We talked to Jeremy Jacobson, 39, who retired a year ago thanks to the nest egg he and his wife saved for 10 years. They have no plans to rejoin the workforce, because they expect their money to last another 60-plus years. They even want to have kids.
While living in the San Francisco Bay Area my husband and I both worked long days, and too many weekends. We rarely bumped into our neighbors, had little free time for socializing, and even less energy.
Baby Boomers........... OK, I'm just not satisfied, comfortable or excited about referring to my girlfriend Darla as my "girlfriend". Do you know wh...
Congratulations! You're one of the lucky, financially diligent few who have your basic financial security numbers -- that is, retirement, credit card debt and emergency savings -- under control, and you deserve a big pat on the back. But the big question remains: Now what?
Something as important as a 401(k) - a long-term savings vehicle that is for many people their largest or only source of retirement income - deserves the kind of care and professional management we employ in so many other areas of our lives.
Here are my top three things to consider if you're trying to encourage millennials to save for retirement.
Everyone dreams of getting rich and if you're in your 50s or older and getting by in your career and don't have a lot saved for retirement, becoming a millionaire over the next five years doesn't have to be a fantasy. All it takes is a change of mindset about money.
I wake up naturally, no alarms needed anymore. The sun greets me, as it does every morning, and my French doors open onto my patio, where I can watch the waves crash over the rocks in the bluest of oceans. Birdsong mixes with the calls of howler monkeys, letting me know that they are somewhere in the trees. My yard looks like a jungle -- coconut palms, fruit and avocado trees.
Beyond financial considerations, longer life spans and better health into the retirement years are changing the way retirees expect and desire to live their lives. They're more active and the idea of stopping all work activity is not the goal anymore.
Two female friends of ours recently announced their plans to retire from their jobs in September. But not our friend, Larry. The idea of retirement terrifies him.
It represents everything that is bad about the financial services industry. The other side is the RIAs (Registered Investment Advisers). They represent everything that is good about the financial services industry.
Later this year, at the age of 32, I plan to quit my full-time job as a software developer and don't intend to look for another one. By then, I expect my portfolio will be large enough to fund my essential expenses for at least the next 30 years, if not indefinitely, so that getting another 9-to-5 job becomes an option rather than a necessity.
Employers need a system that doesn't place their businesses at risk, and employees and retirees need to know that their retirements are secure. They deserve a pension system that they can count on, yet Congress waits to take action.
Shifra Raz and Benny Rubinstein seem like just another happily retired couple living in Santa Monica, CA. Shifra was a teacher for much of her career, while Benny was trained as an engineer and worked as a project manager in the Southern California aerospace industry. Both Israeli immigrants to the U.S., they met and fell in love 17 years ago, on the heels of Shifra's divorce from her 31-year marriage.
If there is one thing we know, no matter the country we expats live in, we will never be 'locals.' We can get legal residence status and even become full-fledged second-passport carrying citizens of any of these countries if we so choose... but we will never ever be Mexican or Ecuadorian or Nicaraguan or Costa Rican or Panamanian...