Personal Finance

Rising costs in the U.S. are driving more people to consider retirement in less expensive locales and the list of potential resting spots is long and varied. International Living compiles annual lists on the best places to hang the retired hat based on things like cost of living, ease of entry, healthcare, insurance and access to amenities, and the Top 10 for 2012 includes some old favorites as well as new picks. [Let's take a look.] Words: 950

Do you understand money? Many couldn't pass this simple finance quiz. Can you?

Withdrawing from a $1,000,000 nest egg upon retirement using the familiar 4% rule to generate a successful 30-year inflation-adjusted (3% per annum) retirement proved to be totally inadequate as per the retirement withdrawal strategy that I put forth in a previous article (1). In fact, it crashed and burned in year 25 of the 30-year plan! In fact, as I show in this article, it will only succeed if your portfolio outperforms the S&P 500 by 5% every year for 30 straight years - and what is the likelihood of that? Words: 1533

Beyond wishing for interest rates to bounce back to historic highs, what can you do to help your portfolio produce income into your golden years?

The data visualizations in today’s post come to us from Engaging Data and they use Sankey diagrams to display data from the Bureau of Labor Statistics (BLS) showing differences in how various age groups in America earn and spend their money. By Jeff Desjardins In the most common career trajectory, earlier years coincide with a lower salary as skills and experience grow. …

The U.S. has been battling a growing drug use epidemic for several years so how much people are spending on prescription drugs in your state? Let’s take a look at the numbers to get an idea.

The following infographic details how some of the biggest financial bubbles in history have formed and then burst. Check it out to make sure you don’t fall victim to the hype of “the next big thing.”

Loll in the lap of inexpensive luxury at any one of International Living's 10 best retirement destinations: North America (1); Central America (2); South America (3); Europe (2); Asia (2) Words: 1155

There may be a case where a reverse mortgage makes sense in very unique circumstances but, in real life, I’ve not seen one yet. If someone you know is considering taking out a reverse mortgage, send them this article and suggest that they get a second opinion.

The all-encompassing, deceptively brief infographic presented here by Fortunly includes specific examples of taxes around the world and how different conceptions of taxation are evolving in the digital era. No one enjoys paying taxes, but we hope you will enjoy learning about them here.