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February 14, 2025
By
The Admiral Staff
This article suggests six lower-risk investment options for retirement to help protect against financial setbacks. These include: **bonds** (debt obligations offering interest payments), **publicly traded REIT index funds** (offering high dividends), **high-interest savings accounts** (for easy access and FDIC insurance), **Treasury Inflation-Protected Securities (TIPS)** (protecting against inflation), **preferred stocks** (providing prioritized dividend payments), and **Certificates of Deposit (CDs)** (off
February 9, 2025
By
The Admiral Staff
Self-employed individuals, freelancers, and gig workers often lack traditional employee benefits and retirement plans, leaving them responsible for their own retirement savings. The article outlines two main types of retirement accounts: defined benefit plans (like pensions) and defined contribution plans (like 401(k)s). For the self-employed, viable options include the Individual Retirement Arrangement (IRA), Roth IRA, Solo 401(k), SEP-IRA, and SIMPLE IRA, each with different contribution limits
September 29, 2024
By
The Admiral Staff
The article highlights [FreeFinancialPlan.com](https://t.thepennyhoarder.com/aff_c?offer_id=7064&aff_id=2), an AI-powered tool created by a wealth-management executive, that provides free, personalized financial plans. Unlike traditional financial advisors, it’s accessible to everyone regardless of income and doesn’t require an email address or product sales. Users can expect a customized PDF plan within 10
September 4, 2024
By
The Admiral Staff
The author advises the concerned stepmother not to avoid discussing her financial concerns with her husband, as silence can breed resentment. Instead, she suggests carefully considering the “why” behind her feelings – is it about retirement savings, adjusting to having adult children in the family, or concerns about their independence? Defining the core issue and potential solutions beforehand will allow for a more productive conversation aimed at understanding and compromise.
May 14, 2024
By
The Admiral Staff
The article explores potential downsides to the FIRE (Financial Independence, Retire Early) movement. While retiring in your 30s or 40s sounds appealing, it presents challenges including higher healthcare costs before Medicare eligibility, potential social isolation, increased risk of outliving savings due to longer life expectancies, missing peak earning years, potentially reduced Social Security benefits, and penalties for early withdrawals from retirement accounts. The article advises consulting with financial professionals before making the leap to ensure financial preparedness.
