Episode 42 of the NewRetirement podcast is an interview with Scott Migliori — the former Chief Investment Officer for U.S. Equities for Allianz Global Investors and a Chartered Financial Analyst. We discuss Scott’s decision to retire early at age 48, the investment landscape, and how he manages his money in a highly volatile market. Listen…
Key retirement costs are being overlooked by the clear majority of Americans. (Probably not you though, especially if you are a NewRetirement Planner subscriber, but, keep reading to make sure.) According to a 2020 survey by the Employee Benefit Research Institute (EBRI), fewer than 4 in 10 Americans “have planned for emergency expenses or calculated…
Your need for long term care is unknown. What is known is that you do need a plan for funding it, just in case. However, many people rightly ask, “is long term care insurance worth it?” Luckily there are viable alternatives to long term care insurance. Healthy living will help you avoid long term care,…
We’re living healthier and longer. For that we owe a big thank you to the scientists and doctors who make recommendations and medicines that make healthy living possible. But, prescription costs can dig into your budget. It is useful to know how to save money on prescription drugs, especially the drugs prescribed for chronic conditions…
You’ll Laugh (or Cry) When You Read These Famous Quotations About Retirement. As you plan retirement, figure out what to say in a retirement card or write a retirement speech, you will enjoy reading funny retirement quotes, inspirational retirement quotes and much more about this wonderful phase of life. Browse all famous retirement quotes below,…
These funny quotes about getting older and quotes about aging should serve as inspiration for enjoying this remarkable time of life. Funny Quotes About Getting Older “Aging seems to be the only available way to live a long life.” Kitty O’Neill Collins “You can live to be a hundred if you give up all things…
Reverse mortgages were originally designed and still aim to help seniors in need. However, reverse mortgages in 2020 are safer, stronger and better than ever before. These loans have evolved so that they now have many official protections in place to make sure that borrowers are secure. And, more and borrowers are using the loans…
Feeling excited, overwhelmed or unsure about retirement? Start a retirement club!We all need help with our retirement plans but very few of us turn to friends for that support. A retirement club — kind of like a book club where you discuss retirement topics instead of novels — can provide an ideal and friendly forum…
In some ways, managing money in retirement gets a little easier than before. You only have the money you have, so your options are somewhat simpler and more limited. On the other hand, the rules of money management shift in retirement so it may seem more complicated to you. No matter whether you find it…
Roughly 10,000 baby boomers turn 65 each day. Where to retire is a big question for this huge cohort of Americans. It can be an overwhelming decision. Hopefully this retirement relocation checklist and guide to where to retire quiz can help you make a happy decision. There are a lot of factors to consider. Maybe…
Walking is relatively easy and it is key to your good health. The American Heart Association recommends 10,000 steps a day (about five miles of walking). Does that sound like a lot? It might actually not be necessary to walk that far. The American Heart Association Recommendations Heart health is important. The American Heart Association…
The decision to relocate for retirement can be an emotional roller coaster, hugely exciting and a massive financial event. While some people buy bigger, grander or more expensive retirement homes, downsizing for retirement is the savvy strategy — especially for those of us who have not quite saved enough for our golden years. The Transamerica…
Estimating retirement expenses can feel like an overwhelming task. However, if you want a secure retirement, you need to predict how much you are going to spend. Some might say that trying to predict your costs for every month for the next 15-30 years is preposterously impossible. However, it is probably no surprise to tell…
Jim McCarthy is a successful Silicon Valley executive who worked for Yahoo! as employee number 258 and grew up with the industry. In 2013 he was diagnosed with prostate cancer. He decided right then to live each day with purpose. In the process, he wrote a best-selling book with lessons for people in all stages…
Dr. Thomas Boyce is a pediatrician and Distinguished Professor Emeritus in the Departments of Pediatrics and Psychiatry at the University of California, San Francisco. His best-selling book The Orchid and the Dandelion summarizes two types of individuals: dandelions (hardy and propagating) and orchids (requires extraordinary care, but are intricately beautiful). What type you are may…
It’s official. According to the National Bureau of Economic Research (NBER), the U.S. economy officially entered a recession in February of 2020. First, the Bad News The bad news is, the most optimistic economic scenarios of a V-shaped recovery probably won’t come to pass. Experts like Harvard’s Kenneth Rogoff have recently cast doubt on the…
Wealth inequality is real. The disparity effects most of us. However, the black-white wealth gap is staggering. What is Wealth Inequality? Wealth inequality is the gap in net worth — your assets minus liabilities — between the wealthy and the poor. The differences in wealth between the rich and poor in the United States are…
Episode 41 of the NewRetirement podcast is an interview with Glen Nakamoto — retired cyber security analyst and financial planning enthusiast. They discuss how Glen built his own lifetime retirement paycheck with a guaranteed income floor using immediate annuities. Glen outlines how he built his plan and paycheck. Listen Now: Don’t miss out on future…
So, when will Social Security run out? What about Medicare? Social Security and Medicare have been on shaky ground for years, but the impact of the COVID-19 crisis may be accelerating their financial woes. The chances are increasing that you will see your benefits diminished. Keep reading to get informed about the situation and find…
Most people categorize pensions in the same bucket as eight-track tape players, rotary phones, oversized shoulder pads and cathode-ray tube TVs — out of date. But, pensions just might become the latest retro craze — especially those you can create for yourself! NOTE: If you are lucky enough to have a pension, the NewRetirement Planner…
Suze Orman new book? Yep! She has been a source of reliable financial advice for 25 years. Her best-selling book You’ve Earned It, Don’t Lose It has sold over three million copies. The Suze Orman Show was a hit that ran on CNBC for 13 years. And, now it looks like she has another blockbuster…
Last year, the Society of Actuaries (SOA) updated their 2017 Risks and Process of Retirement Survey, providing insights on how Americans decide to retire and manage resources in retirement.The study revealed that for most people, retirement is full of surprises. Most retirees’ experience a life different in many ways from what they originally planned. Here…
Need a helping hand? Find help for seniors with low income The Big Takeaways… A significant amount of qualifying seniors don’t participate in low income benefits because often it’s hard to know what’s available. More options may be available to you during the pandemic. Tools like Benefits Checkup and the Eldercare Locator can help connect…
Episode 40 of the NewRetirement podcast is an interview with Kevin Hanney about the evolution of pensions and the future of employer sponsored retirement & lifetime income solutions. Kevin is the Senior Director of Pension Investments at Raytheon Technologies (formed by the merger of United Technologies and Raytheon) where he helps oversee about $100B retirement…
Despite what many quick retirement calculators lead you to believe, retirement planning is an ongoing process and not something you can do in 5 minutes. Here we break down the steps for creating a plan. Use this checklist for retirement planning if you want to feel great about your financial future.Whether your are fabulously…