retirement

Estate Planning

8 Life Stages of Estate Planning

Posted October 13, 2009 6:53 PM

When you're 40, chances are you're not the same person you were at 20, and your estate plan should reflect the changes you've experienced. Here's a rundown of the estate-planning tools you should have if you're just beginning your life's journey, midway through or approaching the final leg. Young, single and carefree "When you're a child, your parents can make financial and medical Read more...

See also: divorce, estate planning tools, life stages, marriage, retirement

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Investing

4 Low-Risk Inflation Strategies

Posted September 28, 2009 6:23 PM

In today's volatile markets, many people are fleeing to safe investments while waiting out the storm. But this strategy could turn sour if the cost of living increases. Inflation should be a top concern for investors, especially among people facing retirement, says Michael Kresh, a Certified Financial Planner and author of "You Can Afford to Retire." "When you are trying to Read more...

See also: cost of living, inflation, retirement

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Humor

Postman's Payday

Posted September 18, 2009 4:44 PM

It was the mailman's last day on the job after 35 years of carrying the mail through all kinds of weather to the same neighborhood. When he arrived at the first house on his route, he was greeted by the whole family there, who congratulated him and sent him on his way with a big gift envelope. At the second house they presented him with a box of fine cigars. The folks at the third house handed Read more...

See also: breakfast, gifts, postman, retirement, sex

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Real Estate

Wise to Pay Off Mortgage Before Retiring

Posted September 5, 2009 3:38 PM

Q: Dear Dr. Don, We recently refinanced our home at a 4.625 interest rate for 30 years. I am currently 49 and my husband is 54. We both would like to retire in 10 years. I would like to know if it would be more beneficial for us to (1) pay an extra $500 per month to the principal of our loan to pay it off in 10 years or (2) put the extra money into our savings account (currently at 3.13 percent Read more...

See also: interest rates, mortgage, paying off mortgage, retirement

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Credit Cards

Don't Pay for Basics With Credit Card

Posted August 11, 2009 9:39 PM

Q: Dear Debt Adviser, I retired nine years ago, and I bought a house three years ago. I am getting a retirement pension from my previous job and a little from Social Security. I have been robbing Peter to save Paul and keep up with my credit cards. I was not behind in any payments, but now am at the point where I am using my plastic to buy essentials, food, gas, etc. I cannot do this any longer. Read more...

See also: credit card debt, retirement, Social Security

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Humor

Forget the Retirement Home

Posted May 18, 2009 10:56 PM

When the time comes, no nursing home for me. I'm checking into the Holiday Inn! With the average cost for a nursing home reaching $188 per day, there is a better way to handle getting old and feeble. I've already checked on reservations at the Holiday Inn. For a combined long-term stay discount and senior discount, it's $49.23 per night. That leaves $138.77 a day for: breakfast, lunch and Read more...

See also: holiday inn, hotel, retirement

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Brain Fitness

Postponing Retirement May Delay Dementia

Posted May 18, 2009 12:18 PM

LONDON -- Working a few years beyond retirement could help stave off Alzheimer's disease, according to a new British study published Monday. Experts from King's College London analyzed data from more than 1,300 people with dementia. They considered factors including education, employment and retirement. Researchers found that people who retired later were able to avoid the mind-robbing Read more...

See also: boomers, brain fitness, delaying retirement, dementia, midlife, retirement

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Retirement

Pursuing Lifetime Dreams in Retirement

Posted May 17, 2009 3:42 PM

For some, retirement may mean that it's time to slow down. But that's not true for everyone. Recent surveys reveal that retirees are pitching their business cards and silencing their alarm clocks to volunteer, pursue hobbies and go back to school. They are traveling to places they didn't have time to visit when they were working. For some, retirement is a growth opportunity, a time to pick up Read more...

See also: retirement, slow down, volunteer, working after retirement

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March 5

Holiday Retirement Inn: Here We Come!

by Jacqueline Marcell @ 11:04 am. Filed under housing, retirement
As the economy declines and seniors’ homes aren’t worth what they once were, and retirement nest eggs are lost just when they are needed most, seniors are trying to figure out creative ways to pay for their retirement years. Before giving up and moving in with your kids, here is an idea that has been circulating in various forms on the Internet for years, but now it is actually quite worthy of consideration! More…
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February 2

A Great Rule of Thumb

by Paul B. Brown @ 6:41 am. Filed under investing, retirement, savings
As I mentioned a while back, Frank Armstrong—a terrifically smart CPA—and I are working on a book that will be called Rescuing Your Retirement. While talking the other day, Frank came up with this wonderful rule of thumb: More…
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