Retirement Archive

You didn’t start saving early enough for retirement? Not a problem. You can circumvent such a situation by putting in place and making use of strategies to help you save enough and be prepared for …

When an annuity contract reaches maturity, the annuitant/ policy owner has several options. One of these options is to “annuitize” the annuity contract. Annuitization refers to the process of converting the cash value of an …

Do you know how defined benefit plans differ from defined contribution plans? A defined benefit plan when you retire, guarantees you a certain benefit. A defined contribution plan when you retire, depends on the amount …

To commit one too many mistakes during retirement planning is to sign a warrant for financial instability in your retirement years. It’s thus necessary you become aware of common mistakes that can be committed and …

When planning for retirement, deciding upon an ideal place to retire requires research of many factors, including which states have the lowest taxes. Since you have paid your fair share to Uncle Sam all during …

The problem faced by many UK residents retiring early to France are as a direct consequence of changes in the retirement dates, recently implemented in the UK. What this means is that many who would …

There are myths concerning just about every aspect of life. Don’t hold your breath, even common retirement planning myths exist, too. Myths are usually without a determinable basis of facts, or they are invented stories …

Preparing for retirement means the difference between leading a financially comfortable and emotionally stimulating life and struggling with not enough money or company.  By making a breakdown of your living expenses, from weekly food bills, …

Typically, when you retire at age 65, and paychecks no longer come in, you must depend on pension, investments and Social Security to provide an adequate lifestyle. You must face the reality that retirement income …

Better late than never. The traditional bit of advice is very appropriate to prepare for your inevitable senior years  It’s never too late to start a savings plan strategy for retirement. More wisely, it’s never …

People planning retirement can and sometimes have to make important changes in the new phase of their lives. Not tied to a job any more, many consider relocation to an entirely different part of the …

Someone once asked me “What does life insurance have to do with retirement?”. It was a good question, since the link between the two is not blatantly obvious to most. For those who are familiar …

An IRA is an individual retirement arrangement, more commonly called an individual retirement account. There are two main types of IRAs, the traditional IRA, and the Roth IRA, each of which has its advantages. Roth …

Sixty-five was once the golden age when people looked forward to that somewhat hazy time of life known as retirement. But retirement ages changed, and now full retirement, or that magic number when people receive …

Retirement planning myths are common but false perceptions or beliefs that some  people may accept as true when they start thinking about and planning their retirement.  Detailed below are seven common retirement myths and the …

Financial planners can help you plan for a great number of things. They can help you plan for major purchases, to get out of debt and even help you grow your money. One of the …

It is often useful to obtain a Social Security income estimate ahead of time, to assist in financial planning. However, before making the calculation, you should ensure that you will have the minimum number of …

As that old saying goes, “The best plans of mice and men can go wrong.” Such is the case for the vast majority of people who found that the rules of the “Retirement Planning Game” …

The rule of thumb for retirement income is that technically, the retiree should still be bringing in around 75 percent of what they were while working. This reduced amount was expected to be enough to …

A Roth IRA is a type of individual retirement arrangement (IRA). Contributions to a Roth IRA are not tax deductible; however, all qualified withdrawals from a Roth IRA are tax free. The major advantage of …

Some think of retirement accommodations only in terms of assisted living facilities. In fact, many reach retirement age without requiring this level of care. For these healthier, more active seniors, new retirement communities are the …

Social Security was designed to help seniors continue with some monthly income after retirement by contributing during their working years. While the plan seemed plausible, and has certainly helped many a retiree, few people realized …

Retirement may have sounded wonderful while still working, and the first few weeks of retirement might have offered a welcome change from commuting and the 9:00 to 5:00 rate race, but sooner or later there …

In the current climate of economic uncertainty, retirees are looking to cut every corner we can find and housing is at the top of our list. If your home is paid for, you’re way ahead …

Retirement will happen to all of us if we make it that far! There are many people that will never “retire” so to speak, because they think by doing so, they might die if they …

Self-employment offers both advantages and disadvantages for retirement savings. The primary disadvantage from self-employment is that the self-employed person must personally fund his retirement savings without contributions from his employer. A major advange for self-employed …

A 401K plan is one of the best ways to save money for retirement. Since your employer matches your contribution, the savings can really add up over time. This can be a large part of …

When does it make sense to participate in a 401(k) plan? Now! Time is of the essence. Most people think of retirement planning as a means of buying that mansion on the hill and living …

When you’re young, retirement is something far into the future. No need to plan for it, or even think about it, because you still have a lot of living to do. Is it a mistake …

All our lives, retirement has been something on the distant horizon, something that happens to other people, then BAM! all of a sudden it’s here and it’s our turn. When to begin taking social security …