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Tough Challenges Transitioning into Retirement
Tweet Share on Facebook November 30, 2012 CommentTradition dictates that at some point in our lives we will retire. For some, retirement will follow an orderly progression, and at age 65 with a sufficient retirement nest egg saved they will take the plunge. Others will be forced to deal with the harsh reality of difficult times and may find themselves without a job before they are ready to retire. And some people will transition from one career into another, preferring to stay active rather than withdraw from the working world. Whichever path you end up on, moving into retired life can be challenging.
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Rollover Your 401(k) to an IRA in Retirement
Tweet Share on Facebook November 29, 2012 CommentChanging employers or retiring can be a great opportunity to restart your retirement investing with a clean slate. Employer-sponsored retirement plans such as 401(k)s have a lot of restrictions and it is usually difficult to make them work with a particular investment strategy. When you retire, you have the opportunity to rollover the employer-sponsored plan into an IRA. Doing so will give you the freedom to follow any investment strategy you want.
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Learn From the Pathetic Excuses of Active Managers
Tweet Share on Facebook November 29, 2012 CommentIt has been a tough year for active managers and for the financial media, which gives them a forum to tout their stock picking skills. You know there is trouble in paradise when CNBC (the home of Jim Cramer) publishes an article entitled: Why the Days of Stock Picking May be Coming to an End.
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5 Sensible Ways to Combat Inflation in Retirement
Tweet Share on Facebook November 28, 2012 CommentSometimes it's difficult to imagine the significant impact inflation will have on our budget because of the slow and steady pace of price increases. But any retiree can tell you that inflation is one of the most significant financial obstacles to living a comfortable life. After all, a meager 2 percent annual inflation rate since 2000 would mean a 27 percent increase by now. If inflation were just one percentage more at 3 percent, then the increase in prices would be 43 percent.
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The Pitfalls of a Retirement Investment Property
Tweet Share on Facebook November 27, 2012 CommentA little over 10 years ago I bought a one-bedroom condo about 30 miles from where I live. I got it as an investment to supplement my income after I retired.
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How to Pick a Retirement Spot That’s Right for You
Tweet Share on Facebook November 26, 2012 CommentIf you're considering the idea of retiring in another country, where should you be looking? It depends what you're looking for. Perhaps you’re choosing among Latin America, Europe, and Asia. Each choice is very different and has both pluses and minuses.
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How Society Misunderstands the Elderly
Tweet Share on Facebook November 26, 2012 CommentThe complexion of society is changing as 75 million baby boomers begin moving into retirement. Each day 10,000 people reach age 65, which has served as a signal that it is time to retire ever since the Retirement Age Act was passed back in the early 1930s. It is projected that the current 40 million senior citizens will balloon to 89 million by 2050.
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Are You Financially Prepared to Leave Your Job?
Tweet Share on Facebook November 21, 2012 CommentSome people have a target date in mind for retirement. This doesn’t necessarily mean the day you’ll stop working completely. It could be the day you quit your job to go it alone or change careers. It’s good to have a target date in mind so you can prepare for the financial and lifestyle impacts that change brings.
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The Financial Media is a Shill for Your Broker
Tweet Share on Facebook November 21, 2012 CommentA recent blog by Suzanne McGee on cnbc.com (originally published on The Fiscal Times) is a perfect example of how the financial media shills for your broker. McGee identified “4 tech stocks every investor should consider.” These stocks are Apple [APPL], Qualcomm [QCOM], Cisco Systems [CSCO], and Facebook [FB]. McGee believes these stocks are a good place to begin your quest for growth and value.
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Retirement Mistakes Responsible Savers Make
Tweet Share on Facebook November 21, 2012 CommentWith most data pointing out the inadequate savings levels of average Americans, it seems like almost everybody needs to save more for retirement. But it’s also possible to take retirement saving too far, and ruin your current quality of life in the process. Here are a few mistakes that diligent retirement savers should strive to avoid:
