Retirement Archive

Retirement is one of life’s major transitions. In the year 2011, baby boomers began turning sixty-five, and in the United States alone 10,000 are retiring each day. Furthermore, people live longer now than in the past, …

After working their whole life, the decision to pick a place to retire to is often a complicated one for many seniors.  Most son-to-be-retirees will spend hours looking at cost of living, proximity to relatives, …

Is retirement even possible for the average twenty-something? In this day and age, everyone is told to put as much of their money as possible into retirement accounts. But will this be enough? First off, …

Where would you like to live after you retire from the workforce? More important, how much will it cost for your living expenses within that place that you choose to live the last years of …

With the world in such a turmoil because of war, terrorism, political upheavals, tribal killings and natural disasters, why would any senior want to look for new places to retire? It is possible to seek …

Congress amended the IRS Code to add section 401(k). Work on developing the first plans began in 1979. Originally 401(k) plan was intended for executives but plan proved popular with workers at all levels due …

Retirement is often accompanied by a reduction of income. Many even hold off their retirement for many years for the fear of being unable to adjust to a lower level of income. While proper planning …

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 …

Retirement has been a dream of mine for years, unfortunately when I sat down and took a measured tally of my retirement savings; I was shocked. Not only will I not even have enough money …

Before my husband and I took early retirement, we talked endlessly about where we would like to live. Our holidays took us to Italy, Cyprus, Madeira, Portugal, Malta, and France. We found that we enjoyed …

Most US retirement plans involve spending declining years in Florida, Arizona or Southern California. That’s OK if you can afford the super-inflated home prices and hordes of elderly in those traditional areas. Have you ever …

U.S. citizens or permanent legal residents for at least five continuous years are eligible for Medicare if they are 65 years or older. Some individuals under 65 are eligible if they have been receiving Social …

Inherited retirement plans can be very simple and even completely tax-free to transfer, especially when the beneficiary is a surviving spouse. Roth IRAs in particular are excellent vehicles for estate planning, because their contributions had …

The major difference between traditional IRAs and Roth IRAs is tax treatment. A traditional IRA allows you as the owner to deduct part of your contributions from your taxes now, but you pay taxes on …

After years of hard work and planning, aged and old people look forward to giving up their work for some relaxation and quality time, and pursue retirement. Retirement is a big decision in every person’s …

So you want to retire early. I can’t blame you, who wouldn’t? Early retirement is easier to attain than most people think. If you want to achieve this goal, you must make sure that you …

Pensions are quickly becoming a thing of the past, but if you are lucky enough work for an employer that still offers one you will face a major choice at retirement. You will be given …

A Guide to the Best Countries to Retire In Many middle-aged people are looking forward to retirement. Most individuals work all their lives, staying on a boring job because they have worked there for years …

The golden years have arrived and you have reached retirement age. When the time comes for retirement, will you choose to live in the country or in the city?Where you choose to live is an …

How Social Security disability benefits are paid, depends on the type of disability for which you have applied for and were approved. Generally in order for a person to be eligible for Social Security Disability …

Would You Like to Stay in Your Home and Release Capital? There is a scheme called ‘Sale and Rent Back’. This means that a company buys your house and rents it back to you. Many …

Many factors are to be considered when choosing a retirement location. Of course, you need enough income to be able to afford the community your choose. If your retirement funds are OK, you’ll still have …

It’s no fun to think about your own death, and life expectancy does vary by demographic group, but individuals should at least plan to live to 85 years of age for the purpose of retirement …

Early retirement requires a lot more than just having a good job and a good salary. It entails skillful planning, efficient execution, probably some deep knowledge, and good resources and channels about investing. Many people …

Good Bye Grandma and Grandpa!I wish we were leaving on a vacation to a nice warm spot for the winter to ease the Mr. Arthur Itus in our bones. Maybe a cruise around the Hawaiian …

Our first financial advisor worked for a large investment firm and did O.K. for my wife and me during the bull market of the 1980s and 90s. Our retirement account (IRA) grew. But among the …

Retirement potentially means spending 20 to 30 years of your life either growing old and feeble, or relaxing and doing activities you love and enjoy. Retirement does not necessarily mean you must leave the workforce …

Many people seem to forget that pensions aren’t what they used to be. Employers no longer foot the whole bill on the average American’s retirement, but fortunately we do have the 401k, and that allows …

Of all the types of annuities available, variable annuities seem to be the most maligned, controversial and yet popular in some quarters. They have been in the spotlight recently because of the actions of annuity …

Retirement is that time of life the prepared look forward to reaching. For those who lack the financial readiness for retirement, it can be a time of dread. Worries that the same money problems during …