Are you one of the many people who don't have a 401(k) at work? Wondering how in the world you're going to save for retirement without one?
Americans are woeful at saving for retirement -- and there's only so much the government can do about that. And that's why the newest changes in tax policy (plus newer ideas currently being tossed) can't make that big of a difference.
What would prompt someone with a serious medical condition to move, by themselves, to a foreign country without being able to speak the language? And why wouldn't they at least have a necklace, bracelet, or wallet card on them at all times to alert medical personnel about their condition?
While you may not want to file bankruptcy, it is the only legal tool you have to alter your financial path. And when you read those two cases I linked to you will see the bankruptcy court judges were sympathetic to the retirement crisis facing people just like you.
After almost two years of full-time travel, of extended stays in Italian university towns, Croatian coastal retreats, and forested German hideaways, I've finally come home. All it took was some exploration, a lot of paperwork, and a little luck.
So much for the conventional wisdom of downsizing your home when you retire. A huge percentage of families are moving into bigger homes -- many to make room for adult children who didn't fare so well during the recent recession.
Social Security demonstrates that public systems are often better than their private counterparts. The problem is that government-managed systems are only as good as their stewards. The only cure is stronger democracy, so that citizens who value good programs vote to elect leaders pledged to defend them.
The tontine is an investment scheme where each of a group of participants pays a specified sum into a fund and receives a pro rata share of the income generated by the fund, but when a participant dies their share is divided among those remaining. As the number of participants dwindles, those remaining receive increasingly large distributions.
Don't waste your time and money trying to fight the impossible to win the market timing battle of predicting when to buy low and when to sell high. If you buy today and sell during your retirement you will do just that and with a lot less effort and stress.
As an expat retiree, you'll find yourself with more free time: time to retool and learn new skills. Time to spot opportunities, and to pursue them. Your retirement is likely to be much longer than your grandfather's was. What you do with it will be up to you.
The good news is that you don't have to die to use your Life Insurance. Here's how to put the new policies to work for you.
Fresh ideas and approaches can empower a brighter future of aging, and the emergence of financial gerontology is cause for hope. This link between two disciplines that are critically important to the aging population presents the potential for new solutions and healthy, productive and purposeful outcomes for today's older adults and for generations to come.
After speaking with the attorney and accountant, one thing became clear. As residents of Connecticut, if we want to have more money in retirement, and keep that money and maybe even have money left over for our kids when we go to that 'Spirit in the Sky', leaving Connecticut is critical.
Make sure your portfolio is appropriately allocated and diversified to meet your circumstances and goals. And remember that your investing decisions should be based not on market timing but on the time you have to invest.
Retirement prospects seem grim for Millennials, but they're especially tough for first-generation Latinos from mixed immigrant status families. Yet as a young Latina, I'm more worried about my family's retirement prospects than my own.
What do we mean by well-being? It is a multitude of dimensions that work together to create quality of life, such as eating well, exercising, having access to healthcare, financial security, a sense of purpose and social aspects of life, and the like.