Retirement Planning

ADVERTORIAL Financial planning is probably not on your top ten list for how to spend your time. However, getting your hands around your finances and planning a secure future retirement can make you feel great. And, it doesn’t have to be hard. Here is your complete retirement planning guide. This simple eight step plan will…

Episode 45 of the NewRetirement podcast is an interview with Alan Donegan — founder of PopUp Business School and host of the Rebel Entrepreneur with ChooseFi — and discusses Donegan’s own journey to financial independence and the people that he’s met along the way. They also go in-depth on how to start a business. Spoiler:…

Personal finance, investments and much more. Find fiction and many books on achieving a meaningful, happy, healthy and successful retirement.

The summer of 2020 hasn’t felt much like a summer since we’ve been working from home and not traveling since March. Whether you’re going on an all-American road trip in August, making s’mores in the backyard, or even if your vacation plans have been put on hold till 2021, these new and newly updated retirement…

Understanding the difference between the future value of your money versus the present value of your money can be tricky.  (Using a future value retirement calculator can make it easy though.)  Once you get your head around the concepts they are pretty simple, and you’ll see why understanding this way of thinking about cash is…

Episode 43 of the NewRetirement podcast is an interview with Christine Benz — author and Morningstar’s director of personal finance — and discusses the big financial and life lessons Benz has picked up over her 25-year career at Morningstar. They also talk about Benz’s works, 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances…

You’ve spent your entire working career saving and investing for retirement. Now it’s time to develop a retirement withdrawals strategy. When you are thinking about withdrawing money from your retirement accounts, it’s important to come up with a strategy that ensures that your savings are going to last for a lifetime, are used efficiently, and…

Before retirement, life has a predictable routine. Work takes priority, and oftentimes everything else is scheduled around it. From laundry to mowing the lawn, many people plan and keep a routine so that everything gets done. After retirement, there’s nothing but time! So, it might seem that schedules aren’t crucial. But a routine might be…

It has been nearly 30 years since the hit television sitcom starred in living rooms across the nation. However, we may be just reaching the golden age of the Golden Girls. While their arrangement may have seemed unusual at the time, four adult women sharing an apartment may not be that far-fetched. In fact, many…

While financial and health concerns are a major part of every person’s retirement decision, it’s important to ask yourself questions that go beyond financial preparedness to help determine at what age retirement is right for you. Americans are living longer than ever. This means that many individuals will actually spend more years in retirement than…

You may be worried that you have not saved enough for retirement. And the first piece of advice from most financial experts is to tell you to save more! However, there is something much more effective you can do to make sure that you have enough money to live on in retirement.For a secure retirement,…

When you hear the phrase “preparing for retirement,” you probably think about savings and budgeting.  However, your finances are just one aspect that you need to consider. Sure, you need to have your financial situation in check when you retire, but other aspects of your life could use some prepping as well. Here are seven…

Baby boomers who are still financially supporting their adult children (a group that is sometimes referred to as “boomerang kids”) are increasingly finding that doing so is keeping them from reaching retirement, a study shows. In fact, only 21% of baby boomers who support their adult children are retired–compared with 52% of baby boomer households…

Would you believe some people give retirement financial planning less attention than planning a vacation, choosing a restaurant, or buying a television? It’s a bit scary, but it’s also true. Retirement isn’t an event, and it’s not something to buy. If you want to keep your current standard of living for the long haul, you’ll…

Chances are you’ll live longer than your parents, and much longer than your parents’ parents lived. While that sounds like a gift at face value, a longer life expectancy brings with it some special concerns, too. According to the Society of Actuaries, an actuary professional organization in Illinois, one of out three males and one…

If you want to achieve retirement security, it may not be adequate to just have enough money saved and have a detailed retirement plan. Even if you have guaranteed retirement income, you’ve maximized your social security, you have terrific supplemental medicare insurance, and you know exactly what you want to do in your golden years,…

Are you thinking about buying a car? Will you need to buy a car at some point when you are retired? Cars can be a big purchase, and you should think carefully about your car choice in terms of your overall financial picture.   No matter when you need to buy a car, you should consider…

When to retire.  Getting the answer to this question is — by far — one of the biggest decisions of your life and a choice that can cause a lot of stress.

For retirees, leaving the workforce means leaving a steady paycheck and beginning to tap into retirement savings and benefits. For employers, the demographic shift means finding talented replacements for individuals who have clocked decades of experience on the job. But there’s a win-win solution for both groups: a “phased” retirement, which allows older workers to…

You’ve been working for over 40 years and now you’re approaching retirement. You have friends who have retired. Some seem happier than others, and you wonder what it will take for you to be happy in retirement. To help us understand the psychology of retirement, here is an interview between Gary Foreman of the website…

You want to know how to retire. Figuring out the answer to this question can feel overwhelming and sometimes impossible, especially if you are already in your 50s or 60s. It has been hard just making ends meet month after month; now you are faced with creating a plan for the next 20 or 30…

Financial planning for retirement takes a more focused turn through your midlife years–from your late 40s through your 50s and into your 60s. At midlife, your income is usually better than when you were younger, and you’ve got more information to work with. If you’re already saving, this period means adding new layers to your…

The life transition of becoming a parent with an empty nest is a life transition that is not often talked about (at least not much as we analyze the impact of other major life events, such as getting married, having children, and retiring).  However, the act of your children leaving home has emotional and financial…

The Scottish poet Robert Burns famously said, “The best-laid plans of mice and men often go awry.” That’s true about almost everything that you undertake in life. However, hoping for the best isn’t the greatest retirement budget strategy. You need a real strategy, and one that’s based on your life now (and the life that…