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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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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.

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3 Financial Tips to Consider Before Pursuing Your Passion Full Time

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Most conversations about investing tend to focus on retirement planning and thus a lot of attention is paid to 401(k) and IRA accounts. But if you’re years away from retirement, you may need access to funds that aren’t tied up in a tax-deferred account or sitting idle in cash like an emergency fund.

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Why You Should Start Your Own Business Today

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Since joining the company eight years earlier, he had worked his way up to a solid position in middle management with a decent salary and great benefits. in 2021, nearly 13 million more than the year prior. But make no mistake about it: What you save in cash capital you will make up for in sweat equity and passion.