Retirement News, Information and Guidance

Celebrate Retirement with These Retirement Party Ideas! The Best Tips for Planning a Memorable Retirement Commemoration! Fete! Gala! Get Together!

One of the best ways to celebrate retirement is with a retirement party.  Retirement is a huge milestone and a great reason to celebrate.  Throw a party for yourself, get a friend to do it for you.  Celebrate a friend or family member with the best party planning ever! The Big Takeaways… When planning someone’s…

Is $58,000 the Amount of Annual Retirement Income You Need for a Happily Ever After?

Contrary to what many financial planners suggest, you can live on a lot less than 100% or even 80% of your pre-retirement income. In fact, a survey by T. Rowe Price of new retirees who have 401(k) account balances or rollover IRAs found that you can live comfortably on a lot less. The report suggests that nearly…

Podcast: Mary Beth Franklin on Avoiding Big Social Security Claiming Mistakes

Episode 10 of the NewRetirement podcast is an interview with Mary Beth Franklin.  Mary Beth is a nationally recognized expert in Social Security claiming strategies.  In fact, she literally wrote the book (“Maximizing Your Clients’ Social Security Retirement Benefits,”) that retirement planning experts use to advise clients on Social Security. Listen to find out why…

Social Security is Officially Running in the Red and News for Medicare is Worse

Social Security and Medicare are in real financial trouble. If you are of retirement age now, your benefits are probably not in peril. However, nothing is certain and if you dive into the numbers, you can see that there are very real concerns about the future of these programs. Big Problems for Social Security Become Real…

trusts

Purpose Trusts and More: How to Ensure a Meaningful and Long Lasting Legacy

Preparing for retirement means having a financial plan as well as a good idea for what you want to do during this period of your life. Estate planning has a similar duo of goals: You want to establish a clear instructions for how your money and other assets will be distributed as well as figure…

Early Retirement

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

Are You Ready to Catch the Early Retirement Wave? The Big Takeaways… About half of Americans retire early, between the ages of 61 and 65. For younger people, FiRE (Financial Independence, Early Retirement) is a movement gaining significant traction for its ability to let people live the lives they want from a young age. The…

10 best retirement calculators

The 10 Best Retirement Calculators

Retirement planning has never been more complicated. With changes in the economy and uncertain times ahead, you might think you need a finance degree to get it right. But then again, it’s never been so simple. Fortunately, there are tools called retirement calculators that help clear the murky water. A quick Google search will show…

Reverse Mortgage Myths Debunked — You Still Own Your Home and Have Home Equity

For some homeowners over 62 years old, a reverse mortgage can be a great option for improving retirement finances and quality of life. There are, however, quite a few misunderstandings when it comes to these complex financial products. In this article we will debunk a couple myths so you can more clearly decide if a…

Debt Free Retirement! 7 Reasons To Pay Off Every Penny Before You Retire

You’re 70 years old. You shuffle out to your mailbox on a crisp Monday morning and you are not at all surprised by what’s inside: junk mail and bills. “You’ve been pre-approved for this credit card.” — garbage “I’ll do great things for your city. Vote for me!” — garbage “It’s that time of month….

Podcast: Ben Carlson Shares the Wealth (of Common Sense)

  Episode 9 of the NewRetirement podcast is an interview with Ben Carlson — the author of A Wealth of Common Sense (both the book and the blog). Ben discusses his perspective on investing, his work writing and managing money, and the present and future of wealth management.     Listen Now: Don’t miss out…