Thinking about retirement? Be prepared. Take important steps to plan for a smooth transition into retirement.
Every Friday I post a "What Would I Do" topic. Keep in mind, it is not necessarily what you should do. Instead, it is written to give you insight into how to think about various financial decisions so that, from an educated perspective, you can make the right decision for you. I'll ad each new post to the top of the list below.
When is the last time you checked to see who you named as the beneficiary, or beneficiaries, on your retirement accounts, life insurance policies and annuities? Many people neglect to update these types of beneficiary designations after a marriage, divorce or other change in their family situation.
Determining how much money you need to retire requires you to make assumptions about inflation and life expectancy and calculate a best and worst case scenario.
The third step used to determine how much money you will need to retire is calculating the gap between retirement expenses and guaranteed sources of retirement income.
One of the steps required to determine how much money you will need to retire involves figuring out your guaranteed sources of income.
To determine how much money you will need to retire, you must first estimate your retirement expenses; how much you think you will spend each year in retirement.
Determining when and how to retire is challenging. There are plenty of things to think about such as when to start social security, how to invest, how much tax you will pay in retirement, and much, much more. Below you will find answers to many of your common questions about retirement.
Want to retire at 55? Here are three things to consider before you retire at 55.
Do you keep on doing the same thing over and over, and yet expect different results? This year, start your year out right with these 5 New Year's financial resolutions.
It may sound morbid, but we’re all dying. The question is not if, it’s when. Instead of shying away from the great unknown, embrace the reality of the inevitable. Tackle life expectancy head on, and use it to do your planning.
15 most important things you must do during your pre-retirement years - ideas about health and fitness, family relationsips, anti-aging, careers, travel, money and more.
Are you asking, how much money do I need to retire? Use these 4 steps to determine how much you will need to retire.
Age 55 or older? Here are the 4 most important things you need to know about retirement investments.
Online investment classes and online education about retirement planning. These investment courses provide fantastic information. Everyone nearing retirement should have a basic level of investment education and this is a great place to start.
Retirement is a relatively new concept to society. Explore 4 myths that help promote the idea of retirement.
Five steps you must take within five years of retirement.
Although not a replacement for a good financial planner, retirement planning calculators can help you assess how much you need to save to reach your retirement goals.
Make sure you aren't making any of these ten retirement planning mistakes.
The age at which you stop working and leave the labor force can be different than the retirement age at which you start receiving social security benefits.
Certain retirement planning events are triggered at specific ages, such as when you can begin drawing on social security, or when you are required to take IRA distributions. Other retirement planning events are not age-triggered...but perhaps they should be. Below is a list of things to think about, and events that occur, all ordered by age.
