Should You Pay an Advisor to Help Invest Your Savings?
You want your money to grow. Is an advisor worth it? Should you pay fees based on your assets or an hourly fee. Learn what is right for you.
Author: Kathleen Coxwell
Inflation Risk: Should You Be Worried About Inflation and Your Retirement?
What is your inflation risk? (It just went up.) Here are 8 ways to protect your retirement finances from rising inflation.
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5–10 Years from Retirement? Get Ahead With These 15 Tips!
As a pre retiree in your 50s or 60s you are probably 5-10 years from retirement. Here are 12 things you need to do NOW for a secure future.
8 Ideas for How to Thrive as You Navigate the Murky Transition to Retirement
Heading into retirement can be a difficult in-between-time. Here are 15 ideas for how to thrive as you navigate the transition.
How to Prepare for the Possible Upcoming Federal Tax Changes
Explore the proposed tax increases on the wealthy and find out what to do about it if you might be at risk of a higher tax burden.
14 Myths About Becoming a Millionaire (Including that It Isn’t Too Late Even After Retirement)
For many, becoming a millionaire is a desirable (and useful) milestone. Here are 14 myths about millionaires and some tips for how to become one at any age.
Empty Nest? Why It’s a Great Time to Fill Up Your Retirement Nest Egg!
As you prepare for children to fly the coop, it is worthwhile to consider what type of empty nest parent you might be. Are you: Super proud that they are setting out on their own? Still supporting them financially? Relieved and happy to have more time on your own? Sad and lonely that your children…
8 Ways to Cut Housing Costs for Retirement
Should you try to cut housing costs? Is there an option that is right for you? Downsizing? Retire abroad? Refi? Explore your options.
Worried About Retirement? Try Changing Your Perspective
Flipping your perspective enables you to see things in a new and different way. This fresh approach can change your attitude and help spark creative ways of approaching a problem — even a problem like how to retire or feeling worried about retirement. Your attitude toward anything in life is all based on perspective. If…
Longevity Annuities: Are They the Answer for Your Worst Retirement Fears?
What is it that you fear most about retirement? Do you worry about running out of money? Are you concerned that you might need long term care and won’t be able to afford the costs and that you will become a burden on your family? If you answered yes to either or both of those…
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. Let’s explore this fear. Are you right to be scared? What can you…
Passive Income for Retirement: 12 Creative Ideas to Boost Your Financial Security
Passive income for retirement are income sources that you benefit from without too much effort — the money just flows in. Passive income streams are therefore ideal for retirement. In retirement you are trying to maximize the time we spend on leisure activities while minimizing work or burdensome endeavors.You can generate passive income from savings,…
How to Deal with Dementia or Alzheimer’s: 5 Retirement Financial Planning Steps
More than 5.5 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…
Volunteering in Retirement: 6 Tips for Making an Impact
If volunteering in 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, according to Encore.org, more than 25 million Americans ages 50 to 70 are eager to share their skills, passions and…
What Are the Best Retirement Forums and Early Retirement Forums?
Online retirement forums are great options for discussing money and getting answers to financial planning questions.
Retired Athletes: 20 Valuable Lessons from their Financial Victories and Agonizing Defeats
Retired athletes too often face financial ruin. According to authoritative reporting by Sports Illustrated, approximately 78 percent of NFL players either go bankrupt or face some serious financial stress within two years of ending their playing careers, while 60 percent of NBA players are broke within five years of retiring from the game. More recent…
15 of the Most Important Lessons from Financial Independence Blogs
To gain financial independence for retirement, use the lessons of those who have retired early. Here are 15 of the key lessons from the gurus running the top financial independence blogs. The Big Takeaways… Financial independence can be achieved, but it’s about combining lifestyle ambitions with reasonable financial strategies. Financial independence comes with some sacrifice,…
Hotels, Cruises and Communes! Unexpected Ways to Afford a Little Help as You Age
Most of us are going to need some extra support as we age. Cooking, cleaning, running errands and more are called “activities of daily living” and it can be nice to get help with these tasks as you age. Is retiring to a Holiday Inn the answer? Living independently can be extremely difficult as we…
Social Security Leveling: What is It? Is it Better than a Traditional Pension Payout Option?
You are lucky if you have a pension. You are lucky if your pension gives you different pay out options, but the choice for what to do can be confusing. Pension leveling — also called Social Security leveling — is one payout option that can be confusing. What is Pension Leveling / Social Security…
24 of the Best Ways to Spend Your Stimulus Check
Depending on your income (not your assets), you may be receiving a stimulus check of somewhere between $1,400 and $2,800. How are people putting this money to use? We asked the NewRetirement Facebook group and it turns out that the uses are as varied as we are individually. Many are looking to spend the money…
Am I Ready to Retire? The 8 Unexpected Skills You Need for a Happy Secure Future
If you are asking, “Am I ready to retire?” 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 most secure…
Social Security Strategies: 15 Easy Tips for Making the Best Decisions
Signing up to start Social Security is simple. However, finding the right Social Security strategy for you can be complicated but VERY worthwhile. Here are 15 tips for making the best Social Security decision: Social Security Strategies For Almost Everyone 1. Delay the Start of Benefits for As Long As Possible This Social Security strategy…
Do Social Security Benefits Increase if You Stop Working? Or Decrease?
Do Social Security benefits increase if you stop working? Or decrease?” Learn more and see what applies to your own situation.
The 22 Most Foolish Financial Decisions Ever Made
Recently online, individual NewRetirement subscribers were discussing the most foolish financial decisions they had ever made. The conversations were interesting in that many highlighted a few bits of “wisdom” about being “foolish.” Foolishness Can Be a Great Learning Tool Making foolish decisions can be one of the greatest learning tools. “A wise man can learn…
What is Your Retirement Manifesto?
A manifesto is a declaration of an individual or group’s intentions and motivations. Most big life events involve some kind of manifesto — whether you call it that or not. Contracts, wedding vows, and employment agreements are all declarations of your intent. Retirement is actually an ideal time to write a manifesto. Retirement is your…