On September 24, 2021, China’s central bank issued a statement explaining that all virtual currency-related business activities were illegal from that moment on in the country, effectively placing a nationwide ban on cryptocurrency transactions. The announcement came amid a largescale crackdown on the trillion-dollar cryptocurrency industry by the Chinese government. According to the statement, which was published […]
As you enter the last year before your retirement, it’s tempting to assume that all the retirement planning work you need to do is already done. After all, you’ve hopefully been able to spend decades preparing for this moment, so what could possibly be left to take care of? The truth, however, is that the year […]
Most of the general information you’ll find on retirement planning treats retirement as if it were a single, unchanging phase that begins when you stop working and lasts for the rest of your life. However, if you take a closer look, you’ll find that retirement consists of several distinct stages, each of which involves different expenses and […]
In the world of cryptocurrencies, it can be difficult to separate fact from fiction. As Bitcoin and other digital currencies have grown exponentially over the past decade, so too have the myths about Bitcoin and the cryptocurrency industry in general. This is a frustrating situation for prospective investors trying to do their homework thoroughly, as all these […]
Planning for retirement is an important financial consideration that should be initiated as soon as possible. (However, it’s never too late to start the process.) A general rule of thumb recommended by some wealth management professionals is to save enough in your lifetime so that you can live off 80 percent of your pre-retirement income. […]
401(k) plans are hailed by many financial experts as one of the easiest and most convenient ways to save for retirement. However, according to data from the US Census Bureau, although an estimated 79 percent of American workers have access to a 401(k) plan through their employer, only 41 percent of those choose to take advantage […]
Do you find yourself thinking about retirement with just as much fear as excitement? If so, it’s not at all surprising; workplaces seem to be full of stories about people who stop working too soon and find themselves in dire financial straits during their retirement years. In fact, according to the 2020 Transamerica Retirement Survey […]
The amount of money needed for retirement depends on factors including lifestyle, age, and health. Generally, experts suggest that individuals should aim to live off of 80 percent of their final pre-retirement salary. Someone who made $100,000 per year at retirement, then, should have enough saved that they can comfortably spend $80,000 per year when […]
Working with a financial advisor to help you achieve your financial goals has become increasingly common. Where once people considered financial advisors and financial planning in general only appropriate for the very wealthy, now people from a broader range of income levels are interested in creating a comprehensive financial plan for themselves and using a […]
There’s little doubt that cryptocurrency is one of the hottest topics in the financial sphere today, but this doesn’t necessarily mean that it’s easy to understand. Due to the sophisticated technology that powers it and the incredible speed with which it has evolved, cryptocurrency can be a confusing subject even for people with a good […]