Showing by category: Retirement Planning

Alt-Retirement and the Long-Term Care Dilemma
Last week in It’s High Time to Roll Out the Alt-Retirement Movement the comment thread took us in an unexpected direction. It often does. It brought us right to a very difficult retirement related topic: the long-term care dilemma. We can make all the plans we want as to how we’d like to reti Continue Reading
How to Plan for Retirement
With most of the country unprepared to retire in the next five years, if you're nearing retirement age, you should be actively working towards how to plan for retirement. The objective is to essentially save as much as you can now to sustain a decent quality of life once your paycheck stops coming i Continue Reading
It’s High Time to Roll Out the Alt-Retirement Movement
They’re all kinds of “alt” movements around. I googled the term alt-retirement and was surprised to find that it doesn’t exist. The closest references were to a couple of government programs under the title “alternative retirement plan” that apparently exist for state governments, as wel Continue Reading
Adjusting Your Retirement Expectations to Fit Your Reality
This is the fifth and final strategy that I spelled out in What to Do if You Cannot Afford to Retire. We’ve already done a deeper dive with saving money no matter how old you are, selling your home if you need to, paying off debt, and continuing to work in retirement. So in this article will tie i Continue Reading
Why You May Need to Continue Working in Retirement
This entire discussion is anathema to millions of people who hope for – and expect – a work-free, worry-free retirement. But many, perhaps most, people will absolutely need to continue working in retirement. Surveys show that most people underestimate how much money they’ll need to retire. Yet Continue Reading
Why Paying Off Debt Before Retirement is More Important than Ever
In What to Do if You Cannot Afford to Retire we laid out five separate strategies to help you create at least a comfortable semi-retirement. The five strategies included saving money, getting out of debt, selling your home, continuing to work, and adjusting your expectations. We’ve already done de Continue Reading
Why You May Need to Sell Your House to Retire
Millions of Americans will not be able to afford to retire. Millions more will barely be able to retire. And still millions more won’t be able to afford to retire, but they’ll go ahead and do it anyway. That’s why you may need to sell your house to retire. This is a suggestion that I made i Continue Reading
Why You Should Save for Retirement No Matter How Old You Are
In What to Do If You Cannot Afford to Retire, I offered as a strategy that you plan to have at least some money saved for the retirement years. I even dared to suggest that you should save for retirement no matter how old you are. This is such an important topic that it needs a post all it’s own. Continue Reading
What to Do if You Cannot Afford to Retire
In today’s world, this concept is so scary that most people don’t even want to think about it. But if you cannot afford to retire, you must think about it.. And you must do more than think about it – you need to create definite strategies and the willingness to follow through with them. Let Continue Reading
6 Strategies for the Early Retirement Health Insurance Dilemma
Early retirement has become a favorite topic in the personal-finance blogsphere. There are even blogs devoted primarily or entirely to the topic. The general theme is save enough money regularly, and invest it faithfully (in S&P 500 index funds), and you’ll be able to retire at 55, 50, 45, 40, Continue Reading