Retirement News, Information and Guidance

Thank You John C. Bogle for the Bogglingly Significant Legacy to Retirement Planning

John Bogle died on Wednesday. He was the founder of the Vanguard Mutual Fund group. However, his real legacy is not in how he built a $4.9 trillion investment company but rather how he led a new way of thinking about retirement investing. Want to be a successful investor?Just buy the haystack (and thank John…

retiring before 62

Retiring at 62 or Before? 9 Ways to Cover Your Health Costs for an Early Retirement

There are a lot of hurdles to overcome when figuring out how to retire early — before 65. However, early retirement healthcare is one of the most challenging. Medical care is going to be expensive no matter when you retire, but the picture is more serious for those who retire early, by choice or otherwise….

Winter Got You Down? Make a Sunnier Climate a Retirement Reality

Rain. Snow. Sleet. Cold. Once the coziness of winter holidays passes, dark weather can weigh heavily on our psyches.  However, when you retire, you have more freedom to seek and enjoy sunnier or more temperate climates. What’s holding you back? Here are nine tips, tricks and things to consider when thinking about a warmer location…

preparing for retirement

Feelin’ Groovy? Slow Down. Don’t Move Too Fast Preparing for Retirement

It seems that we are “feeling groovy” these days about our retirement prospects. Groovier and groovier over the past few years in fact. The Employee Benefit Research Institute’s (EBRI) retirement confidence survey reports that the percentage of workers who feel very or somewhat confident about having enough money to live comfortably in retirement has been…

Podcast: White Coat Investor Dr. Jim Dahle – Top Retirement Lessons

Episode 21 of the NewRetirement podcast is an interview with Dr. Jim Dahle — a hockey playing emergency room doctor based in Salt Lake City Utah who runs White Coat Investor in his spare time. We dive into personal finance and retirement issues like how do you know if you’ve saved enough, what’s a safe…

reverse mortgage lending limits

2019 Reverse Mortgage Lending Limits Increase: More Money for Some Borrowers

The maximum reverse mortgage lending limit is increasing for 2019, allowing retirees with substantial home equity to get more money than was available in previous years. Reverse mortgage lending limits to remain high. A reverse mortgage enables homeowners age 62 and older to access their home equity in the form of a loan. Unlike a…

life after retirement

Prepare for Life After Retirement: 4 Ways to Find Meaning and Purpose for this Stage of Life

While we’re in the daily grind of working for a living, we often visualize life after retirement as happy, stress-free relaxation.Getting a little R&R is certainly important, but there is a limit to the amount of napping, puttering around the house and daytime television a person can take. Without a plan for life after retirement,…

Podcast: Rick Ferri – What Does the Future of Financial Advice Look Like?

Episode 20 of the NewRetirement podcast is an interview with Rick Ferri — CFA, author, and founder of Core-4 — and discusses Ferri’s perspective on investing and the future of financial advice after being in the industry for three decades. They address the difference between investing strategy and investing philosophy, advisors as legal fiduciaries and…

stock market correction

How Much Should You Worry About a Stock Market Correction? Numbers and Tips for Weathering a Financial Storm

The past month has seen some wild dips in the stock markets. Nothing yet too terribly miserable for most, but enough to make us jittery. Should we be worried about a stock market correction? The easy answer is yes. After all, investing in the stock market is inherently risky and today’s world feels more unpredictable…

how to become a millionaire

How to Become a Millionaire… AFTER Retirement…

How to become a millionaire? Increase your wealth? AFTER retirement? Um… No way you might say. So many retirement articles talk about how to make ends meet in retirement. And, most of us are indeed worried about running out of money and ask: “Will my savings really last as long as I do?” However, maybe…

Podcast: Jesse Mecham – Budgeting as a Life Altering Experience

Episode 19 of the NewRetirement podcast is an interview with Jesse Mecham — the founder of You Need a Budget, a CrossFit/PowerLifter and generally strong guy. We discuss why budgeting is a powerful life altering tool for him and their users, how they got started and what’s unique about how they educate people and build…

year end tax advice

Don’t Forget Required Minimum Distributions and Other Year End Tax Advice for Retirees

As if the season wasn’t hectic enough, this is the time you need to make sure that you do everything you can to minimize your 2018 tax burden. Below are four key end of year tax strategies to help you keep more money — including information on new tax rules and how the tax planning…

retirement year end checklist

Your Year End Retirement Checklist: 15 Tips to Get Ready for a Great 2019 and Beyond

Feeling frazzled by holiday fanfare? Do you also have nagging worries about your retirement plans? One of the best ways to control stress of any kind is to make a list and check it twice. And we have done that for you. Here is a handy yearly retirement checklist — 15 things you should do…

2018 Medicare Open Enrolllment

Last Days for Medicare Open Enrollment for 2019: 10 Tips for Getting Great Coverage

Tis the season… No, it is not quite time to decide whether you’ll say Happy Holidays, Merry Christmas, Bah Humbug or none of the above. It does, however, involve shopping! The 2019 Medicare Open Enrollment season is upon us and will last from Oct. 15 to Dec. 7. Now is the time to assess your…

The Retirement Calculator for Married Couples (or Any Couple)

Retirement planning is complicated.  Retirement planning when you are married — or part of any kind of committed couple — is doubly complicated.  You need to use a retirement calculator for married couples.  Or, a retirement calculator for couples. When you are part of a couple, there are literally double the financial considerations. Furthermore, your…

Podcast: Annie Duke — Thinking in Bets — Poker, Decision Making and Behavioral Finance

Episode 18 of the NewRetirement podcast is an interview with Annie Duke — a best selling author, public speaker and former world champion poker professional. We discuss her new book Thinking in Bets which focuses on decision making, beliefs and learning when you have imperfect information through the lens of what she has learned at…

retirement surprises

Retirement Surprises: What I Wish I Knew About Retirement BEFORE I Retired

Are you really ready for retirement? Will retirement be everything you expect it to be? What kind of retirement surprises are in store for you? 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…

jobs for seniors

Jobs for Seniors: What Are the Best Jobs After Retirement?

So, for either financial or personal reasons you think you might want to work past the traditional retirement age of 65. Read below to get answers about the best jobs for seniors: Are there many options for work as a retiree? How do you find the right jobs after retirement? The Big Takeaways… It’s important…

when can I retire?

When Can I Retire? 14 Questions to Help Find Your Answer

It is a question we all ask – often: When can I retire? Maybe: The skies are blue outside your cubicle and you dream of everything else you could be doing besides work. Office politics are tough, you are just tired and you daydream of freedom. Your joints ache and you just can’t lift and…

Should You Tell Family or Heirs About Your Decision to Get a Reverse Mortgage?

The only people you NEED to tell about your decision to get a reverse mortgage are those who are living in your home with you. However, there are many benefits to sharing your decision with other family members — especially potential heirs. Here are 5 reasons why you might want to talk to your loved…

Podcast: Nate Lawrie from Yale All American to NFL Grinder to Entrepreneur

Nate Lawrie was an All American at Yale and then played professional football for 8 years. After retirement from the NFL, he reinvented himself as an entrepreneur. Find out what Nate learned from football and how he applies those lessons to his transition from professional sports to his new business. Listen Now: Don’t miss out…

fund college education

How to Fund College Education When You Are Trying to Retire

College costs can feel overwhelming — especially if you are trying to retire sometime soon (or even just save for a future retirement). How to fund college education is a critical question and families need to explore all of their options. You are not alone if you are worried about paying for both big expenses…

Social Security and Medicare: New Info About Costs and Benefits for 2019

To say that Social Security and Medicare are important to the financial well being of seniors would be an understatement.  Sixty two percent of eligible beneficiaries rely on Social Security income for more than half of their income.  And, almost everyone who is eligible uses Medicare to help fund their healthcare after 65. So, any…

QLAC

Qualified Longevity Annuities Contract: QLAC Pros and Cons

Annuities are certainly not the only solution to being financially prepared for retirement. However, they are a financial strategy you should be aware of.  In fact, research has shown that a version of an annuity, a Qualified Longevity Annuity Contract (QLAC), can boost your retirement readiness. This article explores QLAC pros and cons. They are…

retirement planning checklist

Retirement Planning Checklist: Create and Maintain a Plan You Can Feel Great About

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 retirement planning checklist if you want to feel great about your financial future. Whether your are fabulously wealthy…