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7 Tips to Help You Plan for Retirement

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Retirement planning is usually the most significant financial goal people will work toward. No matter where you are in your career, considering how to plan for retirement is essential so you can spend your golden years on your terms. Determine how much income you’ll need to plan for retirement.

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Do Women Need to Save More When Planning for Retirement?

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While the gap shifts based on age, race and other factors, the harsh truth is, when planning for retirement, most women have to work harder to save the same amount as men. While we work on changing this reality for our daughters, women can also take steps now to ensure they’re ready for whatever comes their way in retirement.

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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

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By proactively managing their affairs and possibly engaging with a tax professional for guidance, freelancers and digital nomads can navigate tax season with confidence, securing financial peace of mind. To calculate their taxable income, freelancers must first tally all their revenues and then subtract their allowable business expenses.

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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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People in their 60s often face the decades in two parts: the run-up to retirement and retirement itself. Although retirement may have a date on the human resources calendar, it can—and perhaps should—involve years of transition. They’ve been in this accumulation mode of building up their assets,” she says.

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Do I Need to Buy Life Insurance?

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The premium is generally calculated based on the age, gender and health of the person purchasing the policy, among other factors. Your surviving partner may have to wait until at least age 60 to claim their Social Security benefits. To calculate how much insurance to buy, some experts recommend multiplying your salary by eight.

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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

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Calculate your monthly income, track your spending, determine your goals and priorities and develop a plan to manage your expenses. Save more for retirement. Increase contributions to retirement accounts such as your 401(k) or IRA. Connect with more people by engaging in social gatherings and professional events.

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

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In the two years since accomplishing that goal, I have gone on to start a multi-seven figure business; attracted a social media audience of more than 3 million; hosted the No. Calculate your total minimum payments to give you an idea of how much you need to pay every month to keep current.