I am over one year into a transition to retirement, and as the new normal in my life (and my husband's life) takes shape, I am realizing there are many retirement myths available for public consumption.
Are you "plugged in?" Do you spend at least 27 hours per week on the Internet? Why would I use such a specific number? Because in a 2012 research study by WSL Strategic Retail, they found that Baby Boomers spend two hours more a week online than the 25 hours Millennials (ages 16 to 34) do on average.
My friend is facing a retirement with absolutely no savings. She declared bankruptcy four years ago and still has another three years before she can start saving. The good news is that she moved to another part of the country, was able to find a new job and is slowly putting her life back together. Sadly, the financial devastation she experienced will seriously impact her ability to retire.
Charles Schwab found that 87 percent of American workers would hire someone to change their car's oil, but only 24 percent of people would get help to figure out their 401(k) plans. Avoid the bag-lady scenario: Put taking care of your personal and financial health on par with your car's.
Money means more than dollars. It's tied to our sense of success, to security, to power, to independence. It can be what allows us, or stops us, from fulfilling our dream
In retirement, you may encounter expanding healthcare needs or even experience a life-changing disability. When trying to cover these health costs, you may realize that health insurance and Medicare fall short when it comes to providing ongoing, long-term care.
Moving overseas can be the right move for a lot of us, especially those of retirement age or those with portable careers or even for families with children. If you want your kids to become true citizens of the world, there's no better way to give them some top-notch educational and cultural opportunities than by immersing them in a foreign culture.
If you've decided to buy a boat and live the cruising lifestyle, you have all the same questions we did. Where do you start? What makes a good boat? How much will it cost? Where do you shop?
If you are a financial advisor, embrace the web and leverage digital learning to enhance your value proposition. Dedicate time to identify good videos, websites, digital books, webcasts, online classes and search terms related to financial planning.
Here's a list of some great retirement towns and cities we plan to look at when we go on our Rolling Retirement Exploration Trip.
There is little doubt that lack of sufficient money constitutes a major stress and contributes to bodily ills. Our attitudes toward money undergird much of our lives, impacting our lifestyle and sense of well-being. Yet many of us ignore the task of managing our finances, often with dire consequences.
With all the talk about retirement, the national focus is on how much to stash away in your 401(k) and IRA and when you should leave your job and start taking Social Security benefits. That's all crucial, but what people are forgetting is what they want to be and do when they grow up.
A 2014 Retirement Confidence Survey (RCS) conducted by the Employee Benefit Research Institute showed Americans are increasingly confident in their ab...
No matter where you live, emergency preparedness is important. And it's doubly important when you live in a foreign country where you may not speak the language or be aware of where to go or what to do.
Have you ever heard someone joke that if they knew they'd have lived so long, they would have taken better care of themselves? As it turns out, this is no joke. Today's retirees tell us in no uncertain terms that the number-one ingredient for a happy retirement is, by no small margin, having your health.
Baby Boomers, Does this sound like anyone you might know? A child is born with "spina bifida" back in October of 1951. He had corrective surger...