Inside your workplace retirement plan, you may find several "treats" designed to help you meet your savings goals. But watch out. There may be a few "tricks" to avoid so you're not haunted in retirement.
When he was 35, Colin Brownlee had an epiphany -- a life-changing moment. He was staying at a small hotel on the beach, on Hawaii's Big Island. The landscaping was lush and tropical, there were hammocks slung between palm trees.
Since easing out of my position as Executive Director of a nonprofit organization, I have been extremely reluctant to apply the term 'retirement' to my new life status. I am one of those people who found the end of my full-time work life rushing toward me, rather than me rushing to embrace it.
On Wednesday, all Congress did was flip over the hourglass on a game of chicken that cost our economy $24 billion and left America's future up in the air -- and, by doing so, may cause some of our hard-earned retirement savings to disappear into it.
As a post-50 job-seeker, your best bet to land an interview -- and ultimately the job -- is through people you know, i.e. networking. Nevertheless, your resume still needs to be top-notch; your contacts will generally recommend you by providing perspective employers with a copy of this vital document.
The unfortunate reality is that retirees who also happen to be gay face an additional challenge when trying to identify the best place in the world to retire overseas, for parts of the world are much more gay-friendly than others and, some places, being gay is simply not allowed; it's illegal.
Halloween offers some valuable lessons for your retirement planning. Just as most children await Halloween with glee, many working adults have the same excitement about their retirement day.
Ambergris Caye is Belize's top tourist destination. And it's easy to see why. Turquoise waters, swaying palms... And the longest barrier reef in this hemisphere. The reef system is home to an underwater sinkhole called the Great Blue Hole, and to hundreds of other idyllic islands, snorkel and dive locations. And Ambergris Caye is the jumping off point to it all.
How much money is "enough" to retire on? There's no answer to that question, but I suspect that whatever you have for retirement could be enough -- if you're up for changing your lifestyle.
You could launch a more comfortable, more interesting, safe, pleasant, even adventure-filled life in a number of places around the world on a budget of as little as $1,200 per month or less. In some parts of Panama, Colombia, Thailand, Nicaragua, Malaysia, and Ecuador, for example, you could live comfortably on a budget of less than $1,000 per month. I'd be surprised if you can't afford that.
Taking advantage of professional help that may already be offered as part of your 401(k) plan could go a long way toward easing some of your investing concerns.
Though 401(k) plans (a defined contribution retirement plan) are supposed to build wealth, a new study by the Economic Policy Institute suggests that these plans are actually exacerbating wealth inequality by not adequately providing for most people's retirement.
Unless you've just recently been rescued from decades stranded on a deserted island, you've heard of someone buying, fixing and flipping single family homes. It has long been the staple method for the everyday person to make money in real estate.
Remember, most of us don't need to delegate our finances to a financial advisor. With just a few hours of work, we can save hundreds of thousands of dollars over our lifetimes.
Many people don't have access to a financial planner or think they can't afford it, but everyone still needs help and guidance with their retirement savings.
For the past decade or longer, Panama has been recognized as one of the world's top retirement havens, top offshore havens, and top tax havens. And, still, today, no question -- Panama remains one of the best places in the world to think about living or retiring overseas. However, today's Panama is a very different place from the Panama of 10 years ago.