Retirement – Page 3

Is Your Road To Retirement Poorly Mapped Out?

Can you imagine going on an extended vacation without making any plans? No websites or tour guides consulted. No hotel reservations made. No itinerary mapped out. Of course not. If you wanted your vacation to be a success, you’d budget enough money to cover your costs. You’d know when you were going, how long you… Continue reading Is Your Road To Retirement Poorly Mapped Out?

Are You Forgetting Something Essential for Retirement?

Most people have some kind of lifestyle vision for retirement. Unfortunately, without proper planning their dreams won’t always become a reality as they enter the encore time of their lives, says Michael Bivona, a certified public accountant who retired almost 20 years ago. “I had a simple plan: When I stopped working I planned on… Continue reading Are You Forgetting Something Essential for Retirement?

Money Isn’t The Only Thing You Need in Retirement

It’s the dream retirement many people anticipate for decades. Hang out around the pool all day. Play one round of golf after the other. Finally read that teetering stack of books on the nightstand. In retirement, every day is Saturday – only without the dread about what Monday morning back at the office might bring.… Continue reading Money Isn’t The Only Thing You Need in Retirement

How To Survive Retirement In A Pension-less Society

Most people nearing retirement have had to adapt to a changing world along the way. At one time, retirement rested on what financial professionals like to refer to as a three-legged stool – Social Security, savings and a pension. That stool went wobbly, though, when most private-sector pensions began to disappear. Years ago, the idea… Continue reading How To Survive Retirement In A Pension-less Society

What You and Your Financial Adviser Are Missing

Imagine a person who has invested a hefty sum of money and is in dire need of assistance managing that investment. And imagine that person’s financial advisor saying he or she can do little or nothing to help. For many Americans who are saving for retirement, that scenario is a reality. “A huge chunk of… Continue reading What You and Your Financial Adviser Are Missing

3 Habits Successful Retirees Have That Are Worth Imitating

Americans are increasingly glum about the odds they will enjoy a secure retirement, and those concerns flow across generational lines. New research by the nonprofit Transamerica Center for Retirement Studies reveals that 45 percent of Baby Boomers expect to experience a reduced standard of living in retirement. Meanwhile, 83 percent of Generation X workers anticipate… Continue reading 3 Habits Successful Retirees Have That Are Worth Imitating

7 Important Steps to Take in the Year Before You Retire

You wouldn’t dream of running a marathon without undergoing months of training. Or heading into the wilderness without making sure you have adequate provisions. Or betting your life savings on a business venture you haven’t thoroughly researched. But when it comes to entering retirement—when a failure to plan can have devastating consequences—a surprising number of… Continue reading 7 Important Steps to Take in the Year Before You Retire

How to Boost Social Security Benefits for Surviving Spouses

When the surviving spouse is older than age 70, the Social Security claiming regimen is simple. But it’s trickier if the surviving spouse is younger. The recent crackdown on Social Security claiming strategies used by married couples left widows and widowers unscathed. Surviving spouses can still mix and match benefits to boost lifetime income by… Continue reading How to Boost Social Security Benefits for Surviving Spouses

How To Have Fun During Retirement (Keep Working!)

What do school kids and retirees have in common during these dog days of summer? For many, it’s having lots of time and not knowing what to do with it. But that comparison begins to breakdown almost immediately, because in a few short weeks, kids go back to school, but retirees have an indefinite amount… Continue reading How To Have Fun During Retirement (Keep Working!)

Five Ways to Start Preparing for Retirement

The “Greatest Generation” experienced the burgeoning of government and corporate pension and health-care plans post-World War II, but baby boomers and later generations are facing the severe compromise of those benefits. While thousands of boomers reach retirement age every day, they will continue to take on more responsibility for providing income for their essential living… Continue reading Five Ways to Start Preparing for Retirement

The 6 Most Costly Retirement Plan Mistakes

The percentage of Americans who won’t have enough money in retirement has barely budged in several years despite rising stock and real estate markets. “That means far too many folks are going to be forced to choose between putting food on the table and paying for the medical care they need,” Pamela says. How is… Continue reading The 6 Most Costly Retirement Plan Mistakes

Why Your Retirement Plan Is Bigger than You

The big story in financial planning has been and will continue to be affording retirement, which makes ample sense with the retirement of tens of thousands of baby boomers expected every week for several consecutive years. For boomers, many of whom have little to no retirement plan in place, affording retirement may be their generation’s… Continue reading Why Your Retirement Plan Is Bigger than You

Don’t Have A Cookie-Cutter Retirement Plan

If you’re 10 years out from when you expect to retire, then now is the time to get serious about a retirement plan, says Kirk Cassidy, a Registered Investment Advisor (RIA) who emphasizes the importance of the holistic approach to personal finances. “No matter what stage you’re in, there’s never a bad time to take… Continue reading Don’t Have A Cookie-Cutter Retirement Plan

What If Your Retirement Money Hits Bottom?

Wall Street hasn’t been for the faint of heart lately. Jittery investors saw the volatile market play havoc with investment portfolios. But while the ups and downs may have created anguish for some, financial planner Bryan S. Slovon says he fielded few if any calls from nervous clients. And that’s the way it should be… Continue reading What If Your Retirement Money Hits Bottom?

Why Health Care Costs Could Be Your Retirement Plan’s Weakness

A majority of affluent older Americans who are nearing retirement share the same concern – that health care costs could strike a blow to their retirement plans. In fact, 63 percent of them choose the word “terrified” to describe how they feel about the subject, according to an annual Nationwide Retirement Institute survey. But while… Continue reading Why Health Care Costs Could Be Your Retirement Plan’s Weakness

3 Ways Retirees May Benefit Financially From Embracing Technology

While millennials can remember all the way back to their MySpace days, baby boomers may remember their family’s first color TV and “The Greatest Generation,” those American-s who fought World War II, may remember a time before their home had a telephone. But don’t let the disparity of technological upbringing fool you. Today’s technology is… Continue reading 3 Ways Retirees May Benefit Financially From Embracing Technology