Retirement Planning News, Information and Guidance

happy retirement

Living Simply in Retirement: A Happy Retirement is the Ultimate Luxury

There’s a trend in retirement, and it’s not the luxurious life dripping with luxury vehicles and champagne breakfasts. A simpler and more modest approach has started to gain on the desire for more and bigger things. It’s a scaled down lifestyle where fewer possessions and worries mean more life satisfaction, and it’s attainable on a…

retirement planning

Dismal State of Retirement: How to Turn Lemons into Lemonade

The retirement outlook has changed drastically since your grandparents, and even parents, retired.  In fact, by some measures, retirement might seem as sour as lemons. Some of the bad news is obvious: we have just weathered an immense recession that impacted finances from all angles. And it has changed in some less obvious ways, as…

Winning the lottery and retirement

What Do Lottery Winners and People Near Retirement Have in Common?

Winning the lottery actually has a lot in common with being near retirement age: You can quit working You have finite financial resources at your disposal (Really finite for most of us… In fact  many of us feel like we can not retire unless we actually do win the lottery…) It is a time to…

financial freedom

6 Ways to Achieve Financial Freedom for Retirement

Financially free. It sounds like a great idea, for those who can afford it. But affording it has less to do with how much you earn and more to do with how well you plan for it. There are lots of ways to accomplish financial freedom in retirement. Maybe you’ll continue working. Plenty of people…

best states to retire

The Best States to Retire (and the Best Age to Be) for Your Overall Well Being

Well-being in older adults can be measured in many ways, but it can also be somewhat determined by where you live and how old you are. Gallup’s recent State of American Well-Being found the best states for well being and discovered which age groups feel the most well being. Older is Better! The Gallup report…

Average Retirement Income

Average Retirement Income 2016: How Does it Compare to Your Plans?

The average retirement income is probably a lot less than you think.  As surprising as it might sound, the average American’s retirement income is barely over $1,500 per month or about $18,000 annually, according to the Pension Rights Center. Depending on where you live, that might not even pay the mortgage, not to mention all…

Annuity calculator

How Retirement Calculators Maximize Your Retirement Income

Planning for retirement income sure is different from what it seemed to be a few generations ago. Pensions are practically nonexistent now, but employer-sponsored 401(k) and personal IRA options help you create your own. Counting on Social Security to pay the bills isn’t the wisest idea anymore either, but it is still an important component…

retirement plan

Make Sure Your Retirement Plan is Ready to Slide into Home Plate!

Financial planning for retirement starts sliding into home plate after 50. If you’re lucky, you’ve spent a lifetime preparing for it. You’ve maxed out your tax-deferred investment options, amassed some good, dependable investments, curbed spending, kept debt manageable, and created a sizable nest egg to provide a comfortable retirement income. Not everyone has that benefit,…

retirement plan

Don’t Let Your Financial Attitude Ruin Your Retirement Plans

When it comes to retirement planning, everyone’s goal is pretty much the same: save enough so that you may live comfortably in your non-working days. But for a majority of Americans, this is easier said than done. While Americans do place goals like having a secure retirement high on their list of financial priorities, their…

Retirement plan

Retire a Millionaire on $35? Dave Ramsey’s Retirement Plan

Is it really possible to retire a millionaire by investing just $35 a week? Money management expert and financial author, Dave Ramsey seems to think so… Even for those of us who don’t have an abundance of disposable income!  While we may find it hard to save for retirement, it doesn’t mean that we can’t…