Browsing Category Planning

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Will My Retirement Savings Support Me for 30 Years?

What's the best investing and withdrawal strategy to provide me a retirement income that will last 30 years? --Matt Clearly, the way you invest your savings and the amount you withdraw each year are both important in determining how long your retirement assets will last. Invest too aggressively and your nest egg might suffer losses so devastating ...

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401(k) Plan Shortcomings Failing As Retirement Income Program

The current “retirement plan” of choice – 401(k) plans – really aren’t true retirement income plans. While they can be great for accumulating savings, most 401(k) plans don’t do much to help older workers decide if they have enough money to retire, or how to convert their hard-earned savings into a retirement paycheck. Americans need more ...

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3 Steps to a Happier Retirement

You'll still need a reason to get out of bed in the morning. Here’s the traditional conception of a successful financial life: You bust your chops for 40 years. Then, in your sixties, you get to kick back and spend your remaining days blissfully doing nothing. Sound like a prescription for happiness? It’s more like a recipe ...

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3 Bills to Pay off Before You Retire

It’s one year till retirement, and the clock is ticking. Sure, you knew better than to pay for junior’s $30,000-a-year college tuition, but you did it anyway because he’s a good kid, and, as parents, we want to give them a head start, right? Now, the looming mortgage balance and the credit card debt (that vacation to ...

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5 American Cities Where You Can Retire On Just Social Security

The statistics on how unprepared Americans are for retirement can be terrifying. The median retirement account balance is $2,500 for all working-age households and $14,500 for near-retirement households, according to a 2015 study by the National Institute on Retirement Security. Two-thirds of working families fall short of conservative retirement savings targets for their age and income ...

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Avoid these 5 mistakes as you get ready to retire

The biggest regret those of us in our 50s and 60s have about our later years is not having planned early enough for our retirement years. The second biggest regret, based on my conversations with peers, is having done something we shouldn’t have. I guess sometimes for success in life, it’s not what we do ...

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