Are you on track for retirement?

Funding retirement ought to be a priority for everyone, but based on the things that are often in the media (people raiding 401k accounts, baby boomers delaying retirement, etc.) it’s probably not. I know that I personally am behind on funding retirement, even though I’ve been hitting it hard for the past couple of years and intend to keep doing so. [more...]

Date: 2009-06-24 12:01:49

Blog posts (630) | Videos (563)
 

Creating a Plan for Guaranteed Retirement Income

Regular readers of this blog may recall that I have been studying the work of Zvi Bodie, a professor of finance at Boston University. (I mentioned Prof. Bodie in my post on Retirement Income and the Myth of Equity Risk .) After much consideration, I’ve decided to adopt Prof. Bodie’s concepts into our retirement income plan. More particularly, I have created a plan to provide guaranteed retirement income. I will explain. [more...]

Date: 2009-09-21 13:42:04

Innovative Retirement Planning for Cows and Sheep

Nowadays, many of us are re-thinking our retirement plan after giving away half our nest egg to people on Wall Street who don't need it, ... for it. As you'll see, he's obviously doing a lot better than most of us are with our retirement planning ... but we should remember that the concept of retirement isn't all about us. Those poor dumb animals [more...]

Date: 2009-03-27 11:00:07

Retirement Countdown: Take Action Now to Get the Life You Want

From Publishers Weekly Shapiro, a personal finance columnist and director of financial planning, believes that many people do not do to plan for their retirement. The process of intimidating people, or the media or other authors in the belief that they can make all rocked the plans on their own cause. Shapiro advocates the use of financial planners and carry more importantly, the small steps with care. The book is divided into three parts, beginning with an overview of retirement. [more...]

Date: 2009-10-07 02:07:29

Forget Wealth Building to Retire Comfortably

If you want to be happy in retirement, having a million dollar nest egg hardly gets you there. All over, financial planners advise us to have a certain figure in mind when it comes to retirement. “Based on your current salary, you need $1.2 million by 65″, they might say. But yet, as history has shown, aiming for a numerical dollar amount by a certain age is like driving your car across a railroad track and hoping that you won’t get hit. [more...]

Date: 2009-09-23 12:00:38

The Impending Retirement Crisis

We haven’t even gotten through this crisis yet, and we have another one on the way? Seriously? ... of the investing community is the baby boom generation (who are now retired or retiring soon), $70,000 ... to retirement. I can only imagine how these investors are feeling after the last year in the market. Delayed [more...]

Date: 2009-03-26 13:00:38

Paying tax on retirement now vs. later

By Walter Updegrave, Money Magazine senior editorLast Updated: August 27, 2009: 1:17 PM ET Sign up for the Ask the Expert e-mail newsletter Walter Updegrave is a senior editor with Money Magazine and is the author of “How to Retire Rich in a Totally Changed World: Why You’re Not in Kansas Anymore” (Three Rivers Press 2005) Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans [more...]

Date: 2009-10-14 04:09:06

WAYS TO WRECK YOUR RETIREMENT

Personal retirement accounts are a valuable tool in building a retirement nest egg ... the best laid retirement plans, says Pamela Villarreal, a senior policy analyst with the National Center for Policy Analysis. For example: Don't make saving a habit -- young workers may think [more...]

Date: 2009-03-27 13:25:58

58 and no retirement savings

By Walter Updegrave, Money Magazine senior editorSeptember 10, 2009: 5:33 AM ET Sign up for the Ask the Expert e-mail newsletter Walter Updegrave is a senior editor with Money Magazine and is the author of “How to Retire Rich in a Totally Changed World: Why You’re Not in Kansas Anymore” (Three Rivers Press 2005) Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social [more...]

Date: 2009-10-14 04:33:39

So Much for the 401(k). Now What?

(Photo: Spencer Platt/Getty Images)Tens of millions of Americans are enrolled in private employer-sponsored retirement plans — the great majority of ... the wipe-out of years of savings, are there ways to make retirement nest eggs safer? What might ... and director of the college’s Center for Retirement Research.Even before the financial crisis [more...]

Date: 2009-03-26 01:00:48

Pay Down Your Mortgage or Sock Money Away for Retirement?

The following is an excerpt from the book The Sound Mind Investing Handbook - A Step-By-Step Guide To Managing Your Money From A Biblical Perspective ... time put money into our retirement plan, which should have the priority?” . . .. . . is a question ... is leery about the long-term health of Social Security and wants to begin building his retirement fun [more...]

Date: 2009-04-03 10:29:00

UK taxpayers get bill for MP's retirement

Talk about bad timing . Not only is the British economy falling but now the public has the honor of footing the bill for Members of Parliament so they can retire comfortably. I wonder if everyone else will see such a cushy retirement? Steve ... plans that members of Congress receive. What a feeling it is to protect such leadership. [more...]

Date: 2009-04-01 09:09:00

On the ‘Gota Principle’ of retirement

By Malinda SeneviratneSome years ago, Roshan Mahanama wrote a book, ‘Retired, hurt’.  The reference was to the game he loved and excelled at, cricket.  Sometimes one gets injured while batting and is forced to get back into the pavilion.  That’s ‘retired hurt’.  The word ‘hurt’ in this instance had other connotations.  Mahanama clearly left the game early, i.e. while still in his prime. [more...]

Date: 2009-10-20 23:26:04

Terry Savage Says Reverse Mortgage May Be a Saving Grace

Chicago’s very own Terry Savage just released her new book, The New Savage Number: How Much Money Do You Really Need to Retire .  In her new book, Savage addresses many topics on Americans’ minds when it comes to retiring. "Just as Americans were too optimistic about their retirement prospects a few years ago, I believe we have become far too pessimistic about the future," Savage says. [more...]

Date: 2009-10-14 15:15:46

Bill Martin Headed For Pasture

Press release: Statement from Mary Sue Coleman on Bill Martin’s Retirement This morning, Bill Martin sent me a letter announcing his intention to retire on September 4, 2010. For nearly a decade, Bill has shown truly outstanding leadership as Athletic Director at the University of Michigan. He has not only done a superb job of attracting top coaches for the full range of Michigan sports, but he has also assembled an excellent management team to oversee all aspects of athletics operations. [more...]

Date: 2009-10-21 16:18:27

Social Security 1: Planning Is Crucial

The following is a guest post from Marotta Asset Management.Social Security benefits can represent a big stack of cash ... Security is their sole source of income. Women on average outlive men. Thus planning for retirement is much ... , income before retirement, income during retirement and taxes. Retirees cannot rely on commonly held [more...]

Date: 2009-03-13 17:15:00

Sunday Money Roundup - Catching Pneumonia Edition.

OK, what’s with the weather? 70 degrees one day, snow the next, hail the day after that, and then back to 70 degrees ... talks about The Impending Retirement Crisis . No worries for me, I plan on never retiring ... you to Leave Your Money in Your Retirement Accounts! Good Financial Cents has 5 Tests To Claim [more...]

Date: 2009-03-29 13:00:50

Pensions blow for those soon to retire

New OAPs to be hit by 'quantitative easing' Hundreds of thousands of people approaching retirement will be offered far lower pensions for the rest ... now to buy annuities - which guarantee them a set income a year until they die - will receive much lower ... schemes, which guarantee employees a set percentage of their income at retirement, for life, are [more...]

Date: 2009-03-29 00:01:00

Worry-Free Investing: Calculate Your Risk-Free Savings Rate For Retirement

Conventional advice has been that we should invest in some mix of stocks and bonds to reach our retirement goals ... stressful. What if we start our retirement planning based on buying a safe investment that guarantees ... ? The book outlines the mathematical formulas to use, but also provides a free spreadsheet calculator [more...]

Date: 2008-12-17 13:53:03

Yet Another Government Insult to Retirement Incomes

As if it isn’t bad enough that most retirement portfolios are still down significantly from their levels a year or two ago … that housing wealth has been evaporated in towns across the country … and that near-zero interest rates are punishing responsible savers … Washington recently issued another piece of official bad news — Social Security recipients won’t be getting one single penny in cost-of-living increases next year. The news wasn’t entirely a surprise. [more...]

Date: 2009-10-20 11:30:49

Yet Another Government Insult to Retirement Incomes

As if it isn’t bad enough that most retirement portfolios are still down significantly from their levels a year or two ago … that housing wealth has been evaporated in towns across the country … and that near-zero interest rates are punishing responsible savers … Washington recently issued another piece of official bad news — Social Security recipients won’t be getting one single penny in cost-of-living increases next year. The news wasn’t entirely a surprise. [more...]

Date: 2009-10-20 11:30:54

Back of a fag packet guide to ill-health retirement under the LGPS

While I am very interested in governance issues regarding the Local Government Pension Scheme (LGPS - Britain’s largest pension scheme with some 3 ... regulations regarding ill health retirement. I am helping out a UNISON steward who is representing ... retirement. The regulations were radically changed last year and I think many trade union activists [more...]

Date: 2009-04-06 21:16:00

Personal Retirement Plan Investment Options

Good financial management consists of two different distinct facets, ... through cash withdrawal or from payment from registered retirement income funds or RRIF’s, or life income ... for your long term goal of building wealth for the purpose of retirement is going to become more important [more...]

Date: 2009-04-02 13:55:49

Weekend Reading – 09/18/09

       I had articles in two different carnivals this week. Here they are: Best of Money Carnival – Is Debt a Sin?   Money Hacks Carnival – How Much Should I Save for Retirement? – Part 3: How Much Each Year? (Free Retirement Calculator!)        Mike at The Oblivious Investor has just released a new book called Investing Made Simple . He’s a great writer and does an excellent job of breaking down complex topics to the basics. [more...]

Date: 2009-09-18 07:30:53

Free Tax and Retirement Advice

I was recently sent a couple of promotional emails, but since they each had something of value to offer FMF readers, I thought I'd run them ... planning, and saving for college and retirement, charge clients $150 to $300 an hour. But, during Jump ... -Start Your Retirement Plan Days. On Tuesday, January 13th and Friday, January 30th [more...]

Date: 2009-01-14 02:47:56

Bankruptcy Law Helps You Save, Not Spend, Retirement Money

When a layoff and an illness strike a divorced man in close succession during the last third of his career, the financial effects can be devastating ... .  That topic is their retirement plan money. You see, both tax law and bankruptcy law make some special exceptions to the usual rules when it comes to retirement money , including IRA's, 401K's, [more...]

Date: 2009-04-06 11:58:28

How To Draft A Basic Financial Savings Plan

When it comes to long term financial planning, my wife and I don’t really have one ... have from now until retirement. Major expense is up to you but for our plan we put major as any expense above ... for their education, subsidizing your parent’s retirement, your own retirement, etc. Remember [more...]

Date: 2008-09-16 13:55:25

Retirement Sloth

If you are still working, today's post probably won't resonate much. But if you have been retired for awhile, perhaps you will know whereof Crabby Old Lady speaks. Or not. Crabby was laid off from what turned out to be her last job in June of 2004. In one respect, the layoff was a relief and may have saved her sanity. The round-trip commute had been four to four-and-a-half hours a day leaving Crabby, after three years, with a bone-deep weariness bred of all work and no play. [more...]

Date: 2009-10-16 09:35:00

Matt Clement to Retire

by Pat Lackey Filed under: Blue Jays , AL East Of the great Cubs rotation failure of 2004, ... he's decided to retire rather than keep struggling with his shoulder problems . After hitting 200 innings ... he'd had enough. Matt Clement to Retire originally appeared on MLB FanHouse on Sun, 05 Apr 2009 [more...]

Date: 2009-04-06 01:25:00

How To Make Your Money Last

Whether you are approaching retirement or still have a way to go, an article from CNNMoney is something everyone should pay attention to. Retirement is going to happen faster than you think and there are ways to help keep you from running out of cash. According to the article,  you need a variety of investments that will give you stable income, protection from falling markets and ways to get cash if needed for emergencies etc. Here are some strategies to help: 1. [more...]

Date: 2009-10-02 12:00:26

Retirement Planning: A Primary Source of Money

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!by Doeren MayhewAmericans greatly depend on just two major sources with regards to retirement income namely the Social Security and the Employer Pensions. However, most of these people won’t be able to depend on these alone to render them income since Social Security benefits are becoming less and the number of employers who provide pensions are becoming few.Because of this, people find out that their personal income [more...]

Date: 2009-10-14 21:00:54

Jumpstart Your Retirement Plan Days (Kiplinger Magazine Giveaway!)

Retirement: Get Back To Work! For the last seven years, ... retirement or financial planning related question, it’s a no brainer to call them up to ask. As much ... (NAPFA) partner up and put on an event called Jumpstart Your Retirement Plan. During Jumpstart [more...]

Date: 2009-01-08 18:18:32

3 Ways to Fix Your Retirement Account

So let’s say you are nearing retirement or are already retired and your nest egg has just been chopped in half because you were 100% invested in ... factors. The article goes on to recommend either consulting with a “competent certified financial planner” [more...]

Date: 2009-03-05 20:59:35

Trent Reznor Weds Bride: “Goths The World Over Will Mourn This Day”

Thus were the words of Reznor’s bandmate and close friend Daniel Lohner. Reznor married girlfriend and former West Indian Girl singer Mariqueen Maandig on Saturday in Los Angeles. In what seems like a sort of adorable early retirement, both have recently quit or retired from their bands and should have plenty of time for the honeymoon victory lap. NIN fans don’t fret all day though, while your man may be off the market, he has discussed more music in the future. (Via: SPIN ) [more...]

Date: 2009-10-20 16:49:05

Find Helpful Tips about Retirement Investment

Those who think of the savings for the retirement often think of investing money in order to multiple their capital. This is a reasonable decision, since money should work but not be useless at all. In case of investing you protect your money from inflation and devaluation, since the amount of your accumulations constantly increases. What is important is to select a proper investing approach and not to make the most common mistakes that lead to losses. [more...]

Date: 2009-10-21 19:04:10

Saving for College or Saving for Retirement: What’s Best for Us?

This past weekend, my wife and I were watching Clark Howard’s show on Headline News ... early, but my big motivation in life isn’t related to retirement at all. My big plans right ... are better off saving for their own retirement. Clark’s main reason was pretty simple: people can’ [more...]

Date: 2009-03-06 14:00:49

What is a Roth IRA?

No doubt most people have heard of a Roth IRA, after all, they’ve been around since 1998.  Although they’ve been available for over 11 years, I’m constantly amazed by how many people are just simply unsure of exactly what they are or what they do. The Basics: What is an IRA?An IRA is simply an Individual Retirement Account (IRA) that provides investors an opportunity to save for retirement in a tax-advantaged way.  Generally, you must wait until 59 1/2 to withdraw the money without IRS penalty. A [more...]

Date: 2009-07-20 12:11:50

Oldest Worker in the World: Who Needs Retirement?

100-year-old Mildred Heath is one of those rare people who really doesn’t want to retire: Mildred Health, ... -grandchildren and one great-great-grandchild, Mrs. Heath has no plans for retirement and talks about all the things she wants to do, at work and at home. The best advice financial planners could give [more...]

Date: 2008-12-17 15:34:12

In search of higher returns

By Walter Updegrave, Money Magazine senior editorSeptember 1, 2009: 6:19 AM ET Sign up for the Ask the Expert e-mail newsletter Walter Updegrave is a senior editor with Money Magazine and is the author of “How to Retire Rich in a Totally Changed World: Why You’re Not in Kansas Anymore” (Three Rivers Press 2005) Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social Security [more...]

Date: 2009-10-14 04:11:05

The Hard Truth About Stocks – a Follow-Up

Several weeks ago I announced the launch of my Failsafe Retirement blog and site. In that post, I cited an interview of Prof. Zvi Bodie that was published in the October issue of Money Magazine. The interview was captioned “ You Can’t Handle the Truth About Stocks. ” You may recall that Bodie believes that most investors take on too much risk by relying on the stock market to provide retirement income. He instead recommends inflation protected securities guaranteed by the government. [more...]

Date: 2009-10-15 15:32:25

Debt reduction vs. retirement savings: which first?

Liz Pulliam Weston wrote a nice article recently describing nine money priorities ... for retirement Pay off “toxic” debt Bolster your emergency fund Check out long-term disability insurance Enhance your retirement savings Start saving for college Save for spectacular expenses [more...]

Date: 2009-03-30 22:02:44

Yet Another Government Insult to Retirement Incomes

As if it isn't bad enough that most retirement portfolios are still down significantly from their levels a year or two ago ... that housing wealth has been evaporated in towns across the country ... and that near-zero interest rates are punishing responsible savers ... Washington ... Tags for this Post: Investing Lessons , Market Commentary [more...]

Date: 2009-10-21 10:14:44

How Many Light Bulbs Does It Take To Change An Investor?

If you’re old enough to remember the 1980s, you’ve undoubtedly heard the conventional wisdom about retirement investing from one financial advisor or another. Here’s how it goes: Invest in stocks through quality mutual funds, diversify properly relative to your risk tolerance, hang in there for the long-term… and everything will work out fine… you’ll achieve your financial goals and enjoy a comfortable retirement. [more...]

Date: 2009-07-18 17:34:35

What went wrong with value funds

By Penelope Wang, Money Magazine senior writerLast Updated: November 13, 2008: 9:30 AM ET Legg Mason Value fund manager Bill Miller beat the market for 15 straight years. This year his fund is down more than 50%. Stable stocks in a shaky market More Videos Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social Security Insurance Estate planning Living in retirement [more...]

Date: 2009-10-14 15:44:15

Loading up on junk bonds

By Walter Updegrave, Money Magazine senior editorSeptember 17, 2009: 5:20 AM ET Sign up for the Ask the Expert e-mail newsletter Walter Updegrave is a senior editor with Money Magazine and is the author of “How to Retire Rich in a Totally Changed World: Why You’re Not in Kansas Anymore” (Three Rivers Press 2005) Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social Security [more...]

Date: 2009-10-14 04:38:06

Keep Uncle Sam’s hands off target-date funds

By Walter Updegrave, Money Magazine senior editorAugust 5, 2009: 3:45 AM ET Sign up for the Ask the Expert e-mail newsletter Walter Updegrave is a senior editor with Money Magazine and is the author of “How to Retire Rich in a Totally Changed World: Why You’re Not in Kansas Anymore” (Three Rivers Press 2005) Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social Security [more...]

Date: 2009-10-14 04:07:09

Emergency: Break piggy bank, not nest egg

By Walter Updegrave, Money Magazine senior editorAugust 19, 2009: 5:21 AM ET Sign up for the Ask the Expert e-mail newsletter Walter Updegrave is a senior editor with Money Magazine and is the author of “How to Retire Rich in a Totally Changed World: Why You’re Not in Kansas Anymore” (Three Rivers Press 2005) Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social Security [more...]

Date: 2009-10-14 04:01:16

Vacation or Retirement on the Mexican Riviera!

From PVmirror.com “Riviera; the word alone tends to conjure pleasant images of beautiful scenery, of calm serenity or relaxation, even of Paradise ... archaeological sites; it may be a different matter when it comes to retirement. The average daily ... you can expect an average monthly rainfall during this season in excess of 3 inches. Also, the Yucatan [more...]

Date: 2009-04-05 06:00:54

How much you’ll need

By Walter Updegrave, Money Magazine senior editorLast Updated: October 8, 2009: 10:27 AM ET Sign up for the Ask the Expert e-mail newsletter Walter Updegrave is a senior editor with Money Magazine and is the author of “How to Retire Rich in a Totally Changed World: Why You’re Not in Kansas Anymore” (Three Rivers Press 2005) Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans [more...]

Date: 2009-10-14 05:17:37

What to do with a million bucks

By Walter Updegrave, Money Magazine senior editorLast Updated: September 8, 2009: 12:50 PM ET Sign up for the Ask the Expert e-mail newsletter Walter Updegrave is a senior editor with Money Magazine and is the author of “How to Retire Rich in a Totally Changed World: Why You’re Not in Kansas Anymore” (Three Rivers Press 2005) Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans [more...]

Date: 2009-10-14 04:14:54

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