I decided to put off plans to invest in real estate until 'The Great Senior Sell-Off' creates the new housing crash. As baby boomers sell their homes and downsize, there should be a flood of cheap houses to purchase.
When I found out I can't get full retirement benefits until age 67, I knew I had to write down a retirement timeline. I plan to make catch-up contributions in my 50s so I won't outlive my retirement money later in life.
Now that interest rates are going up, it's becoming more fashionable to pay down a mortgage early. We were able to knock 8 years off the length of our original mortgage with a combination of strategies.
People with a 6-figure household income or higher are being classified as part of the 'new rich," who are too blame for income inequality in America. For the Gen-X'er with outrageous expenses, it takes a lot more to be rich.
Owning a home outright is the biggest part of my retirement plan. I'm not planning to use the equity in my home to fund my retirement. I'm planning to retire in place to save me at least $1,000 a month in retirement.
Most kids are graduating from college with about $30,000 worth of student loan debt. My son, who is the oldest of Generation Z, is graduating with no debt because of his super frugal mindset after the Great Recession.
I'm not sure if I believe in the 'Santa Claus Rally," but I would love it if an end-of-the-year rally or lack of one could predict the future. Should I ignore stock market superstitions and quirky indicators when investing?
After gambling with my retirement in my 20s, I have stopped investing in speculative stocks. My mid-life retirement planning involves investing in exchange-traded and mutual funds, but it may be too late to rescue my retirement.
I'm not listening to the doom-and-gloom stories about how inflation will affect my future. I am keeping up with inflation by keeping my life simple and living below my means. Runaway inflation won't ruin my future.
We under-estimated what we could afford to pay for a home because we didn't want to be stressed out about making the monthly mortgage. I was shocked by a new study that shows how much salary it takes to buy homes in different cities.
We no longer have discretionary income to spend or save for retirement, but we are still getting ahead. Thanks to our home appreciation and stock market gains, our net worth is increasing while we live paycheck-to-paycheck.
Even though I made a quick $30,000 profit in just 2 years, I regret selling my townhome during the housing bubble instead of turning it into a rental. Now I have sons who could be living in a great paid-off pad.
We are getting into the DIY holiday spirit by making hand-crafted gifts this year. While it's fun to save money, it's also nice to conserve and recycle while making personalized gifts instead of giving cash or impersonal gift cards.
Even though my employer-sponsored health insurance is less than what some health exchange shoppers are paying, it's still expensive. I am going to reduce my retirement contributions to make up for the added costs.
Experts say I shouldn't hit my financial peak until I'm 45, but my income has been on a downward trend since my 20s. I'm afraid my Social Security benefits will be negatively affected because I peaked to young.
I am using the slow approach to getting to 1 million dollars by investing in dividend-paying stocks and funds. By multiplying my shares within my Roth IRA, I can create wealth for retirement than can't be taxed.
A new report shows the majority of us are accumulating debt faster than we are saving for retirement. After the recession, I stopped being a "debt saver," and became a debt-free saver with complete financial peace.
I made the mistake of keeping my money in cash within in a Rollover IRA instead of trusting my new 401(k) plan. Fearing a stock market crash, I missed a 25 percent return on the majority of my retirement money.
A new Census Report shows just how hard some states were hit by the housing crash. A recent run-up in home values in Florida has helped us go from being underwater on our mortgage to having $100,000 in home equity.
Experts say individual investors are finally starting to buy stocks, but it's usually a sign that that the market is due for a correction. I was late to the game during the dot.com era, but I radically changed my strategy so I won't lose it all again.
I don't want Social Security when I retire, but I'd love to have a Thrift Saving Plan that could turn into an annuity when I retire. We should stop requiring people to pay Social Security taxes now and let them fund a TSP.
A new analysis by Morgan Stanley shows retailers are bracing for a brutal holiday shopping season. I can relate to the fact that consumers are too worried about their lack of future income to splurge this Christmas.
Experts say partial retirement is a growing trend as baby boomers are laid off of full-time jobs. As a member of Generation X, I'm making a financial survival plan now in case I have half the income in my 50s and 60s.
With home values retreating after spiking this past summer, some experts are shaming recent homebuyers into thinking they would get in before the next housing bubble. I'm still encouraging my son to buy a home now.
The smartest thing i did was keep my hands off my 401(k) account so it could grow. My 401(k) balance has surpassed the record high recently recorded by Fidelity as the stock market soared this past year.
I used a personal finance calculator to figure out how many years it will take me to accumulate $1 million. My plan is to use a Roth IRA as my retirement savings vehicle so I can withdrawal money tax free at age 67.
With a new housing bubble forming in Florida, we are starting to take notice. We came up with a plan for when to sell our home so we can be on the other side of the housing bubble as sellers instead of buyers.
It's shocking to learn some couples are contemplating divorce as a way to save money due to ObamaCare. I'm staying married even though I'd have to pay a hefty amount if I ever decided let my health insurance lapse.
I don't think baby boomers have any business deciding the fate of the failed Social Security system since it's the younger people who will have to pay. I propose cutting benefits now and providing seniors with food stamps.
A new study shows it takes a 6-figure household income during the working years for retirees to be happy. I calculated how much money I need to bring in as a "second income" so that we can experience retirement bliss.
A new Fidelity Investment Couples' Retirement Study helped my husband and I get on the same page. We had different expectations of retirement, but figured out how to effortlessly make the transition from work to retirement.
With the higher insurance premiums, runaway inflation and taxes to deal with, few young people can save for retirement. I believe retirement will be a luxury only the rich can afford in 2033 and beyond.
After asking ourselves key questions, my husband and I concluded I'd have to at least work part-time after a job layoff. Our budget would need a radical overhaul in order for us to be happy on one income.
I don't have any job security, but I still have to save for retirement. My strategy has been to avoid investing in a regular IRA or 401(k) plan in case I need to access money years before I'm old enough to avoid the penalties.
Some economists predict a future when there is no middle class, but only economic "winners" and "losers." I'm adapting to a lower living standard now so I can survive when my place in the middle class disappears.
Research shows a growing number of young and middle-age home buyers plan to live in their homes for 16 years or longer. After the housing crash, we were forced into seeing the value of living in one home for our adult lives.
I regret taking an aggressive approach to my investments just before the downturn of 2008. It's tricky to get the investment allocation balance when baby boomers are not doing what they are "supposed to do" with their money.
Lawmakers might hold Santa hostage on the "debt ceiling," but I'm planning to spend this holiday season. U.S. Consumer sentiment slid but there's still time for the American consumer to help the economy with holiday shopping.
Housing is no longer extremely affordable as it was when we could buy a house in Florida for the cost of a new car. The high cost of buying or renting means my Generation Z son may launch late like many Millennials.
I am expecting a major stock market crash, but that doesn't mean I don't keep some of my retirement money invested in stocks. I'm skeptical of financial experts who talk about the new Roaring Twenties stock market.
I consider myself a bankruptcy success story because I turned my life around after declaring bankruptcy. Twenty years after my divorce and bankruptcy, I have no credit card debt and a perfect credit score.
At age 40, I'm getting serious about my retirement savings goals and plans. A new survey shows 4 and 5 older Americans intend to work in retirement, but I plan to finally get to live up to the slacker image of my generation X.
I think it's possible to save too much for retirement. The biggest sign that I over-saved for retirement is the fact that I had to tap my retirement accounts more than 5 times because my emergency savings account was barren.
I started out with an income of only $28,000 a year, but was able to save $100,000 into a 401(k) in just 10 years. At age 40, I still contribute to a 401(k) plan even though I don't receive an employer match.
Disposal income growth fell to the lowest rate in the past 50 years with the exception of 2008-2009. Could we be on the verge of another awful recession or economic depression? I'm tired of living paycheck-to-paycheck.
With interest rates still low and our home value up, we are planning to roll renovation costs into a refinance. It will be the third time we have refinanced since we purchased our Florida home 8 years ago.
Our grandparents lived an upper-class lifestyle in retirement, but we are facing a new retirement reality as members of Generation X. We are planning to work until we are 80 and find new ways to create a secure future.
I am prepared for an economic apocalypse now more than I was when the Great Recession caught me by surprise. I am taking a cautious approach with my money to avoid losing it all during the next economic crisis.
Politicians in Washington are talking about trimming Social Security. Meanwhile, preliminary figures show seniors will get a Social Security "pay raise" of 1.5 percent, which like minimum wage, doesn't really keep up with inflation.
Former President Jimmy Carter recently said that middle class people today are more like the poor from his presidency. Thanks to the growing income gap between the rich and middle class, my family is struggling.
An analysis of 10 of the largest economies in the world shows people are hoarding cash 5 years after the financial crisis. After the Great Recession, I took my opportunity to lock down my cash by rolling over my 401(k).
I was an early saver when it came to my retirement accounts, but my dedication fizzled out in my 40s. I don't plan to resume saving for retirement until I've met other key financial goals such as paying off my house.
Although I'm not ready to trust them 100 percent, I'm pleased to hear about Wal-Mart's 'Made in America' pledge to bring jobs back to America. My frugal side is hoping Wal-Mart will really change their ways.
As a member of Generation X, I am already thinking of ways I can ditch expenses in retirement or even sooner. In another 20 or 30 years, I expect to have different bills that my future self will need to pay.
Refinancing for us was about getting a lower mortgage rate, but I may refinance in the future to lower my mortgage payment. If I had to pay my old, higher mortgage payment today, I'd be driven to foreclosure.
Because of all the bickering in D.C., lawmakers failed to pass a bipartisan proposal that would prevent flood insurance from drowning homeowners in Florida and other states. I am paying off my home to afford future insurance hikes.
I'm not happy about having debt back in my life after giving it the boot several years ago. After criticizing the government for not balancing its budget, I realized I need to stop making excuses for the debt in my life.
I used to plan for less Social Security, but now I'm planning for a retirement with absolutely no Social Security. I still feel secure about my retirement because I'm taking it into my own hands by investing and paying off my mortgage.
Even though my children are now 18 and 20, I don't believe it's too late to save for their college education. My children may attend graduate school. I also need to save in case I return to college in my 40s or even 50s.
Some people say the unemployment numbers are misleading because some Americans have simply given up trying to find jobs. My family has found it's too expensive for everyone to work, but that doesn't make us lazy.
I regret putting my nest before my retirement nest egg, especially during the housing bubble. I could have had a large retirement account by now, but I chose to believe that a mortgage was 'good debt.'
When it comes to financial planning, I'm a perfectionist. However, other members of my family are slackers about their personal finances. A recent financial planning survey shed light on the 4 different money mindsets.
After dealing with a negative net worth during the Great Recession, it was exciting to finally build up a net worth of $100,000 a year ago. Since then we have doubled our net worth, but we aren't celebrating the fleeting success.
Caught up in the excitement of buying a new construction home, I didn't realize how expensive my mortgage would be. I knew my new home sold at a premium, but I should have thought about the extra fees.
My husband is more of an investor and I'm more of a trader. When it comes to our retirement accounts, we don't touch the other person's accounts. A recent survey by Fidelity shows younger women tend to defer to their husband.
After watching my retirement savings grow at a snail's pace, I started to panic about my dreams of retiring at 62. I changed my target retirement date as well as how I saved and invested for my old age.
After almost giving up on my retirement, I figured out a way to save for retirement in my 40s without going broke. I am no longer expecting to have to work until I die because of the small changes I'm making.
If I lose my full-time job and accompanying health benefits, I wouldn't sign up for ObamaCare. I plan to pay the penalty and buy a life insurance policy that will pay some benefits early for medical costs.
I avoid early mortgage payoff burnout by playing with numbers and reminding myself of the benefits of owning a home outright. I've already cut 8 years off the 30 years it would have taken to pay off my loan.
Some people are afraid to die, but we are afraid to live too long when it comes to our retirements. We are making moves in our 40s so that we won't outlive our retirement savings and vanishing social security.