Budgeting Archives

Why $1 Million in Savings May Not Be Enough

BML Wealth Marketing2021-05-16T18:59:10-07:00May 16, 2021|Budgeting, Retirement Income, Retirement Planning|

They say age is just a number, but the same probably shouldn’t be said of retirement preparation. While $1 million may seem like a substantial nest egg, it may no longer be enough if you want to retire comfortably. In the past, many people set a goal to have a million dollars to retire on, but in today’s world it may not get you where you need to be for retirement. Healthcare costs and inflation are just a few of the retirement expenses that can eat up savings. Everyone’s retirement goals and situation are unique, [...]

Are You Thinking About Buying a Second Home?

A home is one of the most significant purchases you’ve made in your lifetime, so you should take your time when thinking about buying a second one. The ability to rent the house, how you will use it, and its future value are all important things to think about. While many people have a favorite vacation spot in a scenic area, they can’t spend a significant amount of time there until they’re retired, and there are many thing to consider before moving in retirement. And, the rules of Real Estate are a bit different for [...]