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Quiz: Where to Retire Overseas
Tweet Share on Facebook April 30, 2012 Comment (1)The first and perhaps most important step you must take to retire overseas is to picture what you want your new retirement life to look like. To give yourself the best chance of making a successful move abroad, take this quiz.
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7 Questions Couples Should Ask Before Retirement
Tweet Share on Facebook April 27, 2012 CommentPicking a date to retire is a difficult enough decision for one person to make. But spouses need to come up with a retirement plan that works for both members of the couple.
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Why Save for Retirement?
Tweet Share on Facebook April 26, 2012 Comment (1)Retirement saving is hard. Why should I save when I can spend my money now? I can use the money to buy new clothes, tickets to shows, eat out, and many other fun things. There are many practical and emotional reasons why we should opt for delayed gratification and squirrel a portion of our paycheck away in 401(k) and other retirement accounts. If you think saving is tough now, just think how much harder it will be when you’re 65 years old. Here’s why saving for retirement is becoming increasingly important:
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It’s Time to Stop the Plundering of Investors
Tweet Share on Facebook April 26, 2012 Comment (1)The first quarter of 2012 was a good one for the markets. According to an insightful blog by Weston Wellington, vice president of Dimensional Fund Advisors, the S&P 500 Index gained 28.1 percent from a low for the year on October 3, 2011 through March 30, 2012. The Russell 2000 Index also increased by an impressive 36.2 percent.
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Why Retirement Saving Trumps College Tuition
Tweet Share on Facebook April 25, 2012 Comment (2)Many parents give their children financial support to attend college. Helping them to earn a college degree without taking on debt will certainly give your children a great start in their adult life. But too many parents lend support without considering their own financial circumstances, which could turn out to be a huge mistake. While living frugally to pay for college tuition is a worthy goal, it’s not a good idea to fully fund your child's college costs if you need to neglect your retirement savings plan to do so. Here is why you shouldn’t sacrifice your retirement finances to pay for your child's college tuition:
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6 Painless Ways to Cut Expenses
Tweet Share on Facebook April 24, 2012 Comment (1)Those of us who are pushing 60 have seen a lot of economic ups and downs. The latest down was one of the worst, and one of the longest-lasting. Data released this week shows the economy is still struggling. Home sales decreased in March and the four-week average number of people filing for jobless claims increased by 5,500 to 374,750.
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Retire on the Pacific for $1,200 per Month
Tweet Share on Facebook April 24, 2012 Comment (7)Panama qualifies as one of the best places in the world to think about retiring overseas for many reasons. Its location is at the hub of the Americas and the country has developed, near-first world infrastructure. The U.S. dollar is the currency, which makes relocating much easier for expat Americans. There are also international-standard medical facilities and many affordable options for health insurance.
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Will Your Passion Dim in Retirement?
Tweet Share on Facebook April 20, 2012 Comment (1)To enjoy a fulfilling and meaningful retirement, you need to identify what you are passionate about and figure out a way to pursue that activity. Living each day with the simplistic goal of just keeping busy can kill some hours. But to really enjoy retired life, there should be a purpose for each day.
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Don’t Let Affinity Fraud Ruin Your Retirement
Tweet Share on Facebook April 19, 2012 Comment (1)As you build and invest your retirement savings, you need to keep your eyes open for scams. While there are some legitimate opportunities for you to put your money to work for you, you need to be wary of those with less than good intentions. Make sure you vet all investment opportunities that come your way, including those that come from those you trust.
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Why Retirees Will Benefit from Tax Deferral
Tweet Share on Facebook April 18, 2012 Comment (1)There is no question that almost everyone should contribute enough to their 401(k) to get the employer match. But once you get the maximum possible match, where should you invest additional funds? You can continue to save in a 401(k) or allocate some money to a Roth IRA.
