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…
Retirement News, Information and Guidance
Disclosure: Some links on this site, may be affiliate links. If you click on one of these links and buy from the affiliated company, then we receive some small compensation. The modest income helps to support our work. Affiliate links do not increase your cost, and we only use them for products or services that…
You probably looked at your parents’ and grandparents’ retirement as times of slowing down. But, if you are in your 50s, 60s and even 70s or 80s, I am willing to bet that is not how you feel about your own future. Now — the age of retirement — is an exciting time to restart…
Stocks that pay dividends can be enormously appealing to retirees. But what to do with those dividends can be confusing. Should you participate in a Dividend Reinvestment Program (DRIP)? Or should you just cash the check? Before answering that question, let’s learn a little more about dividends. What is a Stock Dividend? Different companies offer…
Episode 16 of the NewRetirement podcast is an interview with Michael Batnick — Director of Research at Ritholtz Wealth Management LLC and author of Big Mistakes. We discuss what we can learn from the biggest mistakes of legendary investors, his long and winding path to his calling and what he’s learned along the way building…
We at NewRetirement are happy to announce delivery of some of the most requested retirement planning features: a printable report and downloadable data. PlannerPlus subscribers can now use PlannerPlus Reporter to: Download your retirement plan data into a spreadsheet for your own custom analysis Print a personalized report to peruse on your own or with…
Is the retirement crisis real? Whether or not you yourself are suffering, financial anxiety is acutely felt by many Americans. Research from the Employee Benefit Research Institute (ERBI) finds that the median retirement account balance for households led by someone between the ages of 55 and 64 is a mere $14,500. If you have more…
Inflation is a dirty word when it comes to retirement finances. We have been lucky for a while. Over the last four decades the United States has enjoyed record low inflation rates. That might be changing and you may want to consider ways to protect your retirement from inflation — rising inflation. Is Inflation Coming?…
Job satisfaction in the United States has been falling since the late 1980s. Across all economic and age levels, around 50 percent of all American workers are unhappy at work according to the Conference Board who has been doing job satisfaction surveys for almost 20 years. Is retirement the answer? Are you retiring to run…
There are a lot of things that can potentially go wrong in retirement. Stocks could fall, inflation could skyrocket, high tides might flood your beach side retirement haven or maybe you tear your shoulder and can no longer golf or garden. None of these retirement events are out of the question, but they are not…
According to a report by NerdWallet, in 2018 84% of people made financial resolutions. If you are among these planners, but haven’t quite achieved your goals, it’s not too late. And, it can even be relatively easy! September, October, November, December… You still have four months to achieve your 2018 money related resolutions! Here are…
Doing a Roth conversion — also known as a “backdoor Roth IRA” — is perhaps even more appealing in 2018 than ever before. Why? Low 2018 tax rates. What is a Roth Conversion? Backdoor IRA? A Roth Conversion is when you convert money that you have in a traditional IRA to a Roth IRA. This…
Episode 15 of the NewRetirement podcast is an interview with Kyle Taylor — founder of The Penny Hoarder — the fastest-growing private media company in the U.S. for the second consecutive year. We discuss how mission-based work, the gig economy and millennial financial practices could be applied to entrepreneurs and achievers of all ages. Listen…
The stock market is enjoying a crazy long record setting expansion. By some measures, this is the longest bull market in the history of the United States. If this fact makes you nervous, you are not alone. No one wants their retirement savings at risk. So, Will the Stock Market Crash? Ha. Thought you’d get…
If you made it into the ranks of high income earners, you are probably going to be okay in retirement. If you are part of the working class, the news is not as great. The first victims of the income gap are beginning to retire and feeling financially secure in retirement will be difficult for…
It’s easy to assume that financial confidence increases over time. You make more money as you get older after all. However, the opposite appears to be true. Recent research suggests that financial stress — not confidence — increases as we age, peaks in mid life and then gets better through our 60s. This financial stress…
The more things change, the more they stay the same. In response to privacy concerns about the old Medicare cards that included your Social Security number on them, Medicare is in the process of issuing new Medicare cards. The new cards have a new number, but not much else is changing. Your wallet will hopefully…
For many people, a Reverse Home Mortgage is a good way to increase their financial well-being in retirement – positively affecting quality of life. And while there are numerous benefits to the product, there are some drawbacks — reverse mortgage disadvantages. Reverse Mortgages are providing improved financial security, a better lifestyle and real financial relief…
Episode 14 of the NewRetirement podcast is an interview with Jim O’Shaughnessy – founder of O’Shaughnessy Asset Management. We discuss the investing lessons he’s learned from 30 years of investing – partially summarized in this tweet storm and why human behavior is the most predictable (and exploitable) element of the stock market. Listen Now: Don’t…
When most people think about financial and retirement planning, feelings of stress, worry and anxiety rise in our throats. And, this stress exists for good reason. Less than 50% of people have a written retirement plan. The majority of people simply don’t have enough saved for this time of their lives. And, even if you…
We all love reading lists of the best places to retire. They interest us and they make us think about what is possible in retirement. Should you relocate? Or, is staying put one of the best places to retire? Why Relocate for Retirement? Days in a hammock on the beach? Fishing mountain streams? Long afternoons…
An Investment Policy Statement (IPS) is a document that is usually drafted by a financial advisor for their client. An IPS is meant to define: Investment goals Strategies for achieving those objectives A framework for making intelligent changes to your plan Options for what to do if things don’t go as expected Keep your retirement…
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…
A reverse mortgage is a federally insured loan for homeowners who are 62 years of age and older. On this page you’ll find lots of information about reverse mortgages and a link to our reverse mortgage calculator. Use this guide to reverse mortgage calculations to help understand: How Much Money Can I Get from a…
Your brain is not necessarily set up in a way that makes it easy to plan a secure retirement. You have cognitive biases — faulty ways of thinking that are unfortunately hardwired into your brain — that work against you. Wikipedia lists 185 different kinds of cognitive biases. While they are all probably somewhat damaging…
