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Earning Too Little to Save for Retirement
Tweet Share on Facebook May 21, 2013 CommentWhen you’re first starting out on your own, it can be difficult to feel as though you have enough money to save for retirement. Many people have the misconception that they need to have a certain amount of money to start saving for retirement.
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Health Insurance for Less Than $100 Monthly
Tweet Share on Facebook May 21, 2013 CommentIn some places around the world, it is possible to arrange good, comprehensive health insurance for less than $100 per month. In some countries the cost of medical care can be so low that it can make more sense to pay for it as you need it, rather than insuring against it. And, under certain circumstances, health care can even be free. These are all potential upsides of one of the most important, complicated and personal aspects of retiring overseas.
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5 Easy Ways to Save Money in Retirement
Tweet Share on Facebook May 20, 2013 CommentThere are a lot of things that are difficult to control when it comes to retirement. We can’t control stock market returns, the meteoric rise of medical costs or the yearly increases in Social Security payments.
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Will Retirement Stress You Out?
Tweet Share on Facebook May 17, 2013 CommentMany people think they will no longer have stress in retirement. Safely crossing the finish line into retired life is the end goal of years spent working and saving, and we deserve to leave our troubles behind and be happy. But preparing for retirement is no guarantee that your retirement will be exciting or relaxing. Throw in the recession, the challenge of managing our own investments and the potential for health problems and retirement could be downright stressful. Here’s what might cause you stress in retirement:
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Why I Rolled Over My 401(k) to an IRA
Tweet Share on Facebook May 16, 2013 CommentLast year, I left my corporate job and rolled my 401(k) over to an IRA. This was a great decision for me because the stock market did tremendously well over that period. When you retire, you need to figure out whether or not you should roll over your 401(k) to an IRA. There are pros and cons to both options, and every plan is different.
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Don’t Fall for Cramer’s “New Way” to Generate Yield
Tweet Share on Facebook May 16, 2013 CommentJim Cramer is touting a “new way” to generate yield. Actually, there is nothing “new” about it. Cramer believes investors should own dividend-paying stocks because of the low interest rates being paid by money market accounts and CDs. According to him, "everyone should own at least one high-yielder, and those of you who are nearing or in retirement should own many more."
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6 Reasons a 401(k) is Better Than a Pension
Tweet Share on Facebook May 15, 2013 CommentIt’s clear that most Americans aren't saving enough for retirement, and it's easy to put the blame on the current 401(k) and IRA retirement system. After all, the good old days when a traditional pension plan was much more popular seemed wonderful: You could quit your job, sit back and still get monthly income like clockwork.
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The Lazy Man's Way to Save for Retirement
Tweet Share on Facebook May 14, 2013 CommentEveryone knows you're supposed to save money for retirement. So how come, according to the Employee Benefit Research Institute, over half of retirees admit they have less than $25,000 in savings?
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Why Medicare Won’t Cover You Overseas
Tweet Share on Facebook May 13, 2013 CommentIf you're an American considering the idea of retiring overseas, your Medicare won’t travel with you. The United States generally prohibits Medicare from paying for medical services for retirees outside the country and its territories. The more than half a million retired Americans living overseas and the millions more who travel extensively abroad must either go without care until they return to the United States or pay out-of-pocket for the care they need.
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The Case Against Dividends for Retirees
Tweet Share on Facebook May 10, 2013 CommentThis past weekend I had the pleasure of attending the annual shareholder meeting of Berkshire Hathaway. Seeing Warren Buffett and Charlie Munger dish investing wisdom in person was on my bucket list. They didn’t disappoint.
