Retirement Archive

TEN EARLY RETIREMENT TIPS 1) SAVE – SAVE – SAVE! Compound Interest is how many millionaires started Put $50 a week into your savings account (get a 4.5 Internet interest account, if you can find …

When you choose to initiate your Social Security benefits early, you will receive less per month for the rest of your life than if you had waited.  However, it doesn’t follow from this that cumulatively …

You should always participate in a 401(k) plan, for at least the following four reasons: 1. You will save money right now. Funds taken from your salary in your current paycheck for funding your 401(k) …

Thinking about or planning for retirement?  One of the questions that will come up during the process of moving to retirement is whether or not the retiree should seek some kind of employment afterwards.  For …

We live in modern times where old and conventional definition of retirement is being redefined. Dictionary defines retirement as the act of retirement or the state of being retired, removal or withdrawal from service, office …

Retirement is not an age, but a state of mind. If you are over 60, and still want to work, then it should be your choice. Many companies offer retirement to employees, who have tenure. …

Where do you want to live after you retire from the workforce? Some of you will remain at your current residence for as long as you are alive. That is, if you can afford to …

Retirement is constantly on the minds of working population, and with the abundance of information available about retirement; one would have thought that planning would be a piece of cake. However, common blunders and mistakes …

In the US, some of the best traditional pension plans are for members of the Armed Forces. Being a career “lifer” isn’t for everyone, of course, but in a typically basic situation, an 18-year-old can …

Individual Retirement Arrangement (IRA) refers to several types of retirement saving plans. Traditional IRAs offer immediate tax benefits to qualifying contributors in the form of tax deductible contributions. Roth IRAs provide eligible contributors with a …

Whether choosing to work after retirement for monetary reasons, social networks, or aiding a cause you believe in, millions of retirees carry on the burden of work long after turning in their time cards. Seniors …

If one feels the need to work because he or she enjoys the interaction with others on the job, and can still do the job well, then working to the normal retirement age may be …

Getting older is never easy. The loss of sight, hearing, taste, smell and the ability to remember new things can be devastating. Knowing when it is time to look at alternative living situations such as …

Fixed index annuities (or equity-indexed annuities) are a special type of fixed annuity that offer annuity investors guaranteed principal and market-type returns. A fixed indexed annuity therefore bears benefits of fixed annuities and investment in …

It can be a wonderful dream to retire abroad and escape the misery of UK winters. With time on your hands the thought of a new life in the sun enjoying a relaxed life style …

Think outside of the box and discover a fulfilling second career instead of opting for retirement. There are many options that might cater to one’s personality, skills, talents, hobbies and interests. Perhaps you have always …

We just marked our 15th anniversary of my retirement day. We’ve not only lived with realistic spending goals (in our non-humble opinion), but actually have a larger financial nest egg today than we had when …

Why do people fall behind in their saving for retirement, and what can they do about it? There are a number of reasons people don’t save as much for retirement as they’ll eventually need.  Here …

Should you borrow from your 401(k)? Not unless you absolutely have to, and here are some reasons why: If the loan repayment keeps you from saving, you are putting your retirement further off. If your …

Retirement is a big step in a person’s life. Besides not having a regular paycheck one leaves their co-workers and the social life that goes with the job. Added to that is the “free time” …

Retirement is a period where people hope to live a stress free life without having to worry about their income or running out of their savings. However, the reality is far from what many retirees …

There are many benefits of a 401k retirement account. A 401k is an investment option used to save for retirement which is set up through one’s employer. The name 401k comes from the Internal Revenue …

If you’re lucky, you have loving grown-up kids who’ll be thrilled to take you in. Oh, sure, and the tooth fairy will bring you milk and cookies every night. Actually, that worst situation would be …

Why you should retire is a question some might not need to ask, but for those that do, there are plenty of reasons why.  Retirement is an opportunity that opens doors that were previously closed …

Perhaps you’ve heard of Roth IRAs but don’t know a lot about them. Are you eligible? What does setting one up entail? A Roth IRA (Individual Retirement Account) refers to a retirement plan which grows …

Retirement can be a scary situation for those who discover that they did not save enough money to comfortably retire from the workforce. Such a discovery is usually made when the person who is about …

Planning your retirement early is critical today now more than ever before. With the new actuarial tables published for life expectancies in North America in 2007, it appears as though a majority of people will …

It should not matter what kind of food you buy, but your health will make all the difference in the world if you cut food costs. That is not to say that the day you …

With the growth of the internet and more ways to connect from various parts of the world many Americans more choosing to live abroad.  With gorgeous locations and affordable living, many Americans can live quite …

The question of when to start Social Security (SS) is dependent on many variables. Among them are other forms of retirement you may have, such as work retirement and/or armed services retirement. My father was …