Submitted by Josh Patrick on Wed, 08/27/2014 - 12:00pm
It’s no secret that the secret of staying young is keeping your mind active and engaged. But as a retiree, removed from the world of work and with loads of time on your hands at home, how do you do that, exactly?
I have the pleasure of working with several people in their mid-70s, who are among the most interesting and engaging people I ever met.
They stay young by keeping their mind and body busy. These people always think of new ways of keeping their interests fresh. I hope that as you get closer to retirement, you can do the same thing. Some tips:
Submitted by Eve Kaplan on Fri, 08/22/2014 - 12:00pm
If you’re a single woman, your financial planning needs exceed those of the average couple or single man. Why? You will live longer than the average man but typically with less money (aka longevity risk). What can you do to protect yourself?
Women on average are more receptive to professional financial advice than are men – a positive, since professional guidance from an objective planner can brighten financial prospects immeasurably.
Submitted by Wes Moss on Wed, 08/20/2014 - 12:00pm
People who feel more secure about their finances are more likely to be happy in retirement, a survey by Northwestern Mutual Life Insurance shows. If you don’t want to fall into the unhappy retiree camp, or even worse, not have retirement as an option, learn to avoid the pitfalls, and start saving today.
Submitted by Jim Blankenship on Fri, 08/15/2014 - 12:00pm
Beginning in 2013, you could roll over all your standard 401(k) funds to a Roth account in the same retirement plan. But such a move may not be good for you. While the upside of a Roth is tax-free money in the future, converting creates an extra tax burden today.
Submitted by Dan Crimmins on Fri, 08/15/2014 - 9:00am
Coming of age and entering the workforce in the wake of a financial crisis, our younger generation became skeptical about investing. But the fact is, millennials need to invest as the stock market is one of the best ways to grow wealth long term.
Submitted by Jeff Rose on Thu, 08/14/2014 - 3:00pm
Retiring before age 65 remains the dream of many Americans. Our first article looked at your personal obstacles to early retirement, such as how you save. Here are more potential roadblocks to starting your golden years ahead of time.
Submitted by Liz Niehaus on Wed, 08/13/2014 - 3:00pm
Early summer’s cap and gown now hang in the closet and you just hope your suddenly grown child is ready for real-world financial challenges, from debt to saving for a remote retirement. Now more than ever, you can teach your kid many key money lessons.
Submitted by Eve Kaplan on Wed, 08/13/2014 - 12:00pm
Today’s retirement may look nothing like your parents’ or grandparents’. People live longer, benefits grow thinner, and health-care costs rise. Review your financial situation and start planning early so that this new retirement doesn’t catch you unprepared.