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6 Retirement Questions You Should Ask Yourself
Tweet Share on Facebook July 21, 2010 Comment (3)When it comes to our retirement, we like to worry. Yet, you'd be surprised at how many people have never taken the time to truly assess the likelihood of their wealth lasting throughout their own lifetime. Here are six questions that you should be able to answer about your retirement.
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3 Ways Your Credit Score Impacts Retirement Readiness
Tweet Share on Facebook July 20, 2010 Comment (1)Your credit score can be an important component of your financial planning. While it's possible to make it through life without ever taking out a loan, most people can't afford to buy a home or pay for college with cash. A good credit score can help you take on an affordable loan to tackle these large expenses. Your credit score can also be an important indicator of financial health. Here are three ways your credit score might be affecting your retirement readiness.
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7 Secrets to a Happy Retirement
Tweet Share on Facebook July 20, 2010 Comment (8)Some folks transition seamlessly into a happy retirement and get right to the business of enjoying their new lives. But other people have a tougher time entering the retirement years. Some of these folks may wonder whether they are really cut out for retirement at all. Here are seven traits happy retirees share.
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How Much Money Do You Need To Retire Overseas?
Tweet Share on Facebook July 19, 2010 Comment (8)Don’t worry about how much money is enough to buy you the retirement life you want in a new country. Instead, figure how much money you have for retirement.
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5 Reasons You Are Not Saving Enough for Retirement
Tweet Share on Facebook July 16, 2010 Comment (6)A large portion of the U.S. workforce isn't on track to retire with adequate savings, according to a recent study by Hewitt. Here are five reasons that you might not be saving enough for retirement and how to motivate yourself to save more.
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Why You Could Be Saving Too Much For Retirement
Tweet Share on Facebook July 16, 2010 Comment (1)If you're saving 10 percent of your income for the future or investing for retirement, congratulations. Even if you never become rich in your lifetime, you'll likely be in a better financial situation than most Americans when you retire. Unfortunately, the rising cost of living and unplanned events will conspire to keep your wealth down as you try to make it grow. It's no wonder people are tempted to go into debt when the other option is to work harder, earn more money, and reduce expenses.
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3 Sunk Costs That Can Sink Your Retirement
Tweet Share on Facebook July 15, 2010 CommentI periodically find myself hesitant to make sound financial decisions because of money that I’ve already spent. Behavioral economists call this tendency the sunk cost fallacy. But your future money decision making should not be influenced by thoughts of past expenditures that cannot be recovered.
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6 Steps for a Retirement Plan Review
Tweet Share on Facebook July 14, 2010 CommentMost people with a 401(k) have already done the hard work of setting up a retirement plan. Now all that's left to do is the most ignored part of the whole retirement planning process: periodic review. You need to make sure the plan still meets your expectations and needs.
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5 Bad Habits Sabotaging Your Retirement Plans
Tweet Share on Facebook July 13, 2010 Comment (5)The retirement goal for most people is to have enough money to continue their previous standard of living without working. Some retirees will also increase their living expenses a notch or two by taking trips and spending more time with family and friends. If your goal is to leave the workforce, then make sure you don't have any of these bad financial habits. Left unchecked, these financial choices can quickly derail your retirement plans.
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10 Retirement Letdowns
Tweet Share on Facebook July 13, 2010 Comment (9)After retirement you no longer jump out of bed to an alarm each morning. You linger over your morning coffee while you read the paper from cover to cover and bask in your newfound freedom. It doesn’t take very long, though, before you come to realize that a few things about retirement could be disappointing.
