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How to Withdraw Retirement Funds Before Age 59
Tweet Share on Facebook October 31, 2012 CommentOne of the biggest challenges for early retirees, aside from needing to save much more to have their retirement savings last, is that there are early withdrawal penalties on most pre-tax retirement accounts if you fail to obey the rules properly. This complicates matters for early retirees who want to defer taxes on their retirement savings by contributing to a 401(k). Luckily, there are many ways for early retirees to withdraw funds without triggering a penalty. Here are some retirement planning suggestions if you are trying to exit the working world before the traditional retirement age:
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11 Things to Know Before You Retire Overseas
Tweet Share on Facebook October 29, 2012 CommentAfter three international moves across three continents with two kids, a dog, a turtle, a husband, and two businesses, I’ve learned a few things about relocating overseas. Here are 11 things you should consider when contemplating retirement abroad:
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How to Redefine Yourself in Retirement
Tweet Share on Facebook October 26, 2012 CommentOnce you no longer have a job, you lose a piece of your identity. You need to come up with a new reason to get out of bed, and something to do with all the hours in the day.
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7 Reasons to Rollover Your 401(k) After Retirement
Tweet Share on Facebook October 25, 2012 CommentAfter retirement, you need to decide whether you should roll over your 401(k) to an IRA. Once you are no longer working at a company, it’s often a good idea to move your money to a retirement account that is not tied to your former employer. Here are seven reasons to rollover your 401(k) to an IRA:
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5 Ways to Help Your Aging Parents
Tweet Share on Facebook October 24, 2012 CommentAdvances in medicine are allowing many people to live longer. But living longer can create a whole new set of challenges, as baby boomers are starting to find out. Many boomers will need to take care of their growing kids and their aging parents, sometimes at the same time. Here are a few things you can do to care for your parents while also protecting your retirement finances:
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Beware of These Numbers
Tweet Share on Facebook October 23, 2012 CommentYou run across a lot of statistics in the press and on the Internet—or in presidential debates—and many of them are useful. But many others only tell half the story.
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New Easy Retirement Residency in Panama
Tweet Share on Facebook October 22, 2012 CommentFurthering its reputation as one of the world’s top choices for foreign retirees and expats, Panama, through a series of presidential decrees beginning in May 2012, has made a significant addition to its already generous list of residency programs. Panama’s pensionado program, which allows retirees who can show an income from a pension or Social Security of at least $1,000 per month, is the gold standard of overseas retirement residency options. Now, with what is being referred to as the “Specific Countries” program, this Central American country is opening its doors even wider to citizens of countries deemed “friendly” by the Panamanian government.
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The Reality of Involuntary Retirement
Tweet Share on Facebook October 19, 2012 CommentIt was not all that long ago that people could hope to stay gainfully employed with a company for many years and perhaps even an entire career. Loyalty was a two-way street with employees working hard to complete the tasks at hand while companies valued their individual contribution and experience gained over the years of dedicated employment. The number of years on the job was a plus and seniority was a virtue.
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7 Ways to Go Green in Retirement
Tweet Share on Facebook October 18, 2012 CommentLiving sustainably is doable at any age, but it can be much easier in retirement. Prior to retirement, our time outside of work is limited. We value anything that can save us some time, which is not always the most sustainable option. After retirement, there will be a lot more time available to make a daily conscious effort to be green. Here are seven ways to reduce your carbon footprint in retirement:
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Saving Principles for Retirement Investing
Tweet Share on Facebook October 17, 2012 CommentYou may have heard that your savings rate is the biggest determining factor in how likely it is that you will retire comfortably. Unfortunately, knowing this probably won’t make you save more. Let's face it. Saving is difficult, and it is also quite boring.
