“There’s a whole world out here of unique experiences so if you can think there’s another way to live beside the 9 to 5 (and) if you can take the tremendous wealth and income opportunity that the U.S. has and instead of buying stuff and experiences in the short term, you can use it to buy freedom.” Today’s article highlights…
Are you on track to have enough money to fund your desired lifestyle in retirement? Today’s article outlines four methods used by the experts to make this determination and identifies which methods are best depending on how far away one is from retirement. Which method does the author state is “perhaps the most accurate way to determine whether you’re financially…
“When the Obama administration released its new investing regulations aimed at protecting retirement savers from conflicted advice, its name – “fiduciary rule” – doubtless flummoxed some. But behind the clunky term are new standards that could give you clearer information when making decisions about your retirement nest egg.” Today’s article lays out how the new “fiduciary rule” will impact the…
“Wall Street is in love with dividend stocks — maybe too much in love. In fact, dividend-paying stocks have performed so well in 2016 that many are starting to look pricey. That means that retirees, in particular, need to be careful about which dividend payers they’re buying if they’re trying to both protect and grow their nest egg.” Today’s article…
“Millions of Americans already are facing tough financial challenges when it comes to retirement. But we’ve only seen the tip of the iceberg if life spans really begin to lengthen.” Today’s article examines what will be required of people in order to ensure a secure retirement if life expectancies rise considerably. Here’s what the author has to say: “The affordability…
What percentage of Americans are “very confident they’ll have enough money to live comfortably throughout their retirement”? According to the survey cited in today’s article – conducted by the Employee Benefit Research Institute – that number is just 21%, a number that “hasn’t changed all that much in the 26 years EBRI has been tracking retirement confidence.” As such, the…
“When it comes to retirement plans, 401(k)s are like vehicles. Some of them are set up to get you to retirement with all the money you need while others will leave you stranded.” Recognizing that “the flaws in retirement plans are difficult for most people to see” and that these flaws “can have catastrophic effects” in terms of coming up…
“Working after retirement may be an oxymoron, but it’s a trend that continues to gain steam… While financial concerns are often the motivator, for many retirees the decision to pursue an encore career is more about passion than paycheck.” Today’s article outlines several dos and don’ts for those looking to pursue an “encore career” in retirement. Do? Focus on certain…
“Retirement is a major milestone that brings many life changes. One thing that doesn’t change for most people: the fear of running out of money.” In fact, today’s article cites a recent survey finding that “the most frequently reported retirement worry is outliving savings and investments.” As such, the author examines 12 ways in which one could, in fact, go…
“Retirees have special concerns when evaluating state tax policies: Are Social Security benefits taxed? Does the state impose its own estate tax? Are there property tax breaks for seniors? The answers can greatly affect the financial well-being of fixed-income retirees.” Today’s article identifies the 15 states that impose the highest taxes on retirees based on Kiplinger’s 2015 analysis. To find…