The human brain is pretty well-equipped to handle immediate problems and issues, but it's not so hot at making plans for the future. If we allow our brains to make default decisions, we'll all end up cursing our younger selves from the retirement home.
With all the different financial advisers and services available today, choosing a trusted professional that can meet your needs can be a bit confusing. Here are some suggestions that can help.
With 10,000 people turning 65 every day, our nation should be doing everything possible to protect the pensions of those who have worked hard their entire lives and are counting on those benefits during their retirement years.
Start by developing a list of financial resolutions you want to achieve before retirement. Keep them simple and keep them doable. Then narrow that list down to the ones you want to achieve this year. Here are a few simple steps that can pack a lot of punch.
People reaching retirement age are living longer than ever, and retiring with less capacity to maintain their living standards. With good reason, this situation has been termed a "retirement funds crisis."
It's hard to save money. It's really hard. It's hard for monkeys and it's hard for us humans as well.
Yes, we sure like to work. It's unfortunate, then, that so many Hispanics who reach old age have nothing to show for it.
There are some of us who, because of our cultural backgrounds, are expected to walk certain paths even if we cast nary a shadow there. And we continue walking on these life paths even if we don't see the light.
Bocas quickly turned into a disappointment. I missed the Latin vibe and healthier food choices. However, what led us to depart the following morning was another reason entirely.
Even though Boquete would thus far be my top retirement pick in Panama, I am not sure I can wholeheartedly recommend nor endorse this town based on my brief experience.
Now that the New Year is underway, it's time to stick to those resolutions you promised to keep. And if you're like the many Americans who made resolutions of the financial sort, now is the time to develop a realistic game plan.
The town was attractive with friendly locals and the restaurants served up tasty and cheap food. Affordable accommodation would not be an issue and the attractive surrounding mountains dotted with waterfalls amidst the green fertile forests and jungle seemed a no brainer.
What percentage of GDP is spent on pensions? At what age are people exiting the labor market? What is the poverty rate for those over 65?
The generations share a common agenda: for job creation, stronger Social Security, and economic equality; and against job-killing and wage-suppressing trade deals, usurious debt, and runaway banks. It's going to take all of us, young and old, to fight for an agenda like that.
Because the good times are rolling doesn't mean they will keep rolling.