When most people reach the age of 50, they start thinking about retirement. At this age, you need a strategy in place about housing, working and income before retiring. For instance, should you pay off the mortgage, or sell your house and downsize to a smaller home? Similarly, income during retirement is a vital consideration, because Social Security will probably not cover all your needs. Even $1 million may not be enough in a retirement account, assuming you follow the 4% withdrawal rule. If y
U.S.-based money transfer firm Western Union Co, announced an agreement Wednesday with South American e-commerce giant MercadoLibre to send digital remittances to Mexico, which have become a lifeline for the weakened local economy. The partnership will allow families abroad to send money through Western Union, while those in Mexico can collect the payments through Mercado Pago, MercadoLibre's digital finance arm, the two companies said. "The amount of time we save people who don't have to go to a physical location to pick up the remittance, we think that's an important advantage, and... you don't have to carry that cash from one place to another," said Pedro Rivas, director of Mercado Pago in Mexico.
Buying quality retirement stocks can provide both safety and growth to keep savings goals on track AbbVie (ABBV): With revenue concerns abating, it’s time to take a fresh look at this dividend king. Amgen (AMGN): This biotech giant has an ideal combination of in-market products and products in its pipeline. Apple (AAPL): Make this tech giant prove that the bears are right before abandoning its stock. Dollar General (DG): Inflation and a weakening economy will help keep the revenue coming. Wester