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Focusing on how long you want to be retired -- rather than at what age you want to stop working -- can give you valuable insights that will help you make important decisions for the rest of your life, such as how long you want to work, the type of work you desire, and how much retirement savings you need.
While having a big house is nice, the cost of maintaining that house may severely crimp your standard of living in retirement.
With much smaller generations following the largest demographic bulge in U.S. history, Thornton Parker argues that boomers will flood the market as they sell their stock holdings - depressing prices and possibly causing a market crash.
Millions of older Americans have anxieties about their financial security in their retirement years. Their legitimate concerns can prevent them from truly enjoying their retirement years. Put solid plans in place to address these concerns, however, and you'll feel a lot better about the future.
The vast majority of Americans have little confidence they understand the ins and outs of Asset Allocation. That's just further proof why target-date retirement funds are a vital and good addition to 401(k) plans. So can we stop all the target-fund bashing?
The Warren Buffett-Charlie Munger Q&A session at the Berkshire Hathaway annual meeting will no doubt generate plenty of interest this weekend. But for investing insights, taking a look at Buffett's personal portfolio can be even more illuminating. The Oracle's appetite for dividend-paying stocks in his personal portfolio generated more than $42 million in income last year. If you're starved for yield and cautious about bonds right about now, poring over Warren Buffett's personal portfolio of dividend stocks is worth a look.
I advocate that you consider a much more gradual transition than the traditional retirement, which is often very abrupt. Downshifting is about reducing your hours and restructuring your work, to do just the work that you like and you're good at. This allows existing retirement resources to grow until they're really needed at full retirement.
It's a good idea to file an extension if you need more time to do a thorough job preparing your tax return. If you don't file a tax return or at least an extension by April 15th, then you'll owe IRS penalties and interest.
The fact that the vast majority of Americans didn't flee their 401(k)s during the bear market isn't cause for celebration. Doing nothing is not enough. If we don't all start saving more for retirement, we could all end up paying a price down the line.
"Annuity" is a dirty word in many circles, usually due to the high costs and mediocre performance of deferred annuities, or by complicated features that some insurance companies attach to immediate annuities. A simple, low-cost fixed immediate annuity is a different animal that doesn't deserve this reputation. I suggest that an immediate annuity deserves serious consideration for people who have significant retirement savings and are concerned about managing their longevity risk.
Millions of folks could find that they unexpectedly owe taxes for Tax Year 2009 as an unintended consequence of the new Making Work Pay Credit. Surprisingly the IRS may offer some of the better options for folks who need to pay their tax debts over time.
How to do the math to help you decide the right time to start your Social Security benefits, taking into account your life expectancy and Social Security's rules for increasing benefits if you delay the start date.
A new study of 401(k) returns among different age groups concludes that older Baby Boomers have had a pretty sweet ride. Cryin' rights go to younger boomers, who missed out on part of the great bull run that began in 1982 and now don't have oodles of time to make up for losses suffered in the two crashes since 2000. Gen X isn't much better off.
If you are one of the more than 15 million taxpayers who unexpectedly owe taxes for 2009, you'll be surprised to find out why. And if you can't pay your tax debt in full, read on for some payment options that may provide some relief.
This post looks at the qualitative reasons why it's smart to make your Social Security income as large as possible by delaying benefits for as long as you can (but no later than age 70).
