Showing by category: Retirement Planning

Do You Really Need to Retire – Or Just Create an Easier Life?
On a visit to the picturesque seaside town of Kennebunkport, Maine, in August, I found myself sitting on a public bench in town. Now I was the lone male member in our group of five on this trip, which saw the four women browsing about the many shops, while I sought comfort and solitude at a well-sha Continue Reading
By the Age of 40 – Make Retirement a Priority
In what seems like a blink of an eye, 20 turns into 30, and then 40 lurks around the corner. It’s at that time that people begin to take things in life a little more seriously, including retirement. Although you still have two decades to put money away, the time to start taking action is now. Make Continue Reading
The Big Financial Retirement Mistake You Should Avoid – Retirement Healthcare Costs
Did you know the majority of Americans grade themselves as having a “C” based on their readiness for retirement, according to RothIRA.com? Worse, few have any concept of retirement healthcare costs. What grade would you give yourself? If you’re like the 54% of workers who said that they Continue Reading
The Real Goal of Retirement: Creating a Comfortable Life
In the last post, The Real Purpose of Having Money: Living Life on Your Own Terms we challenged the idea of financial independence being a specific number – usually a very high one – and focused instead on specific financial conditions that give you the kinds of options that enable you to live l Continue Reading
Is 75 the New 65? There May Be No Choice
Since I’m self-employed and home-based, I generally choose to work out at the gym around mid-morning. It just works best with my somewhat unorthodox work schedule. But something I’ve been noticing when I go on weekdays is the pronounced number of people over 60 – and more than a few over 70 Continue Reading
Most Older Workers are Postponing Retirement – Is That a Bad Thing?
This past spring Hunt Scanlon Media reported the results of a recent CareerBuilder survey on retirement. It indicated a full 53% of workers 60 and older are postponing retirement. What’s more, 40% don’t think they’ll be able to retire until age 70 or older. What does that say about the curr Continue Reading
How to Create a Gig Worker Retirement Plan
If you’re a gig worker, do you ever worry about retiring? The gig economy is growing, and so are the number of gig workers. It now encompasses 34% of the U.S. workforce, and is projected to rise to 43% by 2020. This takes in freelancers, contract workers, temporary workers, and probably even the s Continue Reading
Why the “Safe Withdrawal Rate” Won’t Work for Most Retirees
You’re doubtlessly familiar with the many retirement strategies that say something like this: If you invest X dollars per year for the next Y years, at Z percent, you’ll have N dollars by the time you’re ready to retire. That’s certainly true in theory (though most people won’t even get cl Continue Reading
Retirement Won’t be an End Game – But Just Another Phase on the Road of Life
Do you remember the song Somewhere Over the Rainbow from the Wizard of Oz? I could be wrong, but I think that’s something like the concept a lot of people have about retirement. It’ll be a whole new life, with brilliant new adventures, and none of the problems of your current life. But will it? Continue Reading
Why Are Americans So Obsessed With Retirement?
It seems ironic to even bring up this topic, given that most people are woefully unprepared for retirement. Yet we seem to have two classes of people where retirement is concerned. One is obsessed with retirement to the point of throwing all their extra money into it, many even actively working towa Continue Reading