Filed under: Retirement, Insurance – Car Insurance, Insurance – Life Insurance, Insurance – Home Insurance
Baby Boomers hit a big milestone this year: the oldest will be hitting 65, what was once called the Golden Years. For the next 19 years, 10,000 of them will mark this big occasion every day, according to Pew Research Center.
Filed under: Retirement, Insurance – Car Insurance, Insurance – Life Insurance, Insurance – Home Insurance
Baby Boomers hit a big milestone this year: the oldest will be hitting 65, what was once called the Golden Years. For the next 19 years, 10,000 of them will mark this big occasion every day, according to Pew Research Center.
Filed under: Retirement, Saving Money, Retirement Advice
Why aren’t we saving more money?
Filed under: Retirement, Saving Money, Investing, Retirement – 401(k)
Part of planning for retirement is a math exercise — figuring out how much money you have, how much you need and how to best save enough to build a big enough nest egg before you hang up your work boots.
Filed under: Retirement, Saving Money, Investing, Retirement – 401(k)
Part of planning for retirement is a math exercise — figuring out how much money you have, how much you need and how to best save enough to build a big enough nest egg before you hang up your work boots.
Filed under: Retirement, Retirement Advice
It was too good to last. For years, I (and every other financial expert on the planet) was able to tell people that they could tap Social Security at age 62, pay the money back later on – no interest required – and draw a higher payout years down the road. It was perfect. In effect, a no-cost loan from the government, making up for all those years you let Uncle Sam hang on to more of your tax dollars than he was entitled.
Well, those days are gone – or at least they’ve been minimized. New rules from the Social Security Administration put a cap of a single year on the amount of time you have to apply, pay back and apply again. It’s not worth the trouble. But strategizing to get the most you possibly can from Social Security – a key part of most retiree’s paychecks – is worth more time and energy than many people give it. Here are a few tactics to keep in your back pocket: (Continue the story…)
Filed under: Retirement, Saving Money, Wealth, Retirement Advice
Living off a retirement nest egg can be a daunting prospect. Even if you’ve saved diligently, converting that money to a monthly paycheck is no slam dunk.
Filed under: Retirement, Retirement Advice
As we’ve pointed out recently, many Americans aren’t making the right choices when it comes to being financially ready for retirement. A combination of misinformation and an unwillingness to confront sometimes difficult, expensive realities make it all too easy to just ignore our looming financial needs.
Unfortunately, those needs are likely to grow rather than go away, so we need to be ready and have a plan if our retirement years are to be economically comfortable. If you’re at all confused about just how much you should be saving for retirement and which financial products for retirees will help you get there, read on to find out where Americans who are nearing or already in retirement should focus their resources — and where they should skip. (Continue the story…)
Filed under: Retirement, Saving Money, Insurance – Life Insurance, Retirement Advice
It’s no secret that men and women communicate differently, but experts say these differences even carry over into how men and women approach — and talk about — retirement planning. For instance, a recent Country Financial survey showed that while men are more likely to say that communication about retirement budgets gets easier the closer they get to retirement age, women tend to say these discussions get harder.
Filed under: Retirement, Fraud, Identity Theft, Consumer Ally
Sure, you keep your Social Security number confidential. However, according to researchers from Carnegie Mellon University, it’s possible for crooks to guess most of the digits in the Social Security number of many Americans using publicly-available information.