Category: Retirement Planning

saving too much for retirement

Are You Saving Too Much for Retirement? (It’s More Common than You Might Think)

We hear a lot of horror stories these days about people saving too little, but the fact is that some people are actually saving too much for retirement. It is possible to have too much of a good thing…  It’s safe to say that my grandfather is one who saved too much because even though…

Retired Athletes: 20 Valuable Lessons from their Financial Victories and Agonizing Defeats

Retired athletes too often face financial ruin. According to authoritative reporting by Sports Illustrated, approximately 78 percent of NFL players either go bankrupt or face some serious financial stress within two years of ending their playing careers, while 60 percent of NBA players are broke within five years of retiring from the game. More recent…

total financial independence

15 of the Most Important Lessons from Financial Independence Blogs

To gain financial independence for retirement, use the lessons of those who have retired early. Here are 15 of the key lessons from the gurus running the top financial independence blogs. 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,…

Podcast: Paula Pant — You can Afford Anything but not Everything

Episode 54 of the NewRetirement podcast is an interview with Paula Pant, the Founder of Afford Anything, a personal finance site, and host of the Afford Anything Podcast with 15 million downloads. (congrats!) Paula’s core belief is that you can “Afford Anything but not Everything”, and every decision has a tradeoff. We’re going to discuss…

Dig out of a financial hole

17 Ways to Dig Yourself Out of a Financial Hole (and Build Toward Retirement)

 At age 47 I was jobless, emotionally broken after an abusive marriage, and running through savings to keep a divorce attorney in my corner. Grieving my mother’s death and terrified that my disabled adult daughter and I would end up homeless, I couldn’t see any kind of future for myself. Within five years I had…

Am I Ready to Retire? The 8 Unexpected Skills You Need for a Happy Secure Future

If you are asking, “Am I ready to retire?” Here is some good news: you don’t necessarily need $1 million dollars for a successful retirement. So, what you do need? We did a little digging and here are 8 important skills that will enable you to achieve financial security, health and the best most secure…

foolish financial decisions

The 22 Most Foolish Financial Decisions Ever Made

Recently online, individual NewRetirement subscribers were discussing the most foolish financial decisions they had ever made. The conversations were interesting in that many highlighted a few bits of “wisdom” about being “foolish.” Foolishness Can Be a Great Learning Tool Making foolish decisions can be one of the greatest learning tools. “A wise man can learn…

creating a retirement plan

19 Powerful Insights Gained by Creating a Retirement Plan

Recently on the NewRetirement Facebook group, we asked, “What is one insight you gained by going through the process of creating a retirement plan?” It is clear from the responses that creating a plan can create wealth, security, fewer taxes, an earlier retirement, and much more. The insights are varied and reflect the fact that…

early retirement tips

29 Early Retirement Tips, Strategies, Tricks, & Hacks

Early retirement is a dream for many Americans, but one that few are sure they’ll be able to reach. In fact, findings from the Boston College Center for Retirement Research have found that the average retirement age has actually risen to 65.7 for college-educated men and 62.8 for college-educated women (while remaining at around 62…

money personality type

What is Your Money Personality Type? Will It Impact Your Retirement Security?

Whether you know if or not, you have a type — a money personality type. And, your attitudes about finances will likely impact your retirement.  Knowing and learning about your money personality type can help you avoid pitfalls and use your strengths to your advantage for a secure and happy future. What is a Money…

When to Retire: What Difference Does a Year Really Make? Should You Retire Soon or Delay?

In some cases a year can make a huge difference. Think back to 2019. It was certainly different than 2020 (to say the least). But sometimes years go by and not all that much has changed. Knowing when to retire is a huge decision. It can be easy to put it off a year and…

Podcast: Ben Carlson — Everything You Need to Know About Saving For Retirement

Episode 52 of the NewRetirement podcast is an interview with Ben Carlson — Director of Institutional Asset Management at Ritholtz Wealth Management — and discusses whether we’re in a bubble, how to invest in a bubble, and Carlson’s new book, Everything You Need To Know About Saving For Retirement. Listen Now: Don’t miss out on…

Age-Related Financial Vulnerability: Why Making Financial Decisions Might Be More Difficult as You Get Older

All kinds of things happen to our brains and bodies as part of the normal aging process. And while we might prefer to ignore getting old, sometimes it is useful to know what might happen in the future so we can make better plans now. Researchers have discovered that as we get older, core financial…

Podcast: Melissa Fredette — Financial Independence via Real Estate

Episode 51 of the NewRetirement podcast is an interview with Melissa Fredette — former President of Postgraduate Programs at Hult International Business School — and discusses what she learned during her journey to FI and as she transitions into retirement before 50 using a portfolio of rental properties. Listen Now: Don’t miss out on future…

does money buy happiness?

Does Money Buy Happiness? It Can! Here Are 11 Ideas for How to Spend Money to Increase Happiness

They were wrong. The answer to the question does money buy happens is… yes! In fact, the research is overwhelming. And, there are actually multiple ways to spend to increase happiness. Here are 11 ways to spend money to buy happiness. The following 11 tips are valuable whether you are 75, 65, 55 or 15!…

Bad News that Will Be Really Good Economic News in Today’s Topsy Turvy Times

As you look for signs of recovery from the economic turmoil of the pandemic, you’ll want to keep your eye on a few economic indicators that are usually seen as bad news. Why? Well, because in the topsy turvy world we live in today, bad news may actually be good news. Rising Unemployment Rising unemployment…

financial decision

How to Take Control of Your Finances: 29 Pieces of Real Advice from Real People for Real Wealth and Security

Want to know how to take control of your finances? Ask some smart people who are managing their own finances and actively planning for a secure future. On the NewRetirement Facebook group (join now), we recently asked: “What is one action you have taken that has improved your financial life?” How to Take  Control of…

happiness hormones

How to Boost 4 Different Happiness Hormones through Financial Planning

Most people think of financial planning as a source of stress. If this is you, I have news for you: you have it ALL wrong. Creating and following a financial plan is a great way to REDUCE your stress.  In fact, financial planning activities are guaranteed to release the four key hormones –dopamine, seratonin, oxytocin…

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