Submitted by Lewis J. Walker on Tue, 10/01/2013 - 9:00am
In the autumn of 2008, the financial crisis engulfed the world. The collapse of the Lehman Brothers investment firm touched off the catastrophe. What have we learned over the past five years? One lesson is to be cautious. But that is not enough for our investments to prosper.
Submitted by Lon Jefferies on Fri, 09/27/2013 - 9:00am
Target date funds, increasingly popular since the 2008 market downturn, are not the panacea that some think. Their cookie-cutter approach to allocation may not fit your particular post-work picture. You may need other income sources to supplement them when you retire.
Submitted by Claire Emory on Mon, 09/23/2013 - 3:00pm
How can you be sure your child gets the most out of a college? A few suggestions from a noted academic: Check out what the college offers in student guidance, don’t pay 100% of the tab and set firm expectations for your kid.
You may be concerned about finding a way to afford your child’s college tuition while you must save for your own retirement. We financial planners know sometimes it’s hard to strike a balance between your future and your child’s. All the more reason to spend wisely on college.
Submitted by Sophia Bera on Thu, 09/19/2013 - 12:00pm
The further the goal, the harder for us to see it. Retirement seems distant indeed to many investors and savers, especially young adults just beginning lifetimes of perhaps record length. Procrastinating and even assuming, as the young sometimes do, that you’ll never need retirement money threatens your future.
Submitted by Rick Kahler on Fri, 09/06/2013 - 3:00pm
Yes, there are good things about being old, such as increased happiness, less stress, better marriages and deeper friendships. You seldom hear that: People tend to focus on the negatives of aging.
How old is “old”? I don't know exactly, but after my recent birthday I can say that it's much older than 58. My 12-year-old son told me, “Dad, I’ve always thought of people who are over 60 as being really old. I don’t think of you as really old, so guess I will need to redefine what is old.”
Submitted by Larry Frank Sr. on Fri, 09/06/2013 - 12:00pm
Social Security officials often encourage starting benefits as soon as you are eligible. But they can’t counsel you on filing strategies. Convenient for them but inconvenient for those who don’t know the ins and outs of filing and may file too early in life.
If you or someone you know started benefits early, strategies exist to still enhance monthly benefit checks or even let the recipient take a job without losing benefits. Knowing the filing rules helps maximize retirement income.
Submitted by Roger Wohlner on Thu, 08/29/2013 - 3:00pm
Your 30s and 40s are when you lay the groundwork for your retirement. As far-off as that may seem, you owe it to yourself and your loved ones to start preparing now.
Many of the calls that I receive are from folks in their 50s or 60s who are either within sight of retirement or already retired. Many of these callers are pretty well-prepared for retirement and seek my help to fine-tune their situation, or to help them through this next phase of life.