Retirement Planning

Lower Taxes in Retirement?

Like many, you might think, “Why save so much for retirement when my taxes will be much less?” This supposed truth is a myth, a recipe for financial disaster in your golden years.

Changes for Inherited IRAs?

Relationships and finances confuse you enough already. Then your spouse dies. During a hurricane of emotions you must make tough decisions about such money matters as individual retirement accounts – amid ever-changing rules about money available to you from a spouse’s IRA. By this summer, the rules might change completely.

Newlywed Protection

The ceremony is over. Mom and dad paid the tab for the wedding, you are back from the honeymoon, you wrote your thank you notes. You are settling into a married routine midst the glow of newness. Time to think about financial planning? You bet.

Simplifying Retirees’ Portfolios

You can go crazy – or worse, invest badly – when all the world’s financial news is a few clicks away. The complexity can be overwhelming. That’s why, in portfolios as in life, think about when and how simple is best.

Warren Buffet, the most recognized and successful investor of our times, recently discussed provisions in his will – specifically how his final instructions are simple and clear.

Maximizing Social Security

As you examine financial risks to your retirement, there is a right away and a wrong way to look at Social Security. The wrong way: I need to get the money as soon as I can because I paid into the system and deserve it. The right way: I need to get the most over the long haul. Here’s how to receive the maximum from Social Security.

Combating Financial Risks

What are the risks you face in living a comfortable retirement? And what can you do to combat them? A single-premium annuity and wisely managed Social Security are two remedies. First, though, you need to scope out the risks that can bring you to grief.

Are You Your Family’s Bank?

Your open heart and your destitute relatives can combine to threaten your retirement savings – savings you soon may need. Learn the true cost to your future before you write that well-intentioned check.

If you’re a baby boomer on the other side of 50, patterns are emerging about how you spend your money – including assets you set aside for retirement. Merrill Lynch recently co-released “Family & Retirement: The Elephant in the Room,” a study of boomers’ contributions to family finances.

How to Maximize Retirement $

Your quality of life in your last years depends on your retirement savings, such as your 401(k). Such plans give you the best means to bringing you the wealth you will need. But many investors haven’t a clue how to navigate them.

Your 401(k) or other retirement plan from your employer is your most valuable retirement savings resource – if not your only one. To make use of these tax- advantaged plans to save for your golden years:

How Good Market Years Hurt

Good market runs are misleading. Too often, investors mistakenly think a top-performing year entitles them to refrain from putting away money the following year. These folks are cheating themselves.

If invested in the stock market in 2013, you saw a nice return on your investments. An amazing year for investors: The Standard & Poor’s 500 rocketed up 29.4% while the Dow Jones Industrial Average rose 23.6%. It’s easy to lose your investing head amid those numbers.

Cheap and Easy Travel via RV

When I ask people what do they plan to do when retired, the answer often is: “See new places.” A good and affordable way to do that is becoming a part-time or full-time RVer.

In my experience, the No. 1 activity most people look forward to when they retire from earning an income is travel. Seeing the world has never been easier. True, air travel is rarely easy or pleasurable, and it can be expensive. With a little planning and work, though, travel can fit easily into many retirees’ budgets.

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