this, take some time to make a budget. You also want to find a budgeting method that works for you because it will help you manage your money better. Are you overspending?

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Good Financial Cents

AUGUST 1, 2022

The best budgeting apps can help you get a better handle on your income, how you’re actually spending it, and the bills you have to pay. They do this by using technology to help you budget according to your goals, and by automatically keeping track of where your money goes each month. Our Picks for the Best Budgeting Apps.

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WiserAdvisor

SEPTEMBER 1, 2022

If you wish to have a firm grip on your finances and want to learn about different strategies related to investing, tax-saving, or retirement planning, consult with a professional financial advisor who can advise you on the same. You need help creating a budget. Budgeting is one of the most important aspects of financial planning.

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Clever Girl Finance

AUGUST 22, 2022

There are a number of reasons why it’s a good idea to accumulate wealth. Having wealth allows you to build up your retirement and have the opportunity to purchase more assets. Create a budget. Try using something like the 50/30/20 budget. Create a budget that works for you. Are there expenses you can cut out?

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Clever Girl Finance

JANUARY 22, 2023

Knowing where you stand can make sure you are on target for your retirement goals, as well. In this article, we take a closer look at the numbers and average savings by age. If you aren’t saving anything for your future, that’s likely a sign that you need to rework your budget or pursue income-boosting opportunities.

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