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Your 401(k) is Not a Savings Account
Tweet Share on Facebook October 19, 2010 CommentOne of the positive affects of the recent recession was the general shift from spending to saving. The realization that not all jobs are secure made people think twice about how much they spend, resulting in a higher savings rate than our nation has seen in years. With more attention focused on saving money, it becomes necessary to understand where you should save and how to set savings goals. For most people, there are three types of savings goals: short-term, medium-term, and retirement savings.
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Retire Overseas Success Stories
Tweet Share on Facebook October 18, 2010 Comment (3)There are many reasons to think about retiring in another country. In some beautiful, sunny, friendly, and safe places around the world, a modest retirement nest egg could buy you a comfortable, interesting, and adventure-filled retirement lifestyle. But could you really do it? Can an average person leave family, friends, home, and hearth behind and take off for exotic foreign shores at this stage of life? Here are some retire-overseas success stories from readers.
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3 Ways to Get Free Money for Retirement
Tweet Share on Facebook October 15, 2010 CommentYou could be getting free money to put towards your retirement savings. It's true. And I'm not talking about free money from government grants or unclaimed property, like those late-night infomercials promise. This is real money and a lot of it. Here are three easy ways to get free money for your retirement.
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6 Self-Deceptions that Can Ruin Your Retirement
Tweet Share on Facebook October 14, 2010 CommentWhen you create a retirement plan, honesty and reality are the best policies. But sometimes we deceive ourselves by thinking that we will save more money for retirement when we are older or that our children or a former employer will take care of us in retirement. Here are six retirement planning misconceptions that could destroy your chances of a comfortable retirement.
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For a Happy Retirement, Marry Your Best Friend
Tweet Share on Facebook October 13, 2010 CommentI met my best friend during my junior year in college and married him 8 years later. Turns out that was a savvy move with respect to my retirement two decades later. In retirement, marriage becomes more of a 24/7 venture, so it pays to sign up with someone that you not only love, but that you also really like.
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8 Tips for Meeting with a Financial Adviser
Tweet Share on Facebook October 13, 2010 CommentFinding a financial adviser you can trust is one of the most important financial decisions you need to make. Before meeting with a new adviser you should make a list of the questions you have, come prepared with details about your personal finances, and be ready to talk about your life goals as well. Here are some tips for preparing for a first meeting with a new financial adviser.
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Diversify Your Portfolio, Not Each Investment Account
Tweet Share on Facebook October 12, 2010 CommentMany people look at retirement accounts individually instead of as a part of one overall investment portfolio. This can cause big problems with asset allocation and building a well-diversified investment portfolio. Here is why your overall portfolio needs to be diversified, but each individual investment account does not.
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A Luxurious Retirement in Buenos Aires on a Budget
Tweet Share on Facebook October 12, 2010 Comment (3)Vibrant and eclectic Buenos Aires is one of the most affordable places on earth to enjoy a luxurious retirement. It’s not the cheapest place in the world to retire, but this cosmopolitan capital with a European flair boasts an affordable cost of living that buys you an enormously rich quality of life.
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How to Find Retirement Savings Advice You Can Trust
Tweet Share on Facebook October 8, 2010 CommentWhen it comes to saving for retirement, most of us trust our employer's retirement plan administrator to help steer us toward the specific funds we need. While this is better than no plan at all, it's not the most ideal setup. We are taking retirement advice from the institution that is selecting the funds we are buying. Here is who you can turn to for retirement savings advice that is truly independent.
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Why You Need Traditional and Roth Retirement Accounts
Tweet Share on Facebook October 8, 2010 CommentIt’s a good idea to have some of your retirement assets in both before and after tax retirement accounts. We don’t know if taxes are going to be higher or lower when we retire. A combination of traditional and Roth retirement accounts allows you to diversify the way you are taxed.
