Category: money

Infrastructure, Health Care, Education Lead Iowa to No. 1 Best States Ranking

Add to things we should already know.

Iowa may be better known for its corn, caucuses and creative writing programs, but the Hawkeye Cyclone state also leads the nation in efforts to bring ultra-fast internet access to every city block and every rural acre.

Iowa’s No. 1 rankings in the infrastructure category and the broadband access metric within that came as a “pleasant surprise” to David Daack, a broadband consultant for Connected Nation, which does business in the state as Connect Iowa. Previous data reports have shown Iowa more in the middle of the pack.

“When people think of Iowa, they usually think of agricultural places that won’t necessarily need to be connected,” Daack says. “But given the big data needs of agriculture today and in the future, those areas are going to need to be every bit as connected as the urban areas. … You could almost argue that maybe we should go (to the farms) first and work our way back into the cities.

The full article is here.

Iowa direct link

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Surprise, Money Doesn’t Guarantee a Happy Retirement. Here’s What Does.

Their first item is ‘Reduce financial stress.’ Wouldn’t money do that?

Retirement might sound wonderful, but all too often the reality is disappointing. Some 28 percent of recent retirees polled by Nationwide Retirement Institute last fall said that life was worse in retirement than it was when they were working. It’s one of several surveys to find that, for roughly a quarter of retirees, life after work involves isolation and a loss of direction.

The article.

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50 Personal Finance Habits Everyone Should Follow

For the Son and/or Daughter.

Hopefully, you have a lot of good personal finance habits too. How many of these apply to you?

1. Taking advantage of your employer’s flexible spending account. These accounts not only reduce your tax liability, but they also act as a de facto quasi-savings plan.

10. Saving part of your income for retirement. Try saving at least 10 15 percent from every paycheck; it’s never too late to start.

12. Spending less than you earn every month. File this one under “D” for “Duh!”

23. Paying the bills on time. By doing so you’ll avoid spending money on needless late fees.

43. Negotiating whenever the opportunity presents itself.

Read them all here.

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The gig economy is a boon for boomer retirees

You should always have some side gigs lined up.

Craig and Kathy are a good example of retirees who are using the gig economy to supplement their retirement income. This is indeed a great employment strategy for millions of aging baby boomers approaching their retirement years.

If you’re in your 60s with modest retirement savings, it’s smart to delay starting your Social Security benefits and drawing down your retirement savings for as long as possible (but no later than age 70). Earning just enough money to cover your living expenses while letting your financial resources grow can significantly increase your retirement income when you eventually leave the workforce for good.

Read the rest here.

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