Category Archives: Retirement

Golden Rules of Investing in Retirement

Golden Rules of Investing in Retirement

Retirement days can be more productive than you expect them to be. You have more time in your hand than you ever have had. By learning about the basics of investment, you can utilize this time to do thorough research and invest your money diligently. To get started in your investment journey, you will need to start small and take bigger risks as you move forward.

Here are the 4 golden rules of investing in retirement.

1. Pay off all your debt first

You cannot think of investing your hard earned cash in options like real estate, stocks, or new businesses if you still haven’t paid off your mortgage. It’s essential to have financial stability during your twilight years. Although, you can still invest even if you were unable to build sufficient assets during your working days. For successfully investing in retirement it is vital that you have sufficient funds that you allocated for investment.

2. Get yourself trained first

Trained yourself

You cannot simply invest in something you don’t fully understand. For instance, if Continue Reading

6 Investment Strategies to Generate Retirement Income

6 Investment Strategies to Generate Retirement Income

Last time, on The Amateur Financier, we were discussing the different sources of income when retirement rolls around. There were four that came up, pensions, Social Security, working part-time, and relying on your personal savings. Not to give away and spoilers, but there’s not too much you can do about the first two, and working… Continue Reading

4 Sources of Income in Retirement

4 Sources of Income in Retirement

There’s one major goal that most of us have for the end of our working life: retirement!  Maybe you’ve put in decades at your job, and ready to take advantage of your pension to live a luxurious life.  Perhaps you spent years working, slowly accumulating a small fortune in retirement accounts that you’re ready to… Continue Reading

How to Create Buckets and Buckets of Money

There are many theories out there regarding how to manage your money in retirement, generating enough income to meet your basic retirement needs (and hopefully all those dreams you want to fulfill) while keeping most of your money intact. As you might guess, given the amount of money controlled by retired people, there’s plenty of… Continue Reading