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2 Unconventional Sources of Retirement Income
Tweet Share on Facebook January 18, 2011 Comment (3)You may have access to some retirement funds that you aren’t aware of. I’m not talking about retirement accounts, pensions, or savings. I’m referring to tapping into your home equity or selling a life insurance policy, both of which many seniors have access to. Here is how to best utilize these unconventional sources of retirement income.
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3 Ways to Track Yearly Progress Toward Retirement
Tweet Share on Facebook January 18, 2011 CommentAre you financially closer to retirement than you were at this time last year? Answering this question can help you monitor your saving and investing progress and provides information that you can act on. Here are some suggestions for tracking your yearly progress toward retirement.
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5 Luxuries You Can Afford By Retiring Abroad
Tweet Share on Facebook January 18, 2011 Comment (5)Retirement overseas isn’t only about the money. The are many benefits of retiring beyond U.S. borders. But choosing to launch this phase of your life on foreign shores means that, even on a modest retirement budget, you can afford luxuries you’d probably never be able to manage back home. Here a few indulgences that may fit into your retirement finances if you retire abroad.
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10 Sneaky New Retirement Costs
Tweet Share on Facebook January 12, 2011 CommentMany people think they will be able to live on less money in retirement. Some people say they will only need 70 to 80 percent of their take home pay after they leave their job. You may have fewer commuting costs, no more retirement contributions and mortgage payments, and will theoretically no longer need a second car. But not everyone’s costs go down.
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How to Find Balance in Retirement
Tweet Share on Facebook January 12, 2011 Comment (2)For most of my 22-year career in finance I craved more balance in my life. I spent the early years of my working life in the tax department of a national public accounting firm. The hours were long, and during tax season my life pretty much revolved around work. Later in my career, my job was nowhere near as grueling, but life was still heavily skewed toward work.
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The Best-Kept Retirement Secret in the Americas
Tweet Share on Facebook January 10, 2011 Comment (15)Medellin, Colombia offers the best overall quality of life of any city in Latin America at a super-affordable price. Real estate is a screaming bargain.
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5 Obstacles to an Early Retirement
Tweet Share on Facebook January 7, 2011 Comment (2)Many people dream of retiring early at 55, 50, or even 45. But it's not just a dream. With enough financial discipline and a little luck, an early retirement can be achieved if you can overcome these obstacles first.
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3 Reasons to Pay Off Your Mortgage Before Retirement
Tweet Share on Facebook January 6, 2011 Comment (4)I periodically hear folks push back against the advice that retiring with a financed home or vehicle is a bad idea. The typical counter-argument to the concept of retiring debt free is that money is cheap now, with low mortgage interest rates and 0 percent financing on new vehicle purchases. Thus, the logic goes, it makes sense to take that low-interest loan so that you can keep your retirement money invested. While some of the math relied on by the debt proponents may be correct, here are three reasons owning still beats financing for most retirees.
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9 Ways to Save More Money for Retirement
Tweet Share on Facebook January 5, 2011 CommentMost retirement advice centers around our investments. We talk about how to best diversify our capital, which funds we should invest in, and how to maximize and grow what we've already contributed. Yet, most people who have created a comfortable retirement are not investment geniuses. They simply lived below their means and amassed their fortunes over time.
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Why Baby Boomers Won’t Reinvent Retirement
Tweet Share on Facebook January 5, 2011 Comment (8)The new year brings with it the first baby boomers turning 65. An estimated 7,000 boomers will turn 65 each day in 2011, and they are actually feeling pretty good about it, according to a new AARP study, Approaching 65: A Survey of Baby Boomers Turning 65 Years Old.
