Dostadning is a Swedish word that means decluttering that begins as people age. Death is inevitable and many families fail to prepare for this eventuality which could lead to financial and emotional implications due to the loss of the breadwinner. Organizing our financial lives serves as protection for the survivors. The purpose of this article …
I assume you are familiar with borrowing money from family members, friends, cooperative societies, banks, etc. In borrowing these funds, you either promise your friends with words of mouth or a collateral in the case of a bank. This is similar to how a bond works. A bond is an instrument used by governments or …
When it comes to retirement planning, Americans are often way behind. In fact, in 2019, almost half of households headed by someone 55 or older had no retirement savings at all, according to the U.S. Government Accountability Office. The traditional retirement age is 65 in the United States and most other developed countries while 60 …
Last week, we discussed the benefits of having a retirement plan. Retirement planning involves depriving yourself of some spending money now so you can have some spending money as a retired person. Would it not be a bummer to lower your spending money now and still be unable to …
Continue reading "MITIGATING THE THREATS TO RETIREMENT PLANNING"
Sixty-five percent of the global youth population will reach the elderly stage of their lives, also the retirement stage. At this stage, they are no longer young and active enough to go out to work and earn a survival income from paid employment. A retirement plan is a systematic approach to cater for a definite …
Broadstreet Financial Review 