Category: Retirement Planning

An Expert Guide to Big Life Transitions (Retirement and Beyond)!

After a nearly devastating set of personal crises – cancer, near bankruptcy and a suicide attempt by his father – Bruce Feiler spent five years talking to people about their biggest life transitions.  He analyzed what patterns people experienced and what was the key to thriving after a big event.  The result is a method…

Podcast: Christine Benz — Morningstar & 25 Years of Personal Finance

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…

retirement spending calculator

9 Ways to Overcome the Terror of Spending Your Retirement Savings

Terror about retirement spending is not uncommon. In fact, most people are worried about spending their nest egg and running out of money. After all, you have been conditioned for decades to earn, not spend. You were probably a teenager when you opened your first paycheck and officially started the cycle of earning and spending…

keys to building wealth after 50

28 Keys to Building Wealth (Even Building Wealth After 50)

To build wealth, most people think you need a Wall Street job, good luck or just being born into advantageous circumstances. Those things definitely help, but building wealth can happen by following a few best practices and habits consistently. And, you can even begin building wealth in your 50s. It is definitely not too late.…

behavioral finance

Behavioral Finance: 16 Ways to Outsmart Your Brain for More Wealth and a Better Retirement

Your brain is not necessarily set up in a way that makes it easy to plan a secure retirement. You have cognitive biases — faulty ways of thinking that are unfortunately hardwired into your brain — that work against you.  Behavioral finance and behavioral economics are the study of these phenomena. Understanding behavioral finance and…

19 Best TED Talks on Retirement and Aging to Help You Have a Better Future

You want to have a better retirement. But how do you get there? You could spend hours researching the latest science behind happiness, personal finance and investment theory, and health research. Or you can take a few minutes to watch the best TED Talks related to retirement. With their engaging speakers and easy-to-digest format, even…

life expectancy by county

Life Expectancy by County: WHERE You Live May Suggest HOW LONG You Live

Life expectancy has mostly been rising in the United States — overall. However, recent research has found that there are significant differences in life expectancy by county. In fact, in many counties, the average life expectancy is 20 years — TWENTY years — shorter than in other areas.The good news is that some areas of…

Ask Yourself These 3 Questions to Find Out Your Retirement Readiness

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…

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…

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