Submitted by Tom Orecchio on Thu, 09/18/2014 - 3:00pm
Retirement takes a lot of planning and decades of preparation. You’ve gathered assets, set up a home and perhaps raised children. Now is the time to enjoy all you have achieved. But as you move from the world of work into retirement, here are 10 key steps to take first.
1. Prepare a budget that takes into consideration typical monthly costs and your plan for big potential expenses (e.g., travel, home renovations, moving).
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 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.
Submitted by Larry Frank Sr. on Fri, 08/08/2014 - 12:00pm
Saving for retirement is one thing, spending those savings wisely another. One school of thought says you must withdraw consistently from your savings to simply avoid exhausting cash before you die. Another believes in adjusting withdrawals depending on changes in your later years. Which is right for you?
Submitted by Jeff Rose on Fri, 07/18/2014 - 3:00pm
You’ve probably seen dozens of lists of places to retire in, but they seldom focus on financial factors, which are important when you live off your savings.
Due to warm weather, beaches and the absence of a state income tax, locations in Florida are heavily over-represented on most such lists – I even included one here. But I took the liberty of assuming that not everyone wants to live out their golden years in the Sunshine State, and broadened the list to cover the country.
Submitted by Josh Patrick on Tue, 06/24/2014 - 3:00pm
You don’t want to run out of money before you run out of life. How much money do you need?
Great question. Here are others you want to answer along the way to saving for retirement:
How long will I live? Probably the hardest question in all of life – you have to think about your mortality and foresee advances in medical science. A life insurance company might tell you that at 65 you can expect to live about 20 more years. If you’re in good health that number is higher.
Submitted by Rick Kahler on Thu, 06/19/2014 - 9:00am
Want to increase your independence in retirement? Save money? Live safely in your own home? Then spend on goods and services that will enhance your comfort, safety and health. For instance, buy a new car.
No, this isn't a scam or a seedy sales pitch. In certain cases, a new car can be a wise use of your retirement dollars.