Looking for the best personal finance blogs for 50 somethings? You’ve come to the right place. Here we’ve picked some of the top sites that will help you with managing money, dealing with debt, and planning your estate.
Best Personal Finance Blog for Retirement Planning
Are you looking for a retirement gameplan?
If you have been putting it off by now, you should place your efforts in high gear and get on with it ASAP.
If you like most people will retire by 65, it menas you have about 15 years at most, to make the transition into retirement, and life after it, as smooth as possible.
So, how do you handle personal finance when it comes to retirement?
Money Tips has a handy retirement calculator where you can input your income, savings, and contributions towards retirement and get an estimate on whether you are on the right track.
They also feature guides that will help you with your retirement strategy.
…for Making Extra Money
Who doesn’t need extra money?
Whether it’s because you’ve come late to the retirement planning party and need to make up for it or are looking for something to help you retire early, chances are you could use a financial boost.
You are fortunate to live in times when starting a side job has never been easier.
Listen Money Matters features several extra-income categories where you can get ideas for generating passive income, investing, budgeting, and managing debt.
They also have a section with reviews of some of the popular personal finance tools.
…for Health-Related Finance
According to registerednursing.org, “By the time you reach 65 years old, average healthcare costs are $11.3K per person, per year in the United States.”
At the same time, another study says “41 percent of working-age Americans […] have medical bill problems or are paying off medical debt,” and the Federal Reserve Board found out that 25% of Americans can’t come up with $400 in an emergency situation.
In other words, as you get older, expenses mount up, while money, in general, is scarce, which is one of the main impediments to achieving financial independence after 50.
Managing your health-related finances involves both taking care of your health and preparing for emergency situations.
Life and My Finances has a health category where you can get tips on how to pull off both—live a healthier life and get more info on how health shares work and whether they are right for you.
…for Managing Debt
Living in debt is no party and it’s particularly undesirable to enter retirement this way.
In fact, personal finance consultants advise people to pay off as much of their debt as they can before leaving the workforce.
Managing money owed is one of the top concerns for any person, and so there’s plenty of advice out there on how to manage and even avoid indebtedness, especially come retirement.
The Debt Roundup blog focuses, unsurprisingly, on dealing with debt.
The site features posts on everything money and debt-related including, for example, an article on whether turning off the A/C is worth it as a money-saving option.
…for Estate Planning
It is not the most pleasant topic to discuss, but estate planning is still something better done early enough to account for unfortunate surprises.
Without all the euphemisms, this means that financial planning in your 50s must include putting your affairs in order like making a will and taking care of all the other administrative procedures that ensure a smoother transition of wealth after your passing.
However, estate planning is not limited to death only.
It also includes the procedures you put in place in case you get ill or injured in a way that prevents you from making decisions on your own.
SmartAsset.com has probably the most comprehensive content library when it comes to estate planning.
The site features a ton of stuff on the topic, covering all aspects—from what is estate planing and who needs it, to how to find the right lawyer for the job.
Recommended Personal Finance Blogs Posts:
It’s not rocket science that making the right financial decisions now will let you have a much more enjoyable retirement than if you left everything for the last minute. Yet, managing money with the future in mind is something that most of us consistently fail to do.
Granted, living in the present can be financially stressing enough not to want to bother with the future too. With the help of the blogs we presented here, and Modest Money, of course, you can learn how to balance your finances and have the best of both worlds.