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In Retirement, Olympic Gold-Medalist Michael Phelps Is a Mental Health Advocate

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We want to move forward,” Phelps, who retired from swimming after the 2016 Olympics, tells SUCCESS. “We I pick up small things here and there.”. Over the last few years, I feel like I’ve gone through ups and downs. The less negativity we have in our lives every day, it sets us up to have a chance to succeed.”?.

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3 Steps to Take Before Going Into Business for Yourself

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As the world begins to open back up, many of us hesitate to give up this flexibility. A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. Additionally, many companies offer a retirement plan and match employees’ contributions.

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4 Smart Money Moves to Plan for Financial Security

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Besides all the external factors that have essentially set them up for, well, failure (think the Great Recession and the COVID-19 pandemic), only 16% of millennials can be considered financially literate, according to George Washington University’s Global Financial Literacy Excellence Center. Start a retirement plan.

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How to Recover Financially From a Gray Divorce

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Their study found that the divorce rate from 1990 to 2021 increased by three times among those aged 65 and older. While divorce can be financially disruptive at any age, the stakes are higher among this age group, which is closer to or is already living in retirement. They’ve been planning [for] retirement as a couple,” Hetrick says.

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What Leslie Jordan’s Legacy Can Teach Us About Pivoting to a Third Act

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Movies typically follow a three-act structure: the set-up of our hero, the confrontation they face, then the resolution. Jordan sadly passed away this month at age 67, but among the legacies he leaves is this: It’s never too late to pivot to your next act or career, and one need not wait until retirement to explore a new passion.

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What Is a Brokerage Account and Do You Need One?

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They function similarly to a retirement account, like a 401(k) or Roth IRA, but instead of being tax-advantaged, as the retirement accounts are, brokerage accounts are taxed as income under capital gains. . 0055) in interest (as of July 19, 2021). That is obviously a much better rate of return on investment.

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These Top 10 Celebrity Franchise Owners Are Winning Outside the Limelight, Too

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Drew Brees The former NFL quarterback scored a touchdown in retirement with his investment in multiple franchises. With a reported net worth of about $160 million, the retired New Orleans Saints star invested in the fitness-focused Stretch Zone, the healthy-foods-focused Everbowl, Dunkin’, Happy’s Irish Pub and Walk-On’s Sports Bistreaux.