Retirement Planning

Your retirement plan is a roadmap to your future, but like all plans, it is likely to evolve and change over time.

The economy will not behave exactly as you have anticipated and your own life and goals will also change over time.

And, the best retirement planning goes way beyond your savings and investments. Numerous other factors like Social Security, when you stop work, your longevity, home equity, debt, taxes, income sources, inflation, spending, healthcare costs, lifestyle choices, and more may actually represent greater value or be more important than your savings with regards to your overall financial wellness.

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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.

April 29, 2021

Podcast: Peter Leyden — A Vision of the Future from 2020 to 2050

Peter and Steve discuss what the next 30 years might bring us and how that could impact our lives and the lives of future generations.

April 22, 2021
worried about retirement

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…

April 21, 2021
over saving

Over Saving for Retirement: Advice from Real People Who May Have Saved Too Much

Over saving is by design by some and a mistake for others. Get advice for what to do if you think you are over saving from people who know.

April 7, 2021

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…

April 4, 2021
saving too much for retirement

Are You Saving Too Much for Retirement? (It’s More Common than You Might Think)

We hear a lot of horror stories these days about people saving too little, but the fact is that some people are actually saving too much for retirement. It is possible to have too much of a good thing…  It’s safe to say that my grandfather is one who saved too much because even though…

April 1, 2021
retirement forums

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.

March 29, 2021

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…

March 25, 2021

Podcast: Roger Whitney — Agile Retirement Management

Steve and Roger discuss an agile process to truly rock retirement, not just survive it. Make the most of this period of life.

March 25, 2021

Podcast: Paula Pant — You can Afford Anything but not Everything

Episode 54 of the NewRetirement podcast is an interview with Paula Pant, the Founder of Afford Anything, a personal finance site, and host of the Afford Anything Podcast with 15 million downloads. (congrats!) Paula’s core belief is that you can “Afford Anything but not Everything”, and every decision has a tradeoff. We’re going to discuss…

March 18, 2021
Dig out of a financial hole

17 Ways to Dig Yourself Out of a Financial Hole (and Build Toward Retirement)

 At age 47 I was jobless, emotionally broken after an abusive marriage, and running through savings to keep a divorce attorney in my corner. Grieving my mother’s death and terrified that my disabled adult daughter and I would end up homeless, I couldn’t see any kind of future for myself. Within five years I had…

March 18, 2021

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…

March 18, 2021
retirement manifesto

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…

March 11, 2021
creating a retirement plan

19 Powerful Insights Gained by Creating a Retirement Plan

Recently on the NewRetirement Facebook group, we asked, “What is one insight you gained by going through the process of creating a retirement plan?” It is clear from the responses that creating a plan can create wealth, security, fewer taxes, an earlier retirement, and much more. The insights are varied and reflect the fact that…

March 4, 2021
Alpine Meadows Skiing

Note from the Founder: NewRetirement Pricing Update

This post is about a price increase taking effect on Tuesday, March 2, 2021, why we’re making the price change and our vision going forward.  (NOTE: If you are a current paying subscriber, your fees won’t change.) Read below to learn more about us and why we need to increase prices. We appreciate your support…

February 27, 2021
early retirement tips

29 Early Retirement Tips, Strategies, Tricks, & Hacks

Early retirement is a dream for many Americans, but one that few are sure they’ll be able to reach. In fact, findings from the Boston College Center for Retirement Research have found that the average retirement age has actually risen to 65.7 for college-educated men and 62.8 for college-educated women (while remaining at around 62…

February 25, 2021
money personality type

What is Your Money Personality Type? Will It Impact Your Retirement Security?

Whether you know if or not, you have a type — a money personality type. And, your attitudes about finances will likely impact your retirement.  Knowing and learning about your money personality type can help you avoid pitfalls and use your strengths to your advantage for a secure and happy future. What is a Money…

February 18, 2021
average retirement income 2021

Average Retirement Income 2021: How Do You Compare?

How are you going to pay for retirement? How is everyone else doing it? What is the average retirement income for 2021? Has it changed a lot from past years with the pandemic? Are you anywhere close to average? 2020 was a devastating year for the finances of many households. And surprisingly, it was also…

February 10, 2021
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 health care is one of the most fiscally 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…

February 10, 2021

When to Retire: What Difference Does a Year Really Make? Should You Retire Soon or Delay?

In some cases a year can make a huge difference. Think back to 2019. It was certainly different than 2020 (to say the least). But sometimes years go by and not all that much has changed. Knowing when to retire is a huge decision. It can be easy to put it off a year and…

February 4, 2021

Rethinking Where and What You Want to Call Home for Retirement

Authors Amanda Lambert, a geriatric care manager and consultant, and Leslie Eckford, a licensed clinical social worker and RN with a focus in mental and geriatric health, have published Choose Your Place, Rethinking Home as You Age. The book is great for anyone who is thinking about retirement and is willing to consider where they…

February 1, 2021

Podcast: Ben Carlson — Everything You Need to Know About Saving For Retirement

Episode 52 of the NewRetirement podcast is an interview with Ben Carlson — Director of Institutional Asset Management at Ritholtz Wealth Management — and discusses whether we’re in a bubble, how to invest in a bubble, and Carlson’s new book, Everything You Need To Know About Saving For Retirement. Listen Now: Don’t miss out on…

January 28, 2021
retire like an adult

How to Retire Like an Adult: A 10-Point Checklist

If you are in your 50s or 60s, you are probably hoping to find the fountain of youth. However, when you plan your golden years it is best to retire like an adult. Retiring like an adult gives you the financial freedom to pursue the life you want — even if that means doing things…

January 28, 2021
average retirement savings

How Much Should I Save for Retirement? Average Retirement Savings Rates for Every Age

Keeping your retirement savings on track helps you meet your retirement goals. That seems like a very simple concept, and in a way it is. But living with that plan every day isn’t quite so simple. Knowing how much one should save for retirement is useful — it can motivate you to take action. And…

January 21, 2021

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Take financial wellness into your own hands and do it yourself retirement planning: easy, comprehensive, reliable.