Category: Retirement Planning

preparing for retirement

Preparing for Retirement: 7 Secret Training Tips for a Successful Future

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…

How Much Time Should You Spend On Retirement Financial Planning?

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…

retirement security

For Retirement Security, Make a Plan for Everything that Could Possibly Go Wrong

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,…

midlife retirement checklist

Retirement Planning at Midlife: 6 Tips for a Secure Future

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…

retirement solution

Retirement Solutions for the 7 Worst Retirement Mistakes

If you are thinking about retirement, congratulations! This is a big decision. Did you make the right retirement preparations? Have you avoided the worst financial mistakes? Do you have the right retirement solutions? A strong retirement plan can mean the difference between outliving your retirement savings and being able to sustain your lifestyle for as…

retirement plan

Make Sure Your Retirement Plan is Ready to Slide into Home Plate

Financial planning for retirement starts sliding into home plate after 50. If you’re lucky, you’ve spent a lifetime preparing for it. You’ve maxed out your tax-deferred investment options, amassed dependable investments, curbed spending, kept debt manageable, and created a sizable nest egg to provide a comfortable retirement income. Not everyone has that benefit, though, which…

achieve a secure retirement

How Real People Achieve a Secure Retirement and How You Can Too

Most people think that retirement planning is complicated and time consuming and maybe even futile. Too many people believe that a secure retirement is beyond reach. However, we have proof that improving your retirement plan is achievable and that it can even be easy and relatively speedy. Recent analysis revealed that a large percentage of…

Retire

Baby Boomers Retiring: The Big Difficulties Facing This Generation

According to the Pew Research Center, the oldest members of the Baby Boomer generation came into retirement age in 2011, and for the next 19 years, 10,000 more boomers will turn 65 each day. The Boomers face unique challenges as they approach retirement. Unlike their parents, most Boomers are not able to rely on pensions…

The Best Retirement Plan: Retire Like a European Socialist in the U.S.

Believe it or not, some European countries have the most secure retirements. However, Americans can emulate their type of financial security using their own resources here. According to the 2019 Natixis CoreData Global Retirement Index, seven of the top 10 best countries for retirement are located in Europe, out of all the nations analyzed in…

Seniors Are More Vulnerable Finacial Scams: Here’s What You Can Do

It’s fairly common to believe that while a financial scam might happen next door, it certainly won’t happen any closer to home. But unfortunately, it happens every day. Who wouldn’t want to win a trip to the Bahamas or get an exclusive deal on an investment? That’s exactly what con artists count on to help…

Planning for Retirement: The 3 Traits Successful Retirees Share

While not everyone is prepared for retirement, some older Americans are faring pretty well. These are the traits shared by successful retirees. According to investment firm T. Rowe Price’s survey of more than 2,500 people who have 401(k) plans and/or rollover individual retirement accounts (IRAs), the top factors contributing to their stable retirement are: Flexible…

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