Retirement Planning News, Information and Guidance

How much do you need to retire

How Much Do You Need to Retire by 2020?

Lifestyles vary dramatically from one household to the next, and so do retirement needs. Someone who is accustomed to a 6-figure or higher income will have markedly different needs than someone who has a modest lifestyle. And the length of time spent in retirement can complicate matters even further. You could retire with $1 million…

Plan for a place to go and maintaining a regular schedule to insure a happy retirement!

The Secret to a Happy Retirement? A Schedule!

Before retirement, life has a predictable routine. Work takes priority, and oftentimes everything else is scheduled in around it. From laundry to mowing the lawn, many people plan and keep a routine so that everything gets done. After retirement there’s nothing but time, so it might seem that schedules aren’t crucial. But a routine might…

Planning for retirement

Expert Interview with Janet Stanzak, President of the Financial Planning Association

The Great Recession has definitely altered the way Americans spend and save money, says Janet Stanzak, president of the Financial Planning Association. More Americans are living within their means and have reduced debt to improve their balance sheets, and we’ve also increased savings to provide for job loss and emergencies. When it comes to investing,…

Improving your financial literacy

Expert Interview with Vince Shorb on Improving Your Financial Literacy for NewRetirement.com

Vince Shorb’s answer to the question “How literate are Americans when it comes to their money?” is sobering. “Most Americans are financially illiterate,” the CEO of the National Financial Educators Council says. “They never received a financial education and lack the knowledge necessary to make financial decisions that are in alignment with their goals.” Money…

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5 Pro Athletes Who Lost it All & 4 Tips to Avoid Their Retirement Planning Mistakes

Approximately 78% of NFL players either go bankrupt or face some serious financial stress within two years of ending their playing careers, while 60% of NBA players are broke within five years of retiring from the game, Sports Illustrated estimated in a 2009 article. While professional athletes may reach superstardom in the arena, their lives…

Spend the right amount of time planning your retirement -- it is your life!

How Much Time Should You Spend On Retirement Financial Planning?

Would you believe some people give retirement financial planning less attention than planning a vacation, choosing a restaurant or buying a television? It’s a bit scary, but it’s also true according to some recent research. Retirement isn’t an event, and it’s not something to buy. It’s your life and your future. If you want to…

Dealing with dementia is not easy.  Make a financial plan to ease the burden.

How to Deal with Dementia or Alzheimer’s: 5 Retirement Financial Planning Steps

More than 5 million people have Alzheimer’s today, and as the baby boomers age, by 2050 that number is projected to triple. Additional research from the Alzheimer’s Association shows that last year millions of family and friends provided 17.7 billion hours of unpaid care — care valued at $220.2 billion — to loved ones with…

Retirement planning

Expert Interview with Colin Williams on Expert Retirement Planning for NewRetirement.com

Colin Williams has worked almost every aspect of the financial planning industry, starting as a financial advisor and working his way up to top management at major financial firms. Currently, he’s sharing insights on personal finance and retirement planning as the founder and key contributor to Humble Savers. He spoke with us about planning retirement…

Retirement planning

How Much Money Do I Need to Retire? It Depends on These 3 Factors

Retirement isn’t a static thing, and your retirement needs aren’t either. How much will you need? Nobody can say with 100 percent accuracy. There are too many factors to consider. But good retirement planning advice helps you cover all your bases. Retirement spending isn’t the same from person to person, but neither is it the…

Retirement calculator

5 Questions a Retirement Calculator Can Answer for You

Using a retirement calculator can help ease some of the stress of retirement planning. One of the biggest questions people want an answer to is “When can I retire?” There’s a lot to factor in — it hinges on everything else, but a retirement calculator can help. No retirement calculator is perfect, but it can help…