Over the past few years, many investors have been quite happy with the returns received on their investments - especially those who decided to stay the course and not sell off their equities. However, we all know that past performance is not a guide to future performance.
Bobby and Becca spent much of their lives devoted to educating Tennessee schoolchildren. But as retirement neared, the couple knew their teachers' pensions wouldn't be enough to allow them to continue living comfortably just outside Nashville. So they retired to Ecuador.
A recent MONEY survey revealed that 10 to 40% of all married and cohabiting couples are in the dark about each other's retirement plans. This is not a surprise. Disagreements over money are the leading cause of all break-ups.
No one will hold you accountable for saving for retirement. It's something you have to do on your own. Getting out of debt may take years, but saving for retirement will take decades.
This is the season in many people change jobs or retire. Some of those changes are governed by the academic calendar, some by the change in seasons, and some by tradition.
The Supreme Court issued its decision in Tibble v. Edison International. On its face, the court's holding is unremarkable. In a rare 9-0 decision, it ruled that plan sponsors have a continuing duty to review investments in retirement plans and to decide whether or not to keep or sell them.
Tip of the week: Know what you can afford and don't be afraid to say no. You can always say yes later when your financial planning pays off with some big dividends.
We've all heard stories about people retiring and moving to some far-flung place in a tropical paradise for pennies. But are there really places where people can live the good life for less than half of what it would cost in the US? Is it really possible?
Golden Girls Retirement Plan:Could this beloved 80's sitcom hold the solution to the impending retirement crisis facing America's workforce? Or even provide some much needed help over a few financial planning hurdles for the LGBTQI community?
Retirees can now live so long -- and stretch their money so far -- that with the right strategies they can look forward to two or three more fun and productive phases of life after traditional retirement.
Even in retirement, turkeys may be turkeys just to get what they want.
Say your grandfather is an excellent fisherman and he wants his heirs to be great at it, too. He could have his attorney write up a set of instructions. Or, if he really wants his heirs to learn how to fish, he could take them on a fishing trip to Montana every year for 40 years.
Do you need to sign up for Medicare? It depends on whether you have employer coverage and what kind you have. If you do need Medicare, enrollment is generally automatic if you have signed up for Social Security. You may also need to sign up for supplemental coverage.
When recovering from a career transition later in life, take the time to reflect on who you are and what you want before jumping into a new job or starting a new business or freelance practice.
For tourists, Nicaragua is an absolute bargain. The super low cost of everything attracts backpackers, of course, but it also attracts others looking for a high-quality vacation at a bargain price. The country now boasts legitimately four-star hotels that charge nothing like four-star prices.
One day soon, same sex couples won't have to play hopscotch with financial equality and inequality, but until then, good financial planning can help ensure you come out a winner.