Retirement Archive

Ten thousand baby boomers will reach the age of 65 and face retirement every day for the next 19 years, starting in January, 2011. Where will those boomers go for retirement? According to the ASRP, …

When one reaches retirement that does not mean that they should stop sharing their knowledge and skills about what they are good at. Like they say age is but a number, reaching 60 years old …

You are retiring shortly and still want to work. There are others like you, including many baby boomers. “Should you work after retirement?” you ask yourself. Working after retirement often becomes a matter of personal …

Retirement is something that people don’t really think about until it is too late. Many people do not put away enough money for their golden years and find out much later in life that they …

So you’ve built up a reasonable private pension fund throughout your working life and now you’re looking to finish work and retire.  Your pension fund provider has sent through a 60 page document for you …

Long gone are the days of waiting until you’re 65 or older to retire. Baby boomers are throwing in the towel on their careers sooner than expected and taking advantage of early retirement while they’re …

The early withdrawal from IRA will attract 10% penalty. Further such withdrawn amount supposed to include in the taxable income. However, some withdrawals are free from such penalty.  The holder of the account can withdraw, …

Although it may be deemed a hardship for some, eating out less will save a lot of money. Eating in means cleaning up and doing dishes, but it might be worth it. So as not …

You can easily obtain a Social Security retirement income estimate by using the Retirement Estimator on the Social Security website. This calculator uses real-time access to your earnings to calculate your credits, eligibility, and Social …

Drive for show, putt for dough. Many people may have heard this golf analogy before. Basically, it is saying it is sexy to hit your drive into the next town but if you want to …

When preparing for retirement it is important to consider both the amount you have put away in savings and the income stream you will receive. Living from day to day requires enough money to pay …

The 403b retirement plan is a great plan for people to take advantage of. The facts of the403b retirement plan can help you to understand the plan better. Even if retirement is far off for …

An investment advisor is an expensive item in your retirement plan. Unless you are dealing with a lot of money, you might want to hold off on an investment advisor. In the beginning your retirement …

Gone are the days many baby boomers thought would bring them rest and relaxation. Most Boomers thought retirement would allow them to take it easy after working most of their adult lives. Retirees are living …

Retirement planning is necessary unless you want to be a financial burden on your loved ones.  We are living in a time of increased longevity and high costs associated with it due to rising food …

Instead of reforming it with personal accounts, or leaving it alone, I propose to completely replace it. While the social security system has been robbed and mismanaged to the point of turning it in to …

After a lifetime of labor, the historic day has finally arrived. The “big day” is your last official day on the job. You are 65 years-young and ready to enjoy your golden years, sipping umbrella-laden …

Most people meet the conditions to open up a Roth IRA. You should be planning for your retirement, and the first step is determining what type of account you are eligible for and what type …

There comes a time in everyone life when they have to weigh their options and decide if they should retire or continue working. For some this is not an easy decision. You have to take …

Eating less meat is a good way and a healthier way to cut food cost but it also lowers the price of food. Headlines shout daily that food prices are rising and are unlikely to …

An Individual Retirement Account (IRA) is a tax-friendly retirement savings plan. In a standard IRA, contributions are tax-deductible, but tax must be paid on all withdrawals. In a Roth IRA, designated Roth contributions are included …

Profit-sharing plans (also deferred profit-sharing plans) are defined contribution retirement plans that base contributions on a company’s profits or earnings. Companies do not determine contributions to profit-sharing plans exclusively by profit. Contributions to profit-sharing plans …

How to pick a financial adviser for your retirement plan Picking a financial adviser for your retirement plan really does mean a lot of homework on your part, though it really is worth it, because …

Anyone who is self-employed knows that unexpected expenses can pop up. Those unforeseen expenses can slowly bleed business accounts dry, which can put a damper on plans to save for retirement. For many self-employed people, …

Retirement investing is not what it used to be. The traditionally higher percentage of bonds as a person ages is just not working. So, what are safe investments for retirement?  Choosing value stocks that are …

Living for a longer period in retirement has its benefits; however, it also has several attendant risks. One of the common risks of retirement is longevity risk- particularly as persons are living longer and not …

With the future of Social Security up in the air and the almost complete non-existence of pensions in today’s workplace the options for retirement income continue to shrink. At the same time Americans are living …

It might appear that this is for those who are younger and have time to follow the advice given, but it is never too late to begin planning to make your dreams come true. Plan …

Should you work after retirement?  If you are fit and in full use of all your faculties there is no reason why not.  Although the money you will receive for such endeavours is a bonus, …

Whether one should work after retirement really depends on one’s financial position and general disposition. Apparently the vast majority of people do not make provision for themselves and their families when they are young, and …