Retirement News, Information and Guidance

Part-time job in retirement

7 Tips for Getting a Great Part-Time Job in Retirement

Many people are finding that they need to work at least part time in retirement to support themselves. Some people also find that they want to continue working in order to stay active. Though retirees can offer an organization incredible experience and insight, not everyone who wants part-time work in retirement is able to…

Retiree

Best States to Retire for Taxes: Tax Rates by State

Looking for a great place to retire, or wondering if the state where you live will make life a bit easier? Ten states in particular strive to make life less expensive on retirees by lightening the tax burden. Of those, we’ve selected the top 5 to show how they stack up. None of these…

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Retirement Taxes: Reverse Mortgage Tax Implications

Tax season can seem like an overwhelming time of year. As you’re busy gathering all the receipts, statements and other necessary documentation on your retirement assets, you might want to consider how alternative investments, like getting a reverse mortgage, can impact your retirement taxes. In recent years, reverse mortgages have been garnering greater acknowledgement…

Stock investing

Stock Investing as a Retirement Tool: Legit, or Not?

Ten years ago, most people wouldn’t have thought to question stock market investing as a form of retirement. However, in 2008 and 2009, we watched as good people lost their retirements to bad investments. Since then, the market has recovered quite a bit, but it’s still a volatile place, leading to concerns for investors…

Retirement

How to Pay for College and Save for Retirement

As you approach retirement, you are often faced with difficult financial decisions that may affect your nest egg. For those retirees and soon to be retirees with children or grandchildren, you may find yourself having to choose between contributing to your own retirement account or paying for your child’s college tuition. If you have…

Some retirees are conflicted about trying to leave an inheritance vs maintaining their standard of living.

Forget the Heirs — I Need Money Now: 1/3 of Reverse Mortgage Borrowers Are Unconcerned About Leaving a Legacy

Living longer than expected, insufficient savings, higher cost of living and medical expenses are just some of the things making it difficult for many older Americans to pay for retirement. Securing a reverse mortgage is one solution many people are exploring.  A reverse mortgage let’s homeowners who are 62 or older borrow their home…

Retirement

3 Great Reasons to Take Your 401k Employer Match

Employer-Sponsored retirement savings plans, such as a 401(K) or IRA, help you prepare for the future. But are you using yours as effectively as you could? Saving less than you’re allowed or not taking full advantage of a 401k employer match plan at all could leave you unprepared once retirement rolls around. The good…

Cash flow

Expert Interview with Keith Whelan of Cash Flow Navigator On Wealth Vs. Cash Flow

Many of us want to be wealthy, but few of us realize what it takes to get there. That’s why Keith Whelan founded Cashflownavigator, a site that lets you track where your money goes and gives you the tools to redirect it. He was kind enough to speak with us about how to do…

Longevity annuities offer peace of mind that you can fund a long life.

Longevity Annuities in Retirement Plans: What Are They? Why Buy Now? For Whom?

Thanks to rules passed late last year, longevity annuities may  grow in popularity as a compelling way to plan for retirement — in particular, a long life in retirement. Longevity annuities have been around for years offering retirees a way to hedge against “longevity risk,” or the possibility of outliving one’s savings. Until recently,…

Retire

Baby Boomers Retiring: The Big Difficulties Facing This Generation

Baby boomers are retiring in droves. According to the Pew Research Center, the oldest members of the baby boomer generation came into retirement age in 2011, and for the next 19 years, 10,000 more boomers will turn 65 each day. The baby boomer generation faces unique challenges as they approach retirement. Unlike their parents,…