It’s one of the most basic questions people ask themselves when they start planning for retirement: Where am I going to live?
It’s also one of the most crucial questions, and one that, surprisingly, many people don’t give a lot of thought to. Sure, they ask themselves some cursory questions—especially about the weather and affordability. But they rarely delve very deeply, even though making the right choice can offer a greater chance of having a more fulfilling life.
The Markets (as of market close November 17, 2017)
Last week saw a mixed bag of returns as the large caps of the Dow and S&P 500 lost value for the second consecutive week, while the tech-heavy Nasdaq and small caps of the Russell 2000 posted gains. Major gains from consumer companies such as Wal-Mart Stores, which reported its strongest sales in several years, weren’t enough to offset falling energy stock prices. On the other hand, the Nasdaq posted a gain of almost .50%, while the Russell 2000 was the leader by far, climbing 1.19%. Long-term bond prices didn’t move much, as the yield on 10-year Treasuries inched up only 2 basis points.
You’ve worked hard over the years, saving for your retirement. So hard, in fact, that you are well-prepared to face your golden years. You’ve also worked hard caring for children and possibly grandchildren, teaching them life skills, so that they could one day leave the nest and be successful on their own.
The Markets (as of market close November 10, 2017)
Trepidation over proposed tax reform took a toll on large caps last week, ending what had been a run of consecutive weekly positive returns. The small caps of the Russell 2000 were particularly hit, sending that index down over 1.30%. Rising oil prices pushed energy stocks higher, but not enough to offset falling stock prices across much of the market. A light economic calendar probably accounted for long-term bond yields remaining largely unchanged from the prior week.
Open enrollment is coming. Here’s how to make the most of it; How to get the most out of your benefits in 2018.
Workers are about to enter one of the most stressful seasons of the year and it’s not the period from Thanksgiving to New Year’s Day.
Rather, it’s open enrollment season when workers must decide whether to make changes to their health, retirement and other benefits. Here what experts suggest.
Strong third-quarter corporate earnings and an expanding gross domestic product helped push the S&P 500 and Nasdaq to new record highs last week. The Dow also gained close to 0.50%. While technology stocks led the way, health-care shares didn’t fare as well, pushing the small-cap Russell 2000 to a small end-of-week loss. A fading euro may have impacted the Global Dow, which fell off a bit by last week’s end. Positive economic signs also affected the bond market, which saw the yield on 10-year Treasuries reach its highest level since March.
You’ll have a lot to look forward to if you plan well
Living within your means can be difficult. It requires planning, discipline and awareness of what your personal financial limits are.
Getting started on planning your finances and adhering to your personal financial plan day in and day out can be a bit of a challenge — especially at first. But, as time goes by, it becomes easier and ultimately a positive, life-changing experience. As you gain control over your finances, you will have an enhanced feeling of personal empowerment and a more comfortable, and less stressful existence. Train yourself to be financially responsible and live within your means now and it will serve you well when you are retired and living on a fixed income for life.
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For some, saving for retirement is an automatic task every paycheck. For others, it’s a struggle — and for many more, it’s nearly impossible.
Each of the benchmark indexes listed here posted gains by last week’s end, except for the Russell 2000, which fell 0.50%. The large caps of the Dow and S&P 500 enjoyed moderate increases, as did the Global Dow, which gained the most last week. Most impressively, the Nasdaq ended the week at a new all-time record. While equities marginally increased in value, investors favored gold and long-term bonds, both of which saw prices rise.