May 2016

Safeguarding Your Retirement Nest Egg From The Taxman

“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… 

Insurance Considerations For The New Retiree

“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… 

Good News On Leisure In Retirement

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… 

Is Your Retirement Calculator Faulty?

“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… 

Making Some Green From A Graying Population

Sure, you know that people around the world are living longer, but do you know how to make money off this “global aging megatrend”? Today’s article highlights a recent report on this unprecedented demographic shift and its investment implications. What potentially lucrative investment opportunities exist in the areas of real estate and health care & technology, and how can you… 

Retirement Planning: Think About Cognitive Decline

When it comes to retirement planning have you given sufficient cogitation to your cognitive abilities down the road? Today’s article highlights a disturbing finding in this regard: “financial literacy tends to decline by about 1% per year after age sixty, but financial confidence remains the same.” As such, the author cautions that “with retirement, it is important to consider how… 

30 Tips For An Early Retirement

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”… 

Retirement Self-Sabotage: 4 Lies We Tell Ourselves

“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… 

Retirement Account Changes Roundup

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… 

Special Considerations For The Solo Retiree

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…