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Why It’s Important to Pace Yourself in Retirement
Tweet Share on Facebook September 28, 2012 CommentWe spend a lifetime trying to keep up with all of the demands of work, raising a family, paying the bills, and saving for retirement. When retirement finally comes along, many people hope to find the time to slow down a bit. I am not talking about calling it quits and simply vegging out on a lounger in the backyard (although for some people that may be just what they want). Many retirees would prefer to stay active and engaged, while still having the option to slow down to a more manageable pace.
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4 Ways to Grow Your Net Worth in Retirement
Tweet Share on Facebook September 27, 2012 CommentIt is presidential election time again, and we hear that familiar question: Are we better off than four years ago? This is an important question for retirees because, after retirement, they often no longer have a consistent or substantial paycheck.
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Financial News: You Deserve Better
Tweet Share on Facebook September 27, 2012 CommentFinancial journalism in this country has hit a new low. It has historically been a source of misinformation for investors looking to improve their returns, so you shouldn’t be surprised.
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Why Children Should Be Part of Your Retirement Plan
Tweet Share on Facebook September 26, 2012 CommentNot many retirement suggestions raise more eyebrows than suggesting that your children could be a significant part of your retirement plan. But let me explain why the idea isn't as crazy as you might initially think.
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The Pros and Cons of Rental Real Estate
Tweet Share on Facebook September 25, 2012 CommentWe retirees know we don't get any interest income from our bank deposits. And who can blame us if we don't trust Wall Street enough to invest our hard-earned savings in the stock market? Therefore, owning and renting real estate may be an investment option that looks more and more appealing to people no longer working. If you play it right, you can generate a regular, unending stream of extra monthly income. And we all know one thing: Rents never go anywhere but up.
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5 Ways to Pay for Retirement Overseas
Tweet Share on Facebook September 24, 2012 CommentCould you earn an income overseas to support or supplement the cost of living there in retirement? Absolutely. You have two options: you could get a job or you could start a business. Both can be reasonable, realistic ideas, depending on where you want to retire and the kind of life you want to lead in retirement.
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What’s New for Today’s Retirees?
Tweet Share on Facebook September 21, 2012 CommentBaby boomers have already begun their transition into retirement, with many already over age 65. Age 65 became the official retirement age in the days of Franklin D. Roosevelt. Prior to that, most people worked beyond age 65. In 1880, 78 percent of men stayed on the job beyond 65. By 1990, this percentage decreased to only 30 percent.
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The Great Hedge Fund Myth
Tweet Share on Facebook September 20, 2012 CommentThings are looking pretty bleak for the "masters of the universe": hedge fund managers. According to a blog by Jeff Macke, host of Yahoo's Breakout, the average hedge fund was up 3.8 percent through August. Those are pretty dismal returns considering the fact that the S&P 500 index was up 11.9 percent.
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Lifestyle Inflation Can Derail Your Retirement
Tweet Share on Facebook September 20, 2012 CommentLifestyle inflation is one of the biggest enemies of retirement. Of course, we will run into other problems such as unexpected health care issues, economic downturns, and our children's education. However, lifestyle inflation is different because it is completely under our control. Most of us can do a better job at minimizing our lifestyle inflation, but it is very difficult to resist the urge to spend more when you make more.
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5 Retirement Expenses Many People Forget
Tweet Share on Facebook September 19, 2012 CommentHaving a retirement plan to follow is one of the most important steps to take towards financial freedom. But too many people try to finish their plan in one take, leaving out important details that could make a huge difference. For example, it’s difficult to estimate your retirement expenses early in life because prices may significantly change by the time you retire. Here are some commonly missed retirement expenses you need to think about:
