Although the road to a comfortable retirement is full of uncertainty, the good news is that you don't need to predict the future to be able to prepare for it. You have the power to make decisions today that will directly impact how you live tomorrow.
With the future of Social Security uncertain and an increasing number of workers approaching retirement, having access to intuitive, low-cost retirement plans along with a sound strategy to work toward retirement goals is more important than ever.
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. In addition, we also investigated the role (or lack thereof) a financial advisor plays in helping millennials plan and save. The results? As varied as their personalities.
Retirement is often thought of as a far off and hard to achieve nirvana, here are a few endearing myths that may throw off your financial planning.
I recently returned to Ecuador from a two-week spell in the U.S. and I'm still processing the experience. It was fabulous to see family again and connect with co-workers, but my time there was not quite as I expected.
It's not unusual for a worker to lose track of a pension benefit. Perhaps you left an employer long ago and forgot that you left behind a pension. Or maybe you worked for a company that changed owners or went belly up many years ago, and you figured the pension went with it.
While reverse mortgages can provide significant cash during retirement, they may not be the best choice for everyone. If you are thinking about a reverse mortgage, discuss your options with a neutral financial adviser. Always know all the details before making any financial decision.
I'd like to invite you to do a thought experiment. Imagine what it would feel like to have spent most of your life working in corporate America. You...
In the 21st century, many seniors are not retiring from something. Instead, retirement is an opportunity for reinventing, reimagining and reconnecting to one's self, family, friends and 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.
Developing a plan for the sale or transfer of the business is only part of the challenge for baby boomers who own businesses. Many owners may also need to adjust their business models in order to be able to sell or transfer ownership at all.
So let's say you've got the basics down. You've decided you're a moderately aggressive investor looking for growth, and you've researched and chosen a couple of initial investments. Are you ready to buy? Not quite.
At the tender age of 90, retired psychologist Ken Barringer has penned his very first book -- because he wanted to share everything he's learned during his almost two decades of retirement.
Learning how not to fall is important, but learning not to fear failure is equally important. Men and women over 60 need help building new careers, starting new businesses and finding new relationships. We need encouragement to pursue our passions, to reinvent ourselves.
Boomers are sending a signal to the new economy: we aren't 'moving over' to cede our careers to younger generations. Retirement at 65 is either unaffordable or irrelevant to a generation that either must keep working to survive, and/or wants to keep working to serve a meaningful and purposeful life.
Senior homeowners looking to shop the HECM reverse mortgage market for the best price, meaning the lowest interest rate and origination fee, have a major problem. Unlike the standard mortgage market where price data are available from many sources (including third party multi-lender sites), in the reverse mortgage market prices are hard to find.