Retirement Archives - New Trader U

7 Signs You Will Have A Comfortable Middle-Class Retirement

Personal Finance, Retirement / Steve Burns

A comfortable retirement is a common aspiration for many, especially those aiming for a stable middle-class lifestyle post-career. While the path may seem filled with uncertainties, clear indicators can signal whether you’re headed in the right direction. Understanding these signs is crucial to achieving financial stability and ensuring peace of mind in your golden years. […]

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6 Ways Middle-Class People Become Rich By Retirement

Retirement, Wealth / Steve Burns

Achieving wealth and financial stability by the time of retirement is a goal many aspire to, particularly those in the middle class. While challenging, this journey is attainable through various strategies that have proven successful for numerous individuals based on many millionaire studies. This article explains the six fundamental methods that can elevate your financial

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Why Retirees Are Returning to the Workforce in Droves

Personal Finance, Retirement / Steve Burns

The current phenomenon of retirees rejoining the workforce has become increasingly prominent, marking a significant shift in the retirement landscape. In an era where financial stability is a growing concern, understanding why our senior community is moving away from traditional retirement and back into employment is important. This article explores the diverse reasons behind this

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Average 401(k) Balance by Age (2024 Edition): Are You Behind?

Retirement / Steve Burns

In the 2024 economic environment, understanding the average 401(k) balance by age has become increasingly crucial for those wanting to know where they stand in their financial future compared to others in their age group. With retirement on the horizon for many, the question looms: are you keeping pace ahead or lagging in your retirement

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Traditional vs. ROTH IRA – Which Should You Choose?

Retirement / Steve Burns

The choice can seem daunting when deliberating between traditional and Roth IRAs for your retirement savings. These two types of Individual Retirement Accounts are fundamental tools in strategic financial planning, each offering unique benefits and considerations. In retirement, where future financial security is most important, understanding the nuances of these retirement options is critical. This

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How to Live On Dividends Alone (3 Ways)

Financial Independence, Income Investing, Retirement / Steve Burns

Embarking on a journey to achieve financial independence through the power of dividends is a dream for many. The allure of living off dividends offers a sense of security and freedom that traditional income sources may not provide. This article explores three strategies to help you reach this goal: building a robust dividend-paying portfolio, aligning

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The 4 Paths to Retirement And Financial Independence: How to Escape the Rat Race

Personal Finance, Retirement / Steve Burns

Achieving retirement and financial independence is a common aspiration, yet the journey is often difficult, whatever path you choose. The quest to break free from the daily grind, commonly known as the ‘rat race,’ is pursued by many but achieved by few. This article delves into the four primary strategies that can lead you to

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Here’s How Your 401(k) Is About To Change

Retirement / Steve Burns

As we navigate the ever-evolving landscape of retirement planning, it’s crucial to stay informed about the latest shifts and modifications in 401(k) plans. These changes, set to roll out in the coming years, are poised to significantly alter how we save for retirement, impacting everything from automatic enrollment to contribution limits. In this article, we

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5 Tips for A Happy and Wealthy Retirement

5 Tips for A Happy (& Wealthy) Retirement

Retirement / Steve Burns

Embarking on a happy and wealthy retirement is a goal many of us strive towards. It’s a time when the fruits of years of hard work and intelligent planning come to fruition, offering a chance to enjoy life with financial security and personal fulfillment. However, achieving this requires more than saving money; it involves strategic

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What No One Tells You About Early Retirement: 7 Secrets You’ll Wish You Know Before Retiring Early

Retirement / Steve Burns

Embarking on early retirement can be an exhilarating yet daunting prospect. While many focus on the financial aspects, several secrets and unexpected challenges come with retiring earlier than the traditional age. This article delves into the lesser-known facets of stepping away from a full-time career, offering insights and advice on navigating this significant life transition

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