On Retirement

June 2010


5 Misunderstood Retirement Rules of Thumb

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There are many retirement rules of thumb that we are all familiar with. Rarely will anyone question the validity of universally accepted advice. But few generalized pieces of advice are bullet proof. Not every retirement technique is true and others are misinterpreted. Here are five often ...

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How to Retire in a Recession

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I retired in March of 2008, when the Dow Jones Industrial Average was at 12,266. I then watched in horror as the market slid 46 percent my first year of retirement, cracking my nest egg and leaking my money all over Wall Street. In just one year the market had erased nearly all the gains of the ...

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How to Find Hidden Retirement Money

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The average baby boomer worked 10 jobs by his or her 42nd birthday, according to a 2008 Bureau of Labor Statistics survey. Younger people change jobs even more frequently — as often as every one or two years when they are fresh out of college.

Many job changers simply leave their pensions, 401(k)

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How to Invest for Retirement Without a 401(k)

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About half of all U.S. households have access to a 401(k) at work. Lucky for them. But what should you do if you don't have access to a 401(k)? Is all hope of a secure retirement lost? Quite the contrary. You actually will have a bit more flexibility with your retirement savings options. But you ...

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Three Steps for Easing into Retirement

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Thinking about a future retirement can be fun. Easing into retirement is better than jumping into the unknown. You need to engage in positive steps that can move you closer to a retirement goal, even while you are still working full time. These three steps will help you transition into a successful ...

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How to Play Defense with Retirement Savings

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Winning teams are built on offense and defense. If you equate your retirement planning to a sports team, you would most likely consider your investment portfolio as your offense. Scoring goals and making money are similar. But very few winning teams are built on offense alone.

That is where your ...

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5 Ways to Wreck Your Retirement

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Ah, retirement. It can be filled with unlimited rounds of golf, endless hours in the hammock, or years of jet-setting around the globe. Whatever your vision is for these longed-for years of leisure, don’t let these five things wreck your retirement.

Not enough money. Or should I say lack of it?

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5 Retirement Moves for New Graduates

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As a new graduate, you might be laughing at that title and saying, "You want me to start thinking about retirement now?" Yes, I do. If you are a new graduate, it's the perfect time to begin planning for retirement. There's no pressure, you've got a long time before you need to reach your goal, and ...

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The Number One Obstacle to Retirement

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At first it would seem that the biggest obstacle to retirement is not having enough money. Most people simply don’t have enough in the bank to retire comfortably. While that is certainly a big part of the equation, it's just the tip of the iceberg. Why don't many people have enough money to retire?

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How to Set a Retirement Savings Goal

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How is your nest egg coming along? It’s difficult to know if you haven’t calculated how much you will need to retire. Here are three steps to quickly establish how big your nest egg needs to be.

1. Estimate your withdrawal rate. A 3.5 percent annual withdrawal rate is a conservative estimate that ...

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retirement

12 Ways to Make the Most of Your 401(k)

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By now, you'd think that everyone with a job has at least one 401(k) account. But unfortunately, not all employers offer retirement accounts. And not everyone with access to a 401(k) participates. Even among retirement investors, some 401(k) participants need serious help planning for a comfortable ...

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10 Reasons Retirement Makes You Feel Younger

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Retirement gets a bad rap. It conjures images of white hair, rocking chairs, and forgetting where you left your teeth. It reminds you of that man driving ten miles an hour under the speed limit with the turn signal still blinking after a lane change six miles ago. Retirement is just another word ...

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A Simple Way to Become Wealthy

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My first real job was as a junior enlisted member of the United States Air Force. I had great benefits, but as a low ranking enlisted member my take home pay wasn't worth bragging about. I was earning a comfortable living for a 19-year-old, but I didn't think I had enough money to invest. It turns ...

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retirement

5 Places to Retire On Social Security Alone

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One of the most compelling reasons to consider retiring to another country is the opportunity to reduce your cost of living, maybe dramatically.

As one American I know who retired to Boquete, Panama put it recently, “Back in Tucson, Arizona, where I’m from, my monthly Social Security check might ...

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retirement

How to Ladder Your Retirement Savings

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Ladders are an excellent way for the do-it-yourself retirement investor to manage risk while seeking above average returns. When an investment or asset class is laddered, units of the investment are deliberately purchased at different times or with different maturities. This can create a group of ...

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The Six Biggest 401(k) Mistakes

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Your 401(k) for your retirement is like a screw driver for an assembly. It will help a great deal, but you still have to put in the effort to use the tool properly. 401(k)s bring millions of people in the U.S. many steps closer to a comfortable retirement. But like everything else in life, 401(k)s ...

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5 Surprising Retirement Truths

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You’ve been working for decades, picturing the day when you will finally have no boss to answer to. You’ve fantasized about all the time you will have, all the things you will do, and how your life will be so dramatically different.

Not so fast. Retirement may not be exactly what you expect.

You ...

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Tax Breaks for Retirement Investors

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It is up to you to plan for your retirement. Thankfully, the government has given us some nice tools to help plan our retirement and get some nice tax breaks in the process. These retirement accounts often work in conjunction with Social Security and with each other, giving you several options for ...

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6 Reasons to Retire Overseas

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Look beyond Florida and Arizona and your retirement options get exciting. There can be much more to life than the way you’ve been living it. By considering retirement choices overseas, your days can become full of discovery and adventure. You can reinvent not only your life, but yourself too. What ...

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You Can't Borrow Your Way Through Retirement

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It's a simple truth, but one for which many people need a reminder. You can't borrow your way to wealth and you can't borrow your way through retirement. Fortunately, it's not difficult to get started . All you need to do is make retirement saving a priority and begin investing. These tips can ...

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Retirement Versus Financial Freedom

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Retirees have some of the same characteristics as those who are financially free. But I have come to think of retirement and financial freedom as very different things. I view retirement in the United States as a phase in one’s life after they have invested 30 plus years into employment. Retirees ...

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Filling Up 8 Extra Hours in Retirement

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Quick, what’s the first thing you think of when you read the word retirement? Skydiving? Climbing Mount Everest? Saving the world? You’re thinking non-stop excitement, right? Or maybe you’re thinking hammocks, shuffleboard, and Bermuda shorts with black knee socks.

Some soon-to-be retirees wonder ...

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7 Affordable Places to Retire Abroad

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Retirement can be about elevating your standard of living and enriching your lifestyle, even if you have only a modest nest egg. And retirement can begin at any time and any age. To do this you need to shift your perspective and look beyond our own borders.

The idea of relocating to another country,

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retirement

5 Reasons to Start Investing for Retirement Today

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I'm not going to try and persuade you that our economy isn't shaky. But I actually think you're missing out if you aren't consistently saving for retirement right now. I will make an appeal to the long-term investor inside each of you and lay out these five reasons why there's no better time than ...

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retirement

3 Retirement Worst Case Scenarios To Avoid

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Retirement won’t be enjoyable if you are constantly worried about outliving your money. Your first retirement planning goal should be eliminating this money stress. You can do this by financially preparing for worst case scenario retirement events that are reasonably foreseeable. These are three ...

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retirement