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5 Misunderstood Retirement Rules of Thumb
Tweet Share on Facebook June 30, 2010 CommentThere are many retirement rules of thumb that we are all familiar with. Rarely will anyone question the validity of universally accepted advice. But few generalized pieces of advice are bullet proof. Not every retirement technique is true and others are misinterpreted. Here are five often misunderstood retirement rules of thumb.
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How to Retire in a Recession
Tweet Share on Facebook June 29, 2010 Comment (7)I retired in March of 2008, when the Dow Jones Industrial Average was at 12,266. I then watched in horror as the market slid 46 percent my first year of retirement, cracking my nest egg and leaking my money all over Wall Street. In just one year the market had erased nearly all the gains of the preceding decade — clearly not what I had in mind the day I quit my job forever.
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How to Find Hidden Retirement Money
Tweet Share on Facebook June 29, 2010 Comment (6)The average baby boomer worked 10 jobs by his or her 42nd birthday, according to a 2008 Bureau of Labor Statistics survey. Younger people change jobs even more frequently — as often as every one or two years when they are fresh out of college.
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The World’s Most Affordable Retirement Haven
Tweet Share on Facebook June 28, 2010 Comment (57)One of the most motivating reasons to retire overseas is the cost of living. Living in another country can cost considerably less.
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How to Invest for Retirement Without a 401(k)
Tweet Share on Facebook June 25, 2010 CommentAbout half of all U.S. households have access to a 401(k) at work. Lucky for them. But what should you do if you don't have access to a 401(k)? Is all hope of a secure retirement lost? Quite the contrary. You actually will have a bit more flexibility with your retirement savings options. But you will need to be a little more proactive in your efforts. There's no human resources department available to set it all up for you. Here is how to plan for retirement without a 401(k).
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Three Steps for Easing into Retirement
Tweet Share on Facebook June 24, 2010 CommentThinking about a future retirement can be fun. Easing into retirement is better than jumping into the unknown. You need to engage in positive steps that can move you closer to a retirement goal, even while you are still working full time. These three steps will help you transition into a successful retirement.
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Why You Shouldn’t Chase Returns in Retirement Accounts
Tweet Share on Facebook June 23, 2010 CommentMany of us can enjoy life much more if we are more conservative with our investments. Even Warren Buffett keeps a huge pile of cash at all times without worrying that he isn't trying to maximize his return. In his shareholder letter Buffett wrote, "The $20 billion-plus of cash equivalent assets that we customarily hold is earning a pittance at present, ... But we sleep well."
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How to Play Defense with Retirement Savings
Tweet Share on Facebook June 22, 2010 Comment (1)Winning teams are built on offense and defense. If you equate your retirement planning to a sports team, you would most likely consider your investment portfolio as your offense. Scoring goals and making money are similar. But very few winning teams are built on offense alone.
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5 Ways to Wreck Your Retirement
Tweet Share on Facebook June 22, 2010 Comment (5)Ah, retirement. It can be filled with unlimited rounds of golf, endless hours in the hammock, or years of jet-setting around the globe. Whatever your vision is for these longed-for years of leisure, don’t let these five things wreck your retirement.
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Consider a Part-Time Retirement Abroad
Tweet Share on Facebook June 21, 2010 Comment (1)There are plenty of drawbacks to permanently exiting the United States in retirement. Selling everything you own, packing your bags, and leaving your home, your family, and your friends may seem bold, intimidating, even ridiculous.
