“They don’t have a clue.” This is what one certified financial planner and investment advisor declares in today’s article about people planning for taxes in retirement. In light of the fact that hefty tax bills in retirement can dramatically increase the odds of retirees – even those who saved prudently – running out of money, the author goes on to…
“Whether you plan to travel the world, run marathons, serve your community or spend more time with family, retirement will bring radical changes in the ways you spend your time. And whenever life changes, so do the risks you face — which means retirement is a good time to look closely at your insurance coverage.” Today’s article outlines a number…
With all the reports about Americans being largely financially unprepared for retirement, and the negative consequences that could have on their golden years, how about some happy retirement news? Today’s article highlights findings from a new Merrill Lynch/Age Wave report on retirement “showing that retirees are generally having loads of fun in their unstructured life, regardless of their income.” What…
“Many people use retirement calculators to estimate whether they’re on track, but even the best calculator is subject to the universal rule of computer programs – garbage in, garbage out.” Today’s article outlines several common mistakes people make when assessing their financial preparedness for retirement that might produce a deceptively rosy picture of how on-track they are. By how much…
Despite a recent study finding that retiring later might help lengthen one’s life, you may still be looking for ways to retire early. Well today’s article has 30 of them! Specifically, the article outlines 30 “tips to amp up your retirement savings, cut spending and find extra sources of income” in the aim of helping to make the “pipe dream”…
“We like to think it’s things beyond our control – job layoffs, market downturns, big unanticipated expenses – that undermine our planning efforts and make achieving a secure retirement such a challenge. But the truth is we often inflict the most serious damage on our own by deluding ourselves into believing we’re making reasonable decisions when we’re not.” Today’s article…
Much has been written over the last several weeks about the big change in the world of retirement planning – the fiduciary standard which will require financial advisors making retirement investment recommendations to act in their clients’ best interests. However today’s article points out that, in addition to this new standard, “there have been several other tweaks to [retirement] accounts…
Planning for a secure retirement is daunting. Planning for a secure retirement when you are single comes with its own additional concerns and anxieties. As such, in today’s article the author outlines three considerations for the solo retiree that may be “a good start to feeling better about facing retirement decisions all by yourself”. What sales pitch for financial products…
Aiming for an early retirement? You might want to reconsider. Today’s article outlines the findings of an Oregon State University study, which indicate that retiring after age 65 may help lengthen one’s life: “The risk of dying from any cause over the study period was 11% lower among people who delayed retirement for one year – until age 66 –…
“Most baby boomers do not have much in common with professional athletes on the playing field, but when it comes to financial planning, they might consider thinking like one.” Today’s article outlines two key ways in which baby boomers might be wise to think like athletes when it comes to their retirement savings. What can baby boomers learn from athletes…