Retirement News, Information and Guidance

Taking a sabbatical leave

Taking a Sabbatical Leave: A Sneaky Way to Get an Early (Temporary) Retirement!

Early retirement is something most of us dream about.  But it is usually just that — a dream.  However, have you considered a sabbatical?  A sabbatical can be a meaningful and highly satisfying way to to get an early, albeit temporary, retirement. Sabbatical or Burnout? Sabbatical Meaning What Exactly? Sabbaticals, mini retirements and gap years…

pre retiree get ready to retire

5-10 Years from Retirement? Get Ahead With These 12 Tips!

On your marks, get set…. RETIRE!  If you are in your 50s or 60s, you are probably about 10 years from retirement (give or take) — maybe you are even 5 years from retirement. Regardless of the exact timing, you are about to step into the starting blocks and race for the retirement finish line….

Podcast: Cameron Huddleston — Mom and Dad, We Need to Talk

Episode 28 of the NewRetirement podcast is an interview with Cameron Huddleston, an award winning personal finance journalist and author, about her experience planning for and caring for aging parents. Her work has appeared in Kiplinger’s Personal Finance, Business Insider, Chicago Tribune, Fortune, Huffington Post, Money, MSN, USA Today and many other publications. A mom…

You Might Have Less in Your Retirement Account than You Think You Have!

I hate to be the bearer of bad news, but you might have less in your retirement account than you think you have! At least the worth to you might be less than you imagine. Really! Your 401k or IRA account balance is not telling the whole story of your wealth — especially if your income…

Rolling Stones Annuities

Gimme Shelter: Why Are the Rolling Stones Hawking Annuities?

The sole sponsor for the Rolling Stones’ US Tour 2019 is the Alliance for Lifetime Income, an advocacy organization whose purpose is to help Americans address the risk of outliving their retirement income. No drugs, sex, cars or even fashion — annuities. Why Annuities? It may seem a surprising choice of sponsor for The Stones…

SECURE Act

The SECURE Act: Will Retirement Get Easier?

The House of Representatives’ Setting Every Community Up for Retirement Enhancement (SECURE) Act and a similar bill in the Senate, the Retirement Enhancement and Savings Act (RESA) are bills backed by both Republicans and Democrats (gasp!) that aspire to improve retirement and retirement planning for Americans. The Secure Act was approved by the House of…

retirement investing

Retirement Investments for Dummies: Get the Answers You Need to Rest Easy

Sorry. You probably are not a dummy about everything. But, research suggests that almost 80 percent of all Americans have a very low financial IQ (What’s yours? Take the quiz now.) So, the chances are high that you are a personal finance and investment dummy! And, good for you for doing something about it. (Maybe…

Podcast: Jim McCarthy — A Simple Guide to Happiness

Episode 27 of the NewRetirement podcast is an interview with Jim McCarthy who’s a TEDx speaker, Stanford MBA and best-selling author. Jim had a complete life reset after getting a cancer diagnosis and we discuss his story, best practices from his new book Live Each Day and what’s next. Listen Now: Don’t miss out on…

worried about retirement

Worried About Retirement? Try Changing Your Perspective

Your attitude toward anything in life is all based on perspective.  If you are worried about retirement, maybe you just need to change your approach.Albert Einstein is credited with this saying that shows how a flipped perspective can change how you think: “Everybody is a genius. But if you judge a fish by its ability…

retire like an adult

How to Retire Like an Adult: A 10 Point Checklist

If you are in your 50s or 60s, you are probably hoping to find the fountain of youth. However, when you plan your golden years it is best to retire like an adult. Retiring like an adult gives you the financial freedom to pursue the life you want — even if that means doing things…

Volunteering After Retirement: 6 Tips for Making an Impact

If volunteering after retirement sounds appealing to you, you are not alone. More than ever, workers over 50 are looking toward careers in the nonprofit world, seeking a second chance at purposeful work. In fact, more than 25 million Americans ages 50 to 70 are eager to share their skills, passions and expertise in encore…

best reverse mortgage

How to Get the Best Reverse Mortgage

If you want to stay in your home and either increase your financial flexibility or improve your everyday cash flow, then you should consider a reverse mortgage. If you decide that the loan is interesting, then you probably want to know how to get the best reverse mortgage. Follow these 7 steps to the best…

retirement quotes

Jobs for Seniors — How to Find Them

Working as long as possible is a recommended retirement strategy for almost everyone. There are so many benefits to working as long as possible and they are not only financial.  Working keeps you young, happy and healthy. Near retirement and looking for a job? It may be time to teach the old dog some new…

medical coverage before age 65 answers

Real Life Questions and Expert Answers About Medical Insurance Before Age 65

Many people want to retire before they are eligible for Medicare at age 65.  However, figuring out health insurance — and how to afford that coverage — is very difficult.  It can be very expensive, depending on your circumstances!  And, let’s face facts, health factors are more prevalent and unpredictable at this age.  You need…

how much money do i need

What Happens if I Really Do Run Out of Money in Retirement?

If you are worried about running out of money in retirement, you are not alone.  Running out of money is the main concern of most people in or approaching retirement. And, there is VERY good reason to be concerned — VERY concerned. Most of us do not have enough money for retirement. Let’s explore this…

Are You Saving Too Much for Retirement? (It’s More Common than You Might Think)

We hear a lot of horror stories these days about people saving too little, but the fact is that some people are actually saving too much for retirement.

retirement advice

Great Retirement Advice from the Best Graduation Speeches

Graduation and retirement are arguably the two biggest life transitions anyone will ever experience.  With both rites of passage, everything about your daily experience changes in the short term and your goals for the future become more far sighted and poignant. Therefore, we wondered if perhaps retirees had anything to learn from the wisdom of…

life insurance for retirement

Do You Need Life Insurance in Retirement?

A frequent question among those nearing and in retirement is: Do I need life insurance for retirement? The answer, like most financial planning related questions, is that it depends.  When you are working, the purpose of life insurance is usually to replace your income or pay off large debts in order to help provide for…

Retirement

Retirement Reinvention: Hold Steady or Become a New You?

Retirement reinvention!?! Maybe you want nothing to change once you retire, or maybe you’re anxious for that next new phase and what it could bring. Retirement isn’t one idea, and it’s definitely not static. It’s just the next stage. And with Americans living much longer than ever before, it can last more than 20 years….

Early Retirement

Early Retirement: 37 Tips, Tricks & Hacks for Reaching your Goal

Early retirement is a dream for many Americans, but one that few are sure they’ll be able to reach. About half of Americans retire early — between the ages of 61 and 65. That’s a full five to six years before full retirement age as defined by the Social Security Administration. Eighteen percent of Americans…

best retirement investments

The Best Retirement Investments to Achieve Your Retirement Goals

The best retirement investments depend entirely on you and your goals. Don’t dive into anything or let anyone tell you how to invest unless they understand how much money you have and what your goals are for that money. When will you need or want it? What will you spend it on? You have so…

make the most of medicare Close up of senior woman in checked blue shirt inside vintage pickup truck

12 Tips for a Healthy Retirement and Making the Most of Medicare

Medicare is a hugely popular program, providing health coverage to the vast majority of Americans over 65. Here are a few tricks for taking care of your health and making the most of Medicare… 1. Understand Your Medicare Options Once you turn 65, you need to make choices about your Medicare coverage. Will you choose:…

Podcast: Todd Tresidder — The Leverage Equation — Maximize Your Money & Time

Episode 26 of the NewRetirement podcast is an interview with Todd Tresidder who is an author, former hedge fund manager and founder of FinancialMentor through which he provides tools, courses and coaching. We discuss his new book The Leverage Equation and ideas about how to lever up your time, money, technology, network and experience. Listen…

best retirement

Do You Even Have What it Takes? 8 Skills You Need for a Fantastically Happy Best Retirement

Here is some good news: you don’t necessarily need $1 million dollars for a successful retirement. So, what you do need? We did a little digging and here are 8 important skills that will enable you to achieve financial security, health and the best retirement possible. Find out if you have the skills… to pay…

how to apply for social security

How to Apply for Social Security: Easy Steps to the Right Decisions

How to apply for Social Security is very straightforward.  In fact, applying is perhaps too easy for such a very important decision.  The more important and complicated question is: When to apply? But, let’s get started with the easy part… 6 Steps to Apply for Social Security Just follow these six steps… Step 1: Make…