Retirement Planning News, Information and Guidance

retirement tax planning 2017

Retirement Tax Planning 2017: Tips for This Year and Beyond

Tis the season… tax season that is.  And, as you transition into retirement and live in leisure, a lot changes and continues to change, especially in the realm of taxes. Retirement tax planning 2017 is critical whether you are retired already or just thinking about it. While you will probably spend less on taxes in…

How much do you need to retire?

Why “How Much Do You Need to Retire” is the WRONG Question!

You might think that the most important retirement planning question is: How much do you need to retire.  While knowing the answer to this question IS critical, there is something else you need to figure out first. You need to know: What do I want to do in retirement? Here are 9 tips for figuring…

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,…

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

Data from the Insured Retirement Institute (IRI) suggests that Baby Boomers are completely busted and busted up about their retirement prospects.  Boomers have made some big retirement planning mistakes — even beyond giving away their record collections. The results of the IRI survey reveal that Boomers have an extremely dismal view of their future prospects. …

Average Retirement Age

Average Retirement Age: Is Early Retirement Even a Thing Anymore?

Up until a few years ago, early retirement was the goal of many older Americans. However, this trend seems to have peaked. What is an Early Retirement? There is no official measure of “early retirement.”  Retirement is a word that has come to mean many different things to many different people. However, when we talk…

Are You Making the Right Retirement Decisions? Find Out Now

We have a lot of choices to make as we approach, enter and live in retirement.  Making the right retirement decisions will impact our emotional and financial health.The major financial levers you have for retirement security include: how long you work, when you start Social Security, your health and healthcare spending, housing and mortgages, and…

transition to retirement

More than 8 Esteemed Experts Offer Smart Strategies for the Transition to Retirement

The transition to retirement is exciting and scary.  Like all big events — graduations, relocations, marriage, childbirth and more — life will never be the same again. To make your planning for this transformation easier, here is advice from retirement and personal finance experts. Go for Risk and Reward You have a lot of choices…

average retirement income 2017

Average Retirement Income 2017: How Do You Compare?

No matter what the average retirement income 2017 data shows, one thing is for sure: many retirees today are living on remarkably little and many are sacrificing essentials to make ends meet. Where will your retirement income 2017 come from? There is some good news though.  According to Fidelity’s most recent retirement readiness survey, “people…

rising interest rates

How to Prepare Your Retirement Plans for Rising Interest Rates in 2017

Most experts agree that we will see rising interest rates in 2017.  Interest rates impact our lives in a wide variety of ways — especially financial. Why Will Interest Rates Rise? Since 2008, interest rates have been at historic lows, below 1 percent. Traditionally, rates have been much much higher — ranging from 16.39 percent…

how much money do i need

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. Most of us do not have enough money for retirement. According to a detailed…