If you're interested in relocating when you retire, like millions of other baby boomers, there are a wide variety of free Web-based resources that can help you find and research a new location that meet your wants, needs and budget. Here are several to help you get started.
Many people still feel that if they retire abroad, they'll end up somewhere in the back of beyond, without connection to their loved ones back home. But the ability to communicate instantly with almost anyone, almost anywhere, is now woven into the fabric of modern life.
Few Americans save enough for retirement. Whether due to financial issues or a lack of foresight, a lot of people either don't give much thought to retirement or are unable to save up enough to help them fund their elder years.
As I look at the many issues facing seniors and Baby Boomers, I have come to an uncomfortable conclusion: Retirement will very tough for many of us, and for some it will be downright scary.
Lately, I view everything through the prism of retirement. If we vacation in a new place, I envision what it would be like to live there after I retire. When I contemplate buying new clothes for work, I immediately amortize their value against the knowledge that I'll never wear them once there is no office to go to every day.
There's a powerful agenda behind the opposition to the rule proposed by the U.S. Department of Labor (DOL) requiring that advisors to retirement plans be fiduciaries: The securities industry wants to preserve its ability to give conflicted advice. There's a lot at stake.
Many workers will depend heavily on Social Security for financial support once they retire. While Social Security makes up just one slice of the pie when it comes to retirement income, it tends to be one of the largest.
Generally, Social Security retirement benefits (as well as disability and survivor benefits) are paid in the month after the month they are due. So, if you apply for your Social Security benefits in September, you will receive your September benefits in October.
Having a comfortable retirement is possible, but only if you adopt a long-term view, understand how to use the best savings vehicles, and plan ahead.
We need to maximize tax-favored savings opportunities as early as possible and for as long as possible. We need to save more and invest wisely, even if that wisdom includes taking measurable and reasonable risks, and deferring near term gratification that we really can't afford, such as that extended vacation or the living room furniture by a fine Italian designer.
My visit with Jason followed on the heels of some extensive research I was involved in, to gain a better understanding of millennials' financial habits. That research illustrated a number of key themes that highlighted how to help millennials save money and prepare for the future.
If you're over 50 and worry about having enough money in your retirement and are losing sleep over it, you're not alone. And counting sheep and a new mattress aren't going to cut it.
No doubt the face of financial planning will be much impacted by the ever-growing presence of legally recognized same-sex married couples and families across the country. In many ways it will be simpler, but in others more complex.
The past decade has been a time for personal reflection and growth. I've learned many important lessons and gained new insights, probably more so than in any other decade. I often find myself saying, "If only I knew then what I know now."
Trying to retire without any savings in the bank can be difficult, and that difficulty is compounded by other factors senior citizens need to keep in mind as they age, like health issues and mobility.