Showing by category: Retirement Planning

Good Retirement Planning Should Include a Low Cost – Debt Free Lifestyle
Most articles on the subject of retirement planning focus completely on growing tax sheltered retirement savings plans like 401k’s and IRA’s. It’s an effort to build a large capital base as a way of creating a strong retirement income to enable us to maintain the lifestyle we’ve become accus Continue Reading
Save for Retirement Now or Payoff Your Mortgage First?
Two of the most important components of retirement planning are a generous retirement savings plan and a mortgage free home. But if limited resources force you to make a choice, which goal should get the lion’s share of your extra income? Continue Reading
What to Do About Your Retirement Savings During Estate Planning
Estate planning is irrefutably a difficult process, and there are hundreds of things that can go wrong if you aren’t diligent and precise.  Drafting a will is not a one-step process; proper estate planning — which certainly includes more than a single will — takes a lifetime of alterations an Continue Reading
Ways To Increase Your Social Security Benefits
I’m always looking for ways to increase my income, so a friend recently told me about a book he was reading. Claimed the book had strategies on how to change the amount of Social Security benefits I could receive. He didn’t realize I’d already started drawing that seven years ago, so there’s Continue Reading
Are You Preparing for Non-Retirement?
In Preparing for Semi-Retirement I made the case that due to economic conditions, many people would be forced to accept a modified version of retirement, and that such a retirement should be fully anticipated and prepared for. I b Continue Reading
Preparing For <em>SEMI-Retirement</em>
While nearly everyone in the industrialized world is practically fixated on the importance of a comfortable retirement, reality may be heading in a very different direction. Semi-retirement may be the new normal in retirement planning. A report from US News entitled Why the Middle-Aged Are Missing O Continue Reading
Most Americans Will Never Be Able to Retire
Last summer, an article on Yahoo Finance compiled information indicating that the “average working-age family has set aside a mere $3,000 for retirement”. Before dismissing that report, consider that it is consistent with a 2011 survey showing that 64% of Americans have less than $1,000 in liqui Continue Reading
Will Social Security Be There When You Retire?
It’s become almost fashionable these days to talk about the impending bankruptcy of Social Security, as if its demise is all but a done deal. But is that even the case? Will Social Security be there when YOU retire? And how should we plan for what ever we might expect to get from the system when o Continue Reading
Facing 50 – No Pension – No 401k – That Was Me!
I might be a textbook example of the kind of people Kevin was referring to in Over 50 - No Pension - No 401k - What Now? No, that’s not where I intended to be in middle age, but that’s exactly where life dropped me. After I commented on the article, Kevin asked me if I’d be interested in t Continue Reading
Will A Million Dollars be Enough to Retire On?
A million dollars was a lot of money when I was a kid. Inflation notwithstanding, for most of us, it still is! It’s an amount the vast majority of people will never have in their bank accounts or anywhere else in their possession. But will a million dollars be enough to retire on? It’s practi Continue Reading