Retirement

Retirement Planning, Tips and Information

Traditional or Roth IRA?


Boomers are doing some serious retirement planning these days. IRAs are a great way to save, but boomers will have a tough choice between investing in a traditional or Roth IRA.

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Downsizing Your Way to Retirement


In this economy, many are looking for ways to downsize. For some, it's a necessary strategy to stretch savings and prevent a money crunch later on.

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Most Recent Articles in Retirement

4 Ways to Face a Cash-Strapped Retirement

Posted January 6, 2010 4:25 AM
Q: Dear Debt Adviser,
Help, I'm about $30,000 in debt. I have about $50,000 in my retirement. I will be 59½ years old in January. I had to go on disability from a fall at work. My house is paid for. Should I just take money out and pay off my loan? Could I just hire someone to (advise me)? I don't know what to do and am at my wits' end. I am not behind on any bills.
-- Doris A: Dear Doris,
You worry me. You are nearly 60, have saved little and spent much. Now you are out of work and ask me if you should hire someone? My suggestion is that you get rehired as soon as possible and develop a plan for building up your savings, paying down your debts and preparing for retirement. Read more...

See also: debt, disability, financial planner, loan

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Video

Lost and Found Pensions

Posted January 6, 2010 4:33 AM

You would be amazed at how many people walk away from a job without claiming their retirement money. Bankrate.com shows you where to look, and how to go about reclaiming your lost treasure.

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7 Great Paychecks for Golden Oldies

Posted June 28, 2009 12:47 PM
You may have planned to sip margaritas on the beach during your retirement, but if the recent stock market tumble has taken a good chunk of your savings with it, you may need to explore other options. Part-time work can help you pick up a few extra paychecks to cover basic expenses or perks such as travel and entertainment while your retirement portfolio rebounds. While the job market has had better days, a range of options -- with good pay, flexible hours and interesting and meaningful work -- are available to people 50 and older. Here, experts share some of the key areas where experienced workers can snag great jobs.

Government
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See also: part-time job, savings, supplemental income

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Retirement Plans for Self-Employed Workers

Posted January 6, 2010 4:48 AM
Self-employed workers have the same retirement needs as the office-commuting population, only no beneficent employer offers carrots in the form of retirement benefits. So they have to grow their own. Fortunately, Uncle Sam helps out by letting small-business owners stash away retirement savings in tax-favorable accounts designed especially for them. SIMPLE IRA
A SIMPLE IRA is just that -- pretty simple -- but the name is an acronym for Savings Incentive Match Plan for Employees. The plans are designed for small businesses with no more than 100 employees who earned $5,000 or more on the payroll for the previous calendar year. But some advisers and tax professionals think these plans are more suited for much smaller companies. Read more...

See also: ira, retirement plans, self-employment, small business

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To Retire, or Not to Retire, That is the Question

People who are heading toward retirement age, discuss whether they really want to stop working, or whether they would like to keep working, or even try another career.

 

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Posted July 16, 2008 5:56 PM

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Your Daily Vent III

Started by on July 23, 2008
What's on your mind today? Here's your place to sound off on the issues that are eating at you. So vent away!
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