5 Simple Steps to Improve Your Retirement Strategy

Preparing yourself with a comprehensive retirement plan is more important than ever. We are all living longer and it is vital that you have a strategy to ensure you don’t outlive your money. Here are some simple things that can help you to make the most of your retirement fund.

Busy senior businessman working on a retirement plan

Look at your 401(k) plan

A key part of a successful retirement strategy is creating an effective income stream from your savings. Keep your money in the 401(k) if your plan allows you to make regular withdrawals or pays out in instalments. If your 401(k) only allows you to take out a lump sum, it may be worth transferring the savings to a separate retirement account.…

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6 Tips to Negotiate on a Car Loan

If you want to buy a car, but don’t have cash, you can always apply for a car dealer financing. But you should be prepared for a never-ending sales pitch from the salesman and the finance manager.

tips to get approved

Speaking of preparation, here are six tips that can help you significantly:

1. Don’t Make Decisions Based on Your Emotions

A lot of emotions can be involved in buying a car. You may find it difficult to leave the car once you’ve gone out for a test drive. But if the dealer is not interested in negotiating, you are free to walk away. Bear in mind that you’re the one paying for the car and you’re not doing any favor to the dealer.…

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Key Differences between Health Insurance and Personal Accident Insurance

The idea of getting into an accident is frightening, as well as the idea of having to leave your family behind in a worst-case scenario. Life is unpredictable after all, and anything can happen in the blink of an eye. Signing up for an insurance plan is a good way to prepare yourself and your family for the challenges you might meet along the way. In exchange for a premium, your insurance can provide you and your loved ones’ health, hospitalization, and even death benefits.

Man in hospital

There are many types of insurance plans in the market these days, and choosing the right one—before you need it—can be a difficult task.…

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Debt Options Simplified

You’ve inevitably heard a lot of terms thrown around while researching debt relief solutions. Among concepts like debt management, debt consolidation, debt settlement, and bankruptcy — you might be scratching your head wondering what the best option is to improve your financial standing.

Debt relief options

Keep reading for a simplified breakdown of debt relief options.

Debt Management

A major roadblock in the personal battle against debt is the emotional turmoil weighing the mind down. Debt makes doing daily tasks much harder. It filters the lens we live life behind. This is why debt management, despite not actually saving debtors any money, still offers some appeal.…

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What Are the Benefits of Final Expense Insurance?

Life insurance is a measure of protection that you take out for your loved ones in the event of your death. The greatest benefit of life insurance coverage is the ability to name beneficiaries. The average life insurance policy can be anywhere from $250,000 to $500,000. After years and decades of paying premiums, a policy can begin paying out to beneficiaries after the death of the policyholder.

Benefits of Final Expense Insurance

Life insurance coverage is cheaper if you are young and healthy. However, it is worth it to protect your loved ones. The issue is that too many people consider getting life insurance too late in life.…

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Side Hustles to Help Meet Debt Payments and Get Out of Debt

Debt relief is more than just controlling your spending – finding ways to further improve your income can be just as important. A recent survey has found that the average American with a secondary source of income earns about $8,000 extra per year. In light of a ValuePenguin survey that found the average American household carrying a debt of $5,700, this means the average income from side hustles is significantly more than what you’d need to pay off the average debt.

Online shop as a side hustle

Engaging in a side hustle doesn’t just make it possible to get out of debt faster; it can also bring other additional benefits.…

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Getting the Green Light: 6 Ways to Improve Your Chances of Being Approved for a Loan

A lot of people feel nervous asking for money, even if it’s a lender’s livelihood. We can usually chalk this up to uncertainty regarding whether or not we’ll be approved. If you’re in need of a loan, you might understand that getting approval can take time. It’s a hassle to spend all of that time waiting, only to be denied.

Taking loans

If you want to go into the loan approval process with greater confidence, there are several ways to make it happen.

1. Check your credit

It would be unreasonable to predict how to the loan approval process will go without checking up on your credit.…

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How Much Should You Be Spending on Personal Loans?

People around New Zealand can find personal loans with various values attached to them. Some loans may be worth thousands of dollars depending on what they are for. But while it can be inviting to find personal loans with great values attached to them, anyone who wishes to take out a loan must be aware of the value associated with the loan.

Personal loans

You have to avoid spending too much on personal loans. There are a few things to see when looking at how much you need to spend when getting your expenses in check. These relate to several points associated with your loan and the value you are taking out on that loan.…

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Using Gamification to Achieve Your Financial Goals

While everyone dreams to turn their financial goals into reality, it is disheartening to know that 65 percent of Americans, according to CNBC, save little to almost nothing towards achieving these goals. Little does anyone in the ‘65% club’ realize the danger that this financial irresponsibility puts them in. Undesirable situations such as having no workable budgets, rising debt rates and having little to no funds to offset a huge emergency are becoming the norm.

Gamification for achieving financial goals

The truth is, however, that not everyone can exercise the same level of financial responsibility. Sometimes all it takes is some motivation to get you started.…

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How To Reduce Stress In Your Financial Life

No one ever said that dealing with finances was easy. In fact, without knowledge or practice, it can actually be extremely difficult.

Stressful financial life

Balancing incomings, outgoings, necessary costs and debts can seem like a never-ending juggling act and as a result, stress is a fairly common response. While you could turn to a payday loan from a Wizzcash lender in the case of a financial emergency, keeping track of your finances for the most part can help reduce stress considerably and ensure your budgets are kept to at all times.

Here, we’re exploring how you can reduce stress in your financial life.…

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