Posts by Rosemont Advisors

4 Habits of Billionaires That You Should Follow

Posted by on Aug 18, 2015 in Articles, Uncategorized

While it’s unlikely that you or I will ever be a billionaire, there are some things we can learn from how the richest of the rich live their lives. When examining the investing, spending, working, and lifestyle habits of billionaires, it becomes apparent that there are some common factors. We asked four of our writers to shed some light on billionaire habits that you can implement in your life, and here is what they had to say. Dan Caplinger: One key trait most billionaires share is that they are willing to take on what many would consider to be huge amounts of risk in order to achieve...

Read More

The Biggest Social Security Mistake Women Make

Posted by on Aug 13, 2015 in Articles, Uncategorized

Is 62 too young for women to claim Social Security? That is the age at which both women and men are allowed to claim, and sure enough, 40.8 percent of the women who were newly awarded Social Security retirement benefits in 2014 were aged 62. Some 65 percent were below their full retirement age, typically 66. And just 2.8 percent of the women were 70 or older, the age at which they receive their maximum Social Security retirement benefits, according to Social Security Administration data. Often, both women and men reflexively claim Social Security when they retire. “People don’t...

Read More

Students Are Clueless About Financial Aid and It’s Costing Them A Lot of Money

Posted by on Aug 6, 2015 in Articles, Uncategorized

Planning for the unknown is hard. But when the “unknown” is how much college will cost and how to pay for it, experts say some students become so discouraged they never even apply. That’s why the findings in a report out today from the New America Foundation are concerning: Nearly a quarter of prospective students surveyed said they were unsure whether they’d receive financial aid, even though nearly nine out of 10 said the cost of college or availability of aid were important factors in deciding which school to attend. The report, “Familiarity with Financial Aid,” is part of a series of...

Read More

5 Reasons Not to Retire Early

Posted by on Aug 4, 2015 in Articles, Uncategorized

Even if you have enough money, there are other reasons to delay retirement. Early retirement is a long-term goal that requires discipline and perseverance. But hitting a desired number in your retirement accounts doesn’t mean you are ready to walk away from your job. If you focus only on the finances you might end up surprised when retirement isn’t what you thought it would be. Here are a few reasons not to retire just yet, even if you have saved enough to quit the rat race early. You don’t know what you will do after you quit. If you don’t have a plan for how you...

Read More

The 4 Most Important Money Issues That Determine Your Financial Health

Posted by on Jul 28, 2015 in Articles, Uncategorized

We often hear that Americans need to save more money or plan better for retirement, but what does it mean to be financially healthy? Personal finance can be a difficult subject to discuss since everybody’s financial situation is different — hence the word “personal.” However, new research shows that there is just a handful of elements needed to establish your financial well-being. The Consumer Financial Protection Bureau (CFPB) recently polled people across the country to hear what they had to say about financial well-being. While savings and income levels play a significant part, they are...

Read More