Retirement Archive

The big question, when to start investing for retirement? Well that depends on the individual and the lifestyle they want to live in retirement. Experts say it is good start as young as possible. When …

Considering Panama, Central America, as one of your retirement options? Possibly a good choice, but there are a few things you should think about, as I’ve been living here in Panama since 2002. There are …

It is the main responsibility of the financial planner to help his client with planning that will yield the best results possible. First of all see that you get an accredited planner. He/she must be …

In all of life’s endeavors, there is no substitute for a positive attitude, but I readily admit that I would have written an entirely different article on this subject two short years ago. As we …

You are 62 and you have a good job and you might be self-employed. As a result you have no intention of retiring from the work force at age 62, or even when you are …

Financial planners are instrumental in establishing your financial foundation and securing your retirement but at some point, they really aren’t that necessary. Financial planners serve as a guide for you to manage your finances well, …

Because you will not have much more income after you retire, an important thing to consider is what states you can live in, and save as much as possible on taxes. Here is a review …

The road to early retirement passes through the land of early and consistent action targeted at retirement. How define retirement will affect what you call early retirement and how you prepare. If retirement to you …

The day you receive your last paycheck can be as exciting as it is terrifying. Reality hits. From that day forward, you will be living on a considerably smaller income. If you depend on Social …

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 …

Should you spend your life saving for retirement while trying to maintain your current lifestyle? Well, no! Once you have decided you are not going to retire and semi-instead it is important to establish this …

With the Great Recession of 2007-2010, the equity markets plunged to deep lows, devastating countless investors and their hard earned retirement funds.  These included many large retirement fund plans.   Even in good times, there can …

Prudence is defined as having caution with regard to practical matters. On first glance, this might not seem to have a lot to do with retirement planning, but it is actually very important for you …

Though there are many ways to save for retirement, few have the power for long term growth than an Individual Retirement Account (IRA). IRA’s are individual retirement accounts that are maintained by a financial institution, …

The global economic collapse has hurt a lot of middle and lower-class families.  The financial system’s demise, the inevitable collapse of our fiat currency and the sovereign debt that has plagued nations around the world …

You may have started out your working life thinking that retirement was a long way off and then suddenly woke up and you were in your fifties without a dime saved for that “far away” …

Choosing where to retire in the United States can be a daunting task. Many retirees move after retiring because they want more financial freedom, adventure, weather, etc. Regardless of the retiree’s interests, they should let …

Once we become vested in the social security system we start receiving annual statements that “estimate” our benefit. For a lot of us, these statements accurately illustrate the present value of your benefit. But for …

For many people, they have the goal of early retirement. They are tired of the daily grind at work, and tired of their jobs. They don’t like working 40+ hours every week, and they see …

My first thought about credit cards for seniors with limited income is, if you don’t have one now and you’re doing OK with your purchasing and bank account, don’t get a credit card at all. …

A tax sheltered annuity plan (TSA) or 403b plan is a retirement plan available to public school employees, employees of tax exempt organizations, and some ministers. 403b plans get their name from the section of …

In an article for Discovery Finance by Ryan Smith (May 2011), the following facts were revealed. There are about 5 million retirees in Canada. Their average income is $42,000. The net worth of these retirees averages …

A person seeking to receive Social Security disabilities benefits, must first gather as much information as possible, before going to the Social security office. They will ask you many of questions, however, don’t be afraid …

Retirement, like life itself, is not primarily about finances. However, increased income facilitates comfortable living at any stage of life. Maximising retirement income is more than just reducing expenses or dumping funds into annuities years …

Are you age 55 or over? If so, then you may soon have something to look forward to or worry about. One morning you’ll wake up and it will have happened. Before you’ve a chance …

In the late 1960’s, consumer research firm Yankelovich coined the term baby boomers.  These are the folks born primarily in Western nations between 1946 and 1964.   They are a huge bubble of somewhat egocentric …

The morning after I retired, we loaded up the car and left a big city in a cold, clammy, icy Eastern state and drove 2,000 miles to a small Western city on the edge of …

Retirement planning can be a difficult and confusing process. There are many products designed to help you with the retirement planning process and choosing the right ones can be difficult without help. One of the …

With the uncertain future that many people are facing financially, there are more people that are thinking about the money that they’ve been saving for retirement in their 401K accounts. In most situations, tapping into …

Americans are living longer lives with better health. That’s the good news. More than that, however, it should serve as a reminder of the importance of planning for retirement. Most Americans will not be able …