Tag: Retirement
Retirement Planning Isn’t a One-Time Project: Here’s Why You Need Ongoing Support
When it comes to preparing for retirement, many people think of it as a box to check off. You meet with a financial advisor, create a plan, and then you’re done—right? Not quite. Retirement planning isn’t a one-time project. It’s an ongoing process that needs adjusting as your life, the markets, and your priorities evolve. […]
Nine Important Retirement Milestones (Starting at Age 50)
I’m continuing the topic of properly preparing for retirement this month. Most people don’t really start thinking about retirement at age 50, but there are a few things you should be doing to set yourself up early for a comfortable and secure retirement. Age 50: Catch-Up Contributions Begin At age 50, you can start making […]
10 Essential Steps for a Smooth Transition to Retirement
A good friend of mine was recently forced into early retirement by changes at the Federal agency where he worked. Retirement is a major life milestone that requires thoughtful planning and preparation, so I wanted to write about how to properly prepare for such an important change. To ensure a smooth transition, it’s essential to […]
The Three Secrets to a Satisfying Retirement
As we work towards retirement, the financial services and marketing industries bombard us with images of happy people traveling, playing golf and walking on the beach; a permanent vacation. The reality is a bit more mundane: the average retiree spends most of their time (after sleeping) watching television. For those preparing for retirement (and even […]
Creating Your Best Retirement Isn’t All About Money
A 2014 study of retirees done by Merrill Lynch and Age Wave led to the following conclusion: “Retirees say health is the number one ingredient for a happy retirement.” Financial security, family and purpose were all important, but health was tops. And this makes perfect sense, as good health leads to living longer, having more […]
Do Not Annoy or Molest the Alligators
Guessing game…where am I? There is no upper age limit for women on wearing short shorts or for men who cut the sleeves out of their tee shirts. Gnomes, pink flamingoes and leaping dolphins’ main habitat is front yards of homes. There are billboards that flash noting how long it will take, at any given […]
Have You Reviewed Your Beneficiary Designations Lately?
When was the last time you reviewed the beneficiaries for your retirement accounts and insurance policies? When you open a retirement account or buy an insurance policy, part of the process is determining who will receive the assets when you pass away: your beneficiary. Unfortunately, many people never review those choices, even when life changes. […]
So You’re Thinking About Retirement
The old “rule of thumb” for retirement is that you will need about 70 percent of your pre-retirement income during retirement. This may be true for some folks, but generally we’re seeing new retirees spend 100 percent or more of their pre-retirement income during retirement. A key reason for this is that people who retire […]
