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If you don't have sufficient financial resources to retire, but also you can't work in your retirement years, either due to the inability to find work or for health reasons, what else can you do? Try the cheapskate solution.
What's the most you can spend of your nest egg each year in retirement and not run out of money? The fast answer you'll get from any financial adviser is 4% of your funds on the day you retire, increased each year for inflation. The beauty of this 4% solution is its simplicity: Once you've decided...
Three out of four Americans say they now favor safe and stable investments over anything risky. Seemingly safe investments actually pose a big retirement planning risk: Play it too safe today and your standard of living could be compromised decades from now.
Mix too much overtime with long commutes, the pressure of constant deadlines, office politics, and maddening work rules and bureaucracy, and you'll find all the reasons so many professionals, managers and office workers who have been working for decades fantasize about retirement. Unfortunately, most boomers don't have the financial resources to retire any time in the near future. So what can you do? Read here to find out.
Let's take a look at how different types of companies could be brought down by one bad day at the office.
The business of debt settlement is booming. Today there are over 2000 such firms up from only about a dozen a decade ago. But what debt settlement firms actually do is very different than the promise of debt freedom.
Paranoid fringe bloggers are afire with the notion that a Department of Labor initiative to add a guaranteed income option to 401(k)s is creeping socialism. But in fact, it could be a great idea.
Many people just don't get around to making smart, healthy choices. As a result, their retirement years most likely won't be as good as they would be if they could figure out how to choose with their rest-of-life in mind. So it's a good idea to pay attention to how you make decisions and stick to them.
The SEC issued a proposal that will require target date retirement funds to disclose more details about their asset mix in all marketing and ads. There's nothing wrong withe what's proposed, but it could have been a lot better.
Average just doesn't cut it when planning for retirement. Like the children of Lake Wobegon, assume you will turn out to be above average, at least in terms of how long you live. That's the surest way to make sure your retirement will indeed be comfortable and not packed with financial stress (for you, or your kids.)
The hottest retirement advice for Baby Boomers is Work Longer. It's the cure-all to whatever ails your retirement strategy. But is this popular retirement fix even practical? History suggests working longer is not exactly a slam dunk.
Unless you've been living in a cave for the past twenty years, you've heard about the importance of proper nutrition and exercise to achieve good health, and how that can potentially save you boatloads of money in retirement. We all know what to do, but how do you actually go about making important changes in your lifestyle? Here's one compelling story.
A new survey reports that one in five Americans over the age of 65 has been taken advantage of financially. That could be your parent. Isn't it time you and your parents started working together to make sure they don't become a victim?
It amazes me that leasing continues to be pushed as the best option for car buyers....and in this situation, the comparison is not even close.
Politicians may push to reduce the retirement benefits for public employees.
