Retirement Planning

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Why Boomers’ Grim Outlook?

Submitted by Ray Ferrara on Friday, May 15, 2015 - 9:00am

Why do baby boomers face such dispiriting retirement prospects? The enormous size of this age cohort, born between 1946 and 1964, led to a ratcheting back of old-age benefits. Statisticians figured society simply couldn’t afford to be as generous.

Risk of Helping Grown Kids

Submitted by Josh Patrick on Friday, May 22, 2015 - 12:00pm

You saved your entire life for the day you can retire. You brought up your children and you hope that they enjoy productive lives. Unfortunately, one of your children never seems to grow up: dropped out of school, continually got into trouble. You feel you must keep helping this kid – but can you afford to?

IRA Rollovers: Tighter Rules

Submitted by Jeff Rose on Monday, May 18, 2015 - 3:00pm

We often hear the term rollover in connection with retirement accounts. One frequent type of rollovers occurs when you leave a job and roll your 401(k) over to an individual retirement account or a Roth IRA. But beware: The rules just got more restrictive.

3 Retirement Savings Choices

Submitted by Jim Blankenship on Friday, May 15, 2015 - 12:00pm

We’ve all been there: scratching our heads wondering what to do with all the retirement savings accounts. Too many choices can be overwhelming, until you step back and realize that there are actually only three questions. Once you know this, starting to make decisions becomes much easier.

Retirement Drawdown Tips

Submitted by Gary Brooks on Thursday, May 14, 2015 - 3:00pm

Your financial life, like climbing a mountain, does not end when you reach the summit, your retirement. Getting down safely, or making your retirement income last, requires a set of different strategies. How can you withdraw your money without depleting it?

A Winner in Investing

Submitted by Lon Jefferies on Monday, May 11, 2015 - 12:00pm

Many people are reluctant to invest because they don’t want to be on the losing side. They forget that the purpose of investing is to meet a need: financial security in retirement. You win as long as you achieve this personal goal.

Planning to Survive Disaster

Submitted by Joseph A. Clark on Thursday, May 7, 2015 - 12:00pm

Great financial planning requires you to employ two contrasting skills: Focus intently on your end objective, whether a comfortable retirement or a certain net worth; yet remain flexible for the inevitable bumps in the road. How can you balance the two? What financial tools can help you most?