Solutions to Your Biggest Money Problems

No two individuals have the same financial woes. Not only do financial situations vary in income, debt, spending and saving habits, but they also vary in the perspectives of those individuals and how they rank their specific money problems. After researching a few polls on the most popular money problems, we’ve created a list of what financial issues most individuals worry about the most and what you can do about it.

Why do Women Trail Men in Retirement Planning

With the passing of the many recent Mother’s Day celebrations it’s easy to acknowledge all that women do in the lives of people around them. It’s often said that mothers naturally put others first, which, admirable as it is, becomes a problem in terms of their own financial future. A new study by the ING Retirement Research Institute, “What about women and retirement”¹ shows that women, on average, are much less prepared for retirement than men. 

5 of the Top Places to Retire Outside of the U.S

While it may sound sensational or romantic, retiring in a foreign country also has more pragmatic benefits, leading to a rise in the population of Americans choosing to spend their golden years in other countries. Whether it's the draw of low costs of living, inexpensive and accessible health care, warmer climate or the charm of a distant locale, many of the following foreign locales already have large pools of retired expats, and as more and more baby boomers start retiring, coupled with a constricted economy and burgeoning medical expenses, this trend is projected to continue. 

Protecting Your Assets in Bankruptcy

Regardless of whether this year goes down in history as being the time in which the recession officially ended, our economy is still feeling its effects. According to the American Bankruptcy Institute, more than 1.6 million people are expected to have filed for personal bankruptcy by the end of the year. Almost 65% of filers chose “income reduction” as a reason for filing, while 42% listed “job loss” as their primary reason.

Millionaire's Judge their Wealth and Assets

Times are changing, and so is the way we view our wealth.  A survey by Fidelity Investments¹ reported that many millionaires don’t consider themselves rich with $3 or $4 million in investible assets, but rather a number around $7.5 million.  You can blame inflation or the advances in modern health technologies that lead to longer lives and an increase in retirement years, but most millionaires are upping the ante when it comes to their financial assets and future.