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5 Cost-Cutting Tips to Stretch Your Retirement Budget
Tweet Share on Facebook January 20, 2012 Comment (3)Today’s retirees must live within carefully defined budgets to make ends meet. A little cost cutting can free up cash for other needs. Here are five quick ways to have more money in your account at the end of the month.
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The Right Focus Can Improve Your 2012 Returns
Tweet Share on Facebook January 19, 2012 CommentMany investors will focus on the wrong ball when making investment decisions for the New Year. For these investors, the light at the end of the tunnel could be a freight train.
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Plan for Life After Retirement
Tweet Share on Facebook January 19, 2012 CommentWork takes up a huge chunk of time every day, and retirement can be a difficult adjustment if you don’t have a plan for all the free time you’ll suddenly have. After the initial retirement euphoria has passed, you will need to find a way to keep yourself busy somehow. Here are some ways to find fulfillment and purpose after retirement:
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What to Do if You Suddenly Need to Retire
Tweet Share on Facebook January 18, 2012 Comment (2)The recent economic downturn has many people murmuring, "I will be working forever." But the reality is that many of us will be forced to retire unexpectedly in our sixties. From layoffs to disabilities or other health-related issues, working forever just isn't in the cards for practically all of us.
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The Real Best Places to Retire in 2012
Tweet Share on Facebook January 17, 2012 Comment (4)A blizzard of articles give advice about the best places to retire. They generally recommend fleeing the North and heading for the Sunbelt, to places in the Carolinas, Florida, or Arizona. Occasionally they offer a surprise retirement spot in Iowa or Indiana. Sometimes they even tout retirement locales outside the United States.
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Starting Over in Medellin, Colombia
Tweet Share on Facebook January 17, 2012 Comment (13)Rich Holman, a native of Texas, first traveled to Medellin, Colombia in 2006 after a divorce. Today he lives in this city full-time and couldn’t be happier with the place where he has chosen to create his new life. He calls Medellin “one of the world’s best-kept secrets.”
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5 Bad Habits to Break Before Retirement
Tweet Share on Facebook January 13, 2012 Comment (5)It’s no secret that most of us have bad habits when it comes to money management. Having a steady income from full-time employment tends to offer up some forgiveness for these transgressions. But bad money habits can follow us into retirement, long after the steady flow of money dries up to a dribble, and cause us to run out of money long before we run out of years. Here are five bad financial habits you should break now in order to keep them from breaking you during your golden years.
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Retirement Planning in a Volatile Economy
Tweet Share on Facebook January 13, 2012 Comment (3)Between a challenging economy and changing demographics, it is getting harder for senior citizens to make ends meet. Many baby boomers are experiencing shrinking 401(k)s, investment losses from erratic stock market gyrations, and declines in property values that have reduced home equity. At the same time, medical costs seem to be going nowhere but up.
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Focus on Cash Flow for Retirement
Tweet Share on Facebook January 12, 2012 Comment (5)Retirement savers are often discouraged by the large number they get from retirement savings calculators and financial advisers. Let’s say you need $2,500 per month to live comfortably in retirement. You will need to have $1.5 million in your retirement portfolio to produce this monthly income using a “safe” 4 percent annual withdrawal rate that is likely to allow your savings to last for 30 years.
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Investors Should Embrace Uncertainty
Tweet Share on Facebook January 12, 2012 CommentI hear a lot of concern about uncertainty in the market. This is understandable. Our domestic economy remains on thin ice, with dangerously high unemployment and record deficits. The recovery is agonizingly slow.
