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In March, Fidelity Investments issued its annual Retiree Health Care Costs Estimate, which found that a 65-year-old couple retiring in 2010 would need $250,000 in the bank to pay for all future medical expenses. This is just one more reason to make the lifestyle changes you probably already know you should be making.
Another retirement preparedness study . . .another gloomy prediction of our shortfall? Not so fast. In the latest bad-news release is the good news that a few well-placed tweaks to your retirement plan today can in fact go a long way to closing any retirement fund gap. Here's how.
Your tax benefits from making a donation of appreciated stock versus giving cash can be substantial. And the organization will be just as happy to receive the stock instead of cash.
This is almost getting too easy. Just last week the world appeared to be at the brink of its second financial meltdown in 20 months. The debt crisis in Greece was going to spread to Spain and Portugal, then sail up to Ireland and the U.K. and eventually bring down the world. But the finance minister...
Annuities can provide lifetime income, but other strategies may offer you comparable income and the ability to keep control of your money.
Owning one home and renting another, a reader is stretching his finances to the limit. The new Home Affordability Foreclosure Alternatives program, or HAFA, may offer the help he needs.
Delaying full retirement just for a few years can make a significant difference in your financial security. Here's an example of how much difference you can make.
There's nothing like a 1,000-point drop in the Dow to bring back that sick feeling in the pit of your stomach. Here are four things to remind yourself before you make any decisions.
A new book makes the case that our brains can age as well as a vintage French burgundy; many of our most important cognitive functions actually improve with age. That's promising news for Baby Boomers hoping to keep working well into their 60s and beyond. Let's just hope it become required reading in H.R. departments.
Health care reform aims to improve the health of all Americans, by requiring free preventative services. After all, health insurance will eventually cost less if we're all healthier. Will you be smart enough to take advantage of these free preventative services?
Baby Boomers hoping to continue working after retirement could find a job market that is scrambling for their services. Yep, you read that right. A looming demographic/economic shift could spell great news for baby boomers who want to downshift to a less demanding work schedule after retiring from their full-blown full-time careers.
When selecting a target date fund, don't guide your decision only by a date on the calendar. It pays to look under the hood--one important aspect is to examine the glide path of a specific fund as it moves over time into more conservative investments. There are significant differences between mutual fund families in the glide paths for their target date funds.
With the launch of the President's bipartisan Deficit Commission last week we're about to hear a lot more about "hard choices" for dealing with our nation's out of whack balance sheet. I'm hoping there's serious consideration given to raising the Full Retirement Age for Social Security.
If you are concerned about ID fraud and prevention, then the nominal fee for these services may be worth the cost.
Good news could be coming soon for early retirees, due to a feature in health care reform. A temporary program to reimburse employer-sponsored group health plans for some health care costs for early retirees will be one of the first initiatives launched under the new health care reform law. Encouraging your employer to take advantage of this program could be an important part of your retirement planning.
