Retirement Planning News, Information and Guidance

Note from the Founder: Hacking Retirement

Achievement unlocked – learned to wake surfphoto credit: Sebastian Chen I read a great post by Morgan Housel on Useful Hacks — the gist of it is that anything meaningful requires hard work, sacrifice and common sense. (Also got to meet up with Morgan at the Evidence Based Investing conference last week!) Last month I…

The Biggest Retirement Planning Mistakes Boomers Made and How to Fix Them

Data from the Insured Retirement Institute (IRI) suggests that Baby Boomers are pretty busted and busted up about their retirement prospects.  Boomers have made some big retirement planning mistakes — even beyond giving away their record collections.  (You didn’t really do that, did you?) The results of the IRI survey reveal that many Boomers have…

Now Available: 7 Big Powerful New Features in the NewRetirement Planner

We have announced this before, but it is true again: the NewRetirement Planner is now better than ever. We are VERY excited to announce the availability of 7 big powerful new features — some part of the PlannerPlus launch — a new premium subscription service. All of these new features are part of our continued…

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…

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…

be happy

Be Happy: 7 Ways to Worry Less About Your Retirement

Don’t Worry… Be Happy… About Your Retirement!!! You can be happy in retirement The Big Takeaways… There are several financial strategies you can use to manage stress, like increasing savings and being proactive about your debt. Reserving time to focus on your happiness can help relieve stress in other areas of your life. The NewRetirement…

Podcast: Chris Mamula on Retirement Early and the Pitfalls to Avoid

Episode 8 of the NewRetirement podcast is an interview with Chris Mamula — a “Financial Independence Retirement Early” (FIRE) proponent and writer for both Can I Retire Yet? and Eat the Financial Elephant. Chris discusses his journey from a “normal” guy to becoming financially independent at 41 years old. In this interview he addresses potential…

retirement income conference

9 Powerful Insights from the Retirement Income Summit

Earlier this week I traveled to Chicago to attend the Retirement Income Summit — a financial advisor industry conference focused on the latest ideas about how to improve and secure retirement income. I saw presentations, met up with insiders in the financial services industry and found a few ideas to help you have a better…

total financial independence

15 Important Lessons from Regular People Who Have Achieved Total Financial Independence

To gain financial independence for retirement, use the lessons of those who have retired early… like really early… The Big Takeaways… Financial independence can be achieved, but it’s about combining lifestyle ambitions with reasonable financial strategies. Financial independence comes with some sacrifice, so it’s important to consider the consequences before committing yourself to an early…

Podcast: PhD on FIRE: Safe Draw Down Rates with Karsten Jeske aka BigERN

Episode 6 of the NewRetirement podcast is an interview with Karsten Jeske (also known as Big ERN).  Steve and Karsten discuss Karsten’s mega financial background and his journey to financial independence. Listen Now:   Don’t miss out on future episodes: subscribe on iTunes subscribe on Stitcher And, join our private Facebook Group to discuss this…

into retirement

Nudge Yourself into Retirement for the Best Years of Your Life!

Beeeep beeeep beeeep… Ugh. The alarm clock. It’s Monday morning and you don’t even want to move, let alone get up, get ready, and head off to work. But…you’re an adult. So, like the past 30, 40 or 50 years, you climb out of bed, put on your classy clothes that you hate, and head…

transition to retirement

10 Exceptional Tips for the Average Joe or Jane as You Transition to Retirement

We boomers were never average.  As the “me” generation, our uniqueness is a badge of honor.  However, approximately 10,000 of us transition to retirement everyday.  And, while we each have specific goals, ideas and financial circumstances, there are some things that apply to us all. Here is some exceptional retirement advice advice for the average guy,…

scarcity

Scarcity: Don’t Let it Steal Your Retirement

Scarcity can be a big problem in all kinds of situations, including retirement. You’re busy – probably more so than you’ve ever been. There are meetings to attend, important emails unread, and looming deadlines that seem more and more impossible with each passing day. You have absolutely no time to yourself, and you do everything…

Happy Retirement

Want to Have a Good Retirement? 50 Tips for a Healthy, Wealthy and Happy Retirement

The Big Takeaways… The way you create your lifestyle in retirement impacts your health, wealth and overall happiness. Health, happiness and wealth all rely on each other, so it’s important to not let your finances take priority over your wellbeing. You can create your own retirement plan in 5 minutes with the NewRetirement Planner. If…

retirement planning

The 7 Best Life Expectancy Calculators and Why You Should Use One When Planning Your Retirement

Your longevity is one of the most significant unknowable factors that determine how much you need for retirement, how much you can spend, how much time you have to do the things you want to do and more. Estimating your longevity using one of the best life expectancy calculators can be a good way to improve…

Note from the Founder: The Why Behind NewRetirement

Blue Bird Day at Squaw with Avalanchephoto credit: Steve Chen Over the past few years I’ve had the opportunity to get to know several people who have achieved financial independence or are on the path to it. People like JD Roth, Darrow Kirkpatrick, Karsten Jaske (Big ERN), Fritz Gilbert, Dirk Cotton, Jillian Johnsrud, Jonathan Clements ,…

NewRetirement Podcast: Morgan Housel on How Millennials and a $30 Trillion Wealth Transfer May Change Our Future

Episode 4 is an interview with Morgan Housel, award winning writer and venture capitalist with the Collaborative Fund. Hosted by Steve Chen, founder of NewRetirement, the NewRetirement Podcast offers interviews about the wise use of both money and time in retirement. We explore ideas and insights so that you can achieve a secure and meaningful…

spend safely in retirement strategy

Want Reliable Retirement Income? Use the Spend Safely in Retirement Strategy

One of the biggest fears you probably have about retirement is will your money last as long as you do. It is likely that you are also asking: How much can I spend?  How much do I need? How much do I actually have? There are so many questions. Good news: the Stanford Center on…

Managing money retirement

10 Great Money Management Tips for Your Retirement

In some ways, managing money in retirement gets a little easier than before.  You only have the money you have, so your options are somewhat simpler and more limited.  On the other hand, the rules of money management shift in retirement so it may seem more complicated to you. No matter whether you find it…

million dollar retirement

3 Steps to a Million Dollar Retirement (Even if You Haven’t Saved Anything Quite Yet)

You have probably read somewhere that you need $1 million in savings to retire.  While that is not entirely true, we are here to tell you that it IS possible to have a million dollar retirement even if you haven’t started saving quite yet. According to a recent GOBankingRates survey, 29% of adults age 55…

comprehensive retirement calculator

15 Scenarios to Try with a Comprehensive Retirement Calculator! Discover Real Ways Strengthen Your Finances

Did you know that a truly comprehensive retirement calculator can do A LOT more than answer the questions most of us know to ask: When you can retire? How much you need to retire? Are you likely to run out of money? There is so much more to retirement planning than just having enough savings….

NewRetirement Podcast: Money, Behavior and Happiness — Steve Chen Interviews Jonathan Clements

Hosted by Steve Chen, founder of NewRetirement, the NewRetirement Podcast offers interviews about the wise use of both money and time in retirement.  Explore ideas and great insight so that you can achieve a secure and meaningful future. In Episode 3, Chen is joined by guest Jonathan Clements — 33-year personal finance journalist and writer…

retirement security

Want Retirement Security? Make a Plan for Everything that Could Possibly Go Wrong

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

retirement income 2018

Average Retirement Income 2018: How Do You Compare?

Retirement income doesn’t just grow on trees… But you can make it grow! The Big Takeaways… Overall, average retirement income has increased in the past year, likely due to gains in the stock market and rising home prices. That being said, lowered interest rates have cut into the ability for retirees to save as much…