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.
For many people my age, the word 'retirement' has even worse connotations. One of my friends shrivels her nose whenever the topic comes up, as if the very word contains a whiff of nursing home. For my husband, the word is freighted with images of ancients in Florida.
Isn't it about time we reimagined what being old is? We can start with who we call 'elderly,' and maybe we could stop assuming that every 66-year-old is going to retire the very moment they reached full retirement age.
Do you have a cool million dollars sitting in your retirement account? If not, you probably need to keep saving if you're planning on retiring in one of America's largest cities.
Moving a parent is accompanied with unique challenges and emotions. Not only is there the task of downsizing a home lived in for decades, there are the deep emotions that come from saying goodbye to a lifetime of belongings and a well-loved home full of treasured moments.
In early 2015, having left the paper industry and moved to Georgia, Jim Gehrman decided to change his destiny, and insure that legacy. He opened up his Supergreen Solutions franchise, and is discovering the entrepreneurial life in his early 50s for the first time.
I don't believe that the Social Security Administration (SSA) is out to intentionally mislead us, but the system is extraordinarily complicated. And of course it's always possible that an agent will misinterpret your question or even make a mistake.
There are simple steps you can take to maximize your retirement savings and make 401(k) maintenance a more manageable pursuit. Here are my tips for staying on the right course this season and beyond
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.
Vicki retired after 26 years in the insurance industry and knew it was time for a life dedicated to art. First, she provided a collection of large whimsical paintings to decorate the walls of the newly built Battered Women's Shelter.
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.