Archive - November 2, 2016

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Financial planning for a freelance or self-employed income
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Retirement Planning? Don’t Risk Not Knowing What Has Changed

Financial planning for a freelance or self-employed income

It’s easy to divvy up a paycheck. Freelance income, not so much. The biggest problem with making a spending plan (because we all hate the word budget, right?) is that you’re never sure how much you’re going to get, and when it’s going to show up. This is a huge problem when you’re first starting out, but it’s still an issue even after your established—while you might know your average earnings, you still don’t know exactly when the check will be in the mail.

I’ve long recommended Ramit Sethi’s concept of dividing your income into percentages, rather than amounts. …

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Retirement Planning? Don’t Risk Not Knowing What Has Changed

Retirement used to be something everyone looked forward to. A retirement party, a nice watch from your soon-to-be former employer and then home to an open schedule and a slightly smaller check. It was a “no brainer.”

retirement planning don't risk missing changesAs long as your smaller income covered your spending, the only other real planning was finding a hobby. Retirement was nearly as perfect as it looked in the advertisements.

Today, this isn’t the reality for most retirees. Investing and advice associated with retirement has changed. Financial planning for retirement is no longer reserved as a hobby for the well-to-do. It is a realm …

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