Steve Chen

Steve founded NewRetirement after helping his mom plan her retirement and seeing the need for great free resources. He's worked at leading financial services firms like Charles Schwab and Wells Fargo, built financial services systems used by Fortune 100 companies and started another successful Internet company that focuses on life transitions.

Recent posts by Steve

Henry “Bud” Hebeler in Memoriam: A Life and Retirement Well Lived

Henry “Bud” Hebeler died on August 21, 2017 in Bellevue, Washington at the age of 84. Bud was a graduate of the Massachusetts Institute of Technology, graduating with three degrees, numerous awards and several fellowships.  After graduation he began his career as an engineer at Boeing Aerospace Company and worked his way to becoming president…

Early retirement

5 Steps for Defining Your Retirement Drawdown Strategy

If you’re reading this, you’re likely someone who: saves money, has built up some assets and is starting to think about how to create a retirement drawdown strategy — a plan for how to turn your assets into income that will last for life.  (Nice work!) Having a sound retirement drawdown strategy and keeping to…

Robyn Bri

Meet the 18 Year Old Who Has More Retirement Savings than the Average 50 Year Old

Robyn Bri is 18 years old and just graduated from high school in Marin, CA.  In some ways, she is an average high achieving kid.  In another way, she is very remarkable. Although retirement is a long ways off for Bri, she has already saved over $85,000 by working part time jobs and investing. Yes,…

retirement withdrawals

How to Manage Retirement Withdrawals to Pay Less in Taxes and Maximize Income

A lot has been written about saving and accumulating enough for retirement. But that’s only half the battle. Once you reach retirement it is important that you manage your retirement withdrawals from various accounts as tax-efficiently as possible. Taxes will likely be one of your biggest expenses in retirement. A tax-efficient withdrawal strategy can be…

retirement income

How to Build a Retirement Income Plan

“The most important thing you can do for your retirement is have a plan — specifically a retirement income plan. A plan covers far more than what investments to pick. Investments are the last part of the plan; the icing on the cake. They should come only after you have the main meal menu in…

Making the most of Social Security

7 Insider Tips for Getting the Most from Social Security

Mary Beth Franklin is a nationally recognized expert in Social Security claiming strategies, she is also a frequent public speaker.  And, she literally wrote the book (“Maximizing Your Clients’ Social Security Retirement Benefits,”) that retirement planning experts use to advise clients on Social Security. Here she offers you her Social Security expertise with 7 insider…

FIRE -- Financial Independence Retire Early

Is Your Retirement on FIRE? Financial Independence Retirement Early

This article deals with what FIRE is, what devotees believe, who’s doing this and are there lessons for the more traditional retirement planners that NewRetirement is trying to help.   What is FIRE?  It stands for “Financial Independence / Retiring Early” – in a nutshell it’s about making some significant lifestyle choices immediately to try…

reverse mortgage

Bumpy Road in Retirement? Learn How a Reverse Mortgage Can Be Your Spare Tire

The road in retirement can have all sorts of twists, turns and probably some pot holes.If you’re not prepared, these bumps have the potential to derail your financial security. However, you can have a contingency plan for when the path gets rocky. A reverse mortgage can be a spare tire for your retirement — there…

retirement income

10 Expert Retirement Income Strategies: Get Ready to Play a Whole New Ballgame

If creating retirement income feels impossible, it might be because it’s a whole new ballgame for you. Learn the new rules and you can hit the retirement income home run! We’ve spent our whole lives working, spending the money we earn and hopefully saving a little too.  When we retire, everything we have ever experienced…

medicare cost

6 Ways to Cover Your Medicare Cost in Retirement

During retirement, most expenses decrease on average. This includes housing, clothing and transportation. But there’s one expense that has been shown to increase and consume a large portion of older American’s incomes: health and Medicare cost. The share of the 75-plus population’s total spending that goes toward health care is 15.6 percent, which is nearly…