How To Build a Dividend Growth Portfolio for Growing Retirement Income

This is a guest contribution from Ben Reynolds at Sure Dividend. Sure Dividend uses The 8 Rules of Dividend Investing to systematically build high quality dividend growth portfolios.

Sean at One Smart Dollar recently laid out 3 scary facts about social security cuts in retirement:

  1. The social security fund is expected to be depleted around 2033
  2. Once the fund runs dry it can (in theory) only pay out what is being currently paid in
  3. This means retirees will only receive about 75% of promised benefits

To put it plainly, this is not good.

The politics of social security are beyond the scope of this article. Instead, this article focuses on what to do about it.

What To Do About Potential Social Security Benefits

You can put your head in the sand and hope that social security benefits do not decline, or you can take action.

There is a specific type of investment that is uniquely suited to retirement (and preparing for retirement) portfolios.

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Avoiding the Homebuyer Blues: Understanding the Need for a Home Inspection

It seems inconceivable that you would buy something expensive without inspecting it or checking out the details first, before parting with your cash, but there are an alarming number of homebuyers who make the biggest purchase of their life, without getting a survey beforehand.

When you use conveyancing solicitors, they will find out about any legal issues that you need to be aware of related to the property you are purchasing, but it is your responsibility to arrange a survey to see if there are any major defects that would affect your decision to go ahead with the transaction.

Are you prepared to gamble?

It seems that many hundreds of thousands of homebuyers will complete on the purchase of their new home in the next twelve months, without even finding out whether the property that will be their home, is actually in a good state of repair or not.

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Tips for Reducing the Costs of Raising Your Child

by Sean Bryant on May 15, 2016

Tips for Reducing the Costs of Raising Your Child

There is likely no greater joy in the world than becoming a parent. Whether planned or unexpected, bringing a little person into the world comes with a lot of responsibility. While most of that responsibility falls under your ability to nurture, guide, and support your child, there is also an increased financial responsibility. From nursery equipment and clothing to childcare services and schooling, there is a lot you’ll need to afford.

On average, it can cost as much as $200,000 – $300,000 to raise a child from birth to the age of 18. Unless you’ve got a serious savings account, you’re going to need to allocate the funds to provide your child with what they need. Of course, this is not to stress you out. Keep in mind that this is the cost over the course of 18 years so you don’t need it all upfront. However, being aware of the costs can essentially help you to find ways to cut back while still giving your child everything they need.

Buy Used

Your children are constantly growing, evolving, and will eventually begin to wreak havoc on some things (like clothes, toys, and whatever else you purchase for them). You’ll find that while it might seem feasible at the time to purchase high quality products, that it is not always necessary. For example, purchasing a top of the line crib is pointless when most parents don’t utilize the crib and allow the kids to sleep with them.  Just as it wouldn’t make sense to purchase designer clothing for a newborn when they’re going to outgrow it in a week.

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5 Ways to Get out of a Car Lease Without Penalties

After leasing what you thought was your dream car and driving it for a year or two, you may realize you have fallen out of love with the vehicle.

Maybe you’re paying more than you really can afford, or perhaps the vehicle gets lousy gas mileage or is always in the shop getting repaired.

No matter the reason, you are ready to end your relationship — and hopefully your lease — with your car. The only problem with this scenario is that getting out of a car lease early typically leads to massive fees and penalties.

Fortunately, there are some ways to navigate the system without having to pay the piper. Check out these ideas:

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3 Reasons Personal Loans are Better Than Credit Cards

Most people don’t think twice when whipping out their credit card to pay for something. What most don’t realize is that there are certain instances when taking out a personal loan is actually a more cost-effective way of paying for something, especially larger purchases.

Here are three of the main ways a personal loan trumps a credit card.

Lower Interest Rates

The main reason a personal loan beats a credit card are the interest rates. Credit cards are notorious for their sky-high interest rates. The current national average APR (annual percentage rate) sits at 15 percent. Unsecured personal loans range between 6 and 35 percent. Bear in mind that unsecured loans are easier to get because they do not need collateral, and therefore, put the lender at greater risk, so rates can sometimes be high. Secured loans which ask for some form of collateral, such as a car or house, generally have lower rates. The rate you will qualify for, whether a secured or unsecured loan, depends on your credit score, income, and overall debt usage. If you have a clean credit record, you could enjoy interest rates of as little as 6 percent, lower than most credit cards.

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Avoiding IRS Scams: What Every Taxpayer Needs to Know

May 3, 2016
Avoiding IRS Scams: What Every Taxpayer Needs to Know

The only two things that are certain in life are death and taxes. Or are they? We think we should actually add a third thing to that list: tax scams. Since everyone knows that we are all at the discretion of the tax man, there are many unethical people out there who are waiting to […]

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5 Household Items to Invest In

April 27, 2016
5 Household Items to Invest In

Owning a house puts a financial strain on your budget. The running costs of a home consist of its everyday functions, including lighting a room, washing your clothes, keeping a pleasant interior temperature and doing routine maintenance. Every household item you use on a regular basis should be one that lasts. Your most-used items should […]

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