On Retirement

March 2011


5 Secrets of Picking a Good Mutual Fund

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Mutual funds are big business. In excess of $12 trillion is invested in approximately 11,000 mutual funds in the U.S. Most them are actively managed funds, where the fund manager attempts to beat a designated benchmark, like the S&P 500 index.

The fees charged by these funds are huge, but they are ...

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7 Signs You’re Not Ready for Retirement

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Once you've turned 65, amassed a substantial 401(k) balance, and are eligible for Medicare, it’s time to retire, right? Not so fast. Retirement has many selling points, but that doesn’t mean everyone should be buying. Here are some reasons you might not want to pull the trigger just yet.

[See 10 ...

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5 Costly Retirement Investment Mistakes to Avoid

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Retirement is not just a far off dream. It is an achievable goal for the majority of Americans. But retirement isn’t a given. You only get one shot at it and it takes hard work and discipline to set yourself up financially so you can enjoy your golden years in style. Here are five costly retirement ...

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7 Baby Boomer Financial Mistakes to Avoid

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The majority of baby boomers are woefully unprepared for retirement. In large part, this is because baby boomers made too many critical financial mistakes. Here are some key ways boomers have failed at retirement planning and how you can avoid these errors in your own retirement preparations:

[See

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8 Last-Minute Ways to Stretch Your Nest Egg

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Many people in their 60s don't have enough saved up to have a financially stress-free retirement. Individuals will small nest eggs run the risk of depleting their savings before all is said and done. But it’s not too late to take swift action to fund the retirement lifestyle you want. Here are some ...

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Why Retirement is Not an Age

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Many people have a specific age in mind for retirement. For some people it’s age 55, 62, 65, or after they earn enough service time to draw a pension from their employer. But simply reaching your ideal retirement age doesn’t mean you will be financially prepared to retire then.

[See 10 Ways to Boost ...

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10 Ways to Boost Your Retirement Savings

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It can be overwhelming to begin planning your retirement savings. But there are fairly painless ways to get started. Here are some tasks that will allow you to boost your retirement savings.

Set a goal. Start by creating a goal for your retirement savings. This could include a variety of different ...

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4 Benefits of Retirement in a Rural Community

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When we retire, we intend to spend most of our time living in a rural area. We will live on a small piece of property and have neighbors, but the nearest small town will be a 20-minute drive. We live in this rural neighborhood part-time now. Here are some of the positive aspects of retirement in a ...

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5 Investment Myths that Can Cost You

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There are many investment myths that may be hurting your financial security. Among them are beliefs that active mutual fund managers have investing skill that permits them to beat the market and that stock picking and market timing are viable investment strategies. They are viable, but only for ...

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5 Reasons You Shouldn’t Contribute to a 401(k)

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Employer-sponsored 401(k) accounts allow you to defer taxes on your retirement savings and perhaps earn extra income from your employer. But building a nest egg within a 401(k) isn't the right solution for everybody in every situation. Here are five reasons contributing to a 401(k) may not be in ...

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Why Pessimism is Good for Your Retirement

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The stock market has almost doubled from its March 2009 lows, GDP has been in positive territory for the last five quarters, and consumer spending is inching up. Personal savings rates are back to levels not seen for nearly two decades, and U.S household debt as a percentage of disposable income ...

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5 Reasons Your 401(k) Isn’t Enough for Retirement

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Company-sponsored retirement accounts, including the popular 401(k) plan, have replaced traditional pension plans as the most commonly offered retirement benefit. The cost savings for companies and the preferential tax treatment for employees spurred the popularity of these retirement plans. Now ...

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How to Deal With Age Discrimination at Work

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I recently received a letter from a reader about a growing problem. She’s been working for the same company for over 30 years. Now in her early 70s, she’s still able to do her job but feels that her employer is treating her unfairly and hoping she’ll quit. She's thinking about hiring an attorney,

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7 Essential Questions For Your Broker

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Before you turn your savings over to a financial adviser or broker, you should have a clear understanding of his or her investment strategy. Here are seven questions you should ask your money manager.

1. What’s our plan? Most investors don’t have an investing plan. Without goals, it’s difficult to ...

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4 Ways to Save Money in Retirement

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The need to save for the future doesn’t end when you retire. Even if you have reached financial freedom and are unlikely to run out of money, there are still reasons to take steps to reduce your retirement expenses and save more for the future. You could live longer than expected or desire to leave ...

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How to Avoid Running Out of Money in Retirement

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The recent economic crisis set many retirement portfolios back a few years. If you are young, your portfolio probably still has time to recover. But if you are near retirement age, you may have to rethink your timing. These tips can help you build a portfolio and financial plan to weather the next ...

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The World’s Best Beaches for Retirement

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Your retirement years could include the sound of the sea lapping gently against the shore from your bedroom window and a view of the Pacific from your balcony. Constant sunshine and long walks along the sand whenever the inclination strikes you could even be an affordable retirement option if you ...

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5 Tips for Starting a Business in Retirement

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Starting a business is a great way to spend your retirement years. Not only will it keep your mind sharp and give you something to do with your free time, but it could potentially leave you with a solid stream of additional income. If you're going to start a business in retirement, here are some ...

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Retirees at Risk of a Forced Unretirement

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Many previously retired Americans have been forced by money problems to unretire. There is nothing wrong with voluntarily reentering the workforce because you are bored with your retired life. But being compelled to do so because you cannot pay your bills is much worse. Here are four factors that ...

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How to Turn Your Retirement Savings into Income

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Once you accumulate a nest egg, you need to develop a plan to transition it into a monthly income in retirement. The money somehow needs to come from all the investments that you've made during your working years and be turned into cash that gets deposited into your checking account. Here are some ...

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retirement