Deferred income annuities go a long way toward solving the generally overlooked issue of how retirement plans provide income for retirees. You may find that it is exactly what you need to make sure you never outlive your money.
If your idea of paradise is a tranquil beach where a couple can live comfortably for $1,200, including renting a furnished home, then Uruguay's Department of Rocha is a place you should definitely know about.
Low rates are a great way to help the government finance its growing deficits. But they sure make it tough for savers and retirees who wanted to live on the interest from their savings. Here are five things you should know about "chicken money."
Some 401(k) participants seem to think it's a percentage. They are confused by the match percentage. Somehow they have confused that's the max that they should contribute.
Last summer, I received a call asking if I would be interested in being mentored by a former CEO of a Fortune 500 Company. A trusted colleague of mine had a friend who was starting a business called My Next Season, designed to transition executives and CEOs out of their corporate positions and into a meaningful retirement phase.
Last month, at the age of 54, I left my full-time job to start a communications consulting firm. Why now? For me, there were four compelling reasons.
Money can be a source of friction in many relationships. Through open communication and shared ownership, a safety net and a strong plan for long-term savings, couples can come out of the money talk more financially savvy and connected than ever.
Talking about money might feel unromantic. Some people consider it a taboo or impolite subject. And it tends to come with all sorts of emotional baggage we'd rather not drag into our blissful new relationship. But having "the money talk" early on is crucial to having a happy future together.
Gov. Bruce Rauner on Monday declared that Illinois state employees who do not wish to belong to a union can no longer have "fair share" fees deducted from their paychecks. In doing so, he likely set in motion a legal proceeding that will be decided by the U.S. Supreme Court and could have a major effect in labor law across the country.
For us, looking over International Living's Annual Global Retirement Index for 2015 is like a trip down Memory Lane. We've lived in each of the top three countries on this year's list at one time or another over our past 13+ years as expats.
One year ago, David and Cathy Thompkins moved from northern Idaho to Cayo, Belize. How did that happen? I'll let them tell you their story in their own words.
Life is different here and life is the same. But most of all, life is good. And that's what we're really after, right?
The minimal role of unions in the 21st century prompts us to consider what else does and does not make sense in the workplace when we live healthy, active lives into our 70s, 80s, and 90s. In societies that are defined by more old than young, the traditions that have for decades shaped work need to be reconsidered.
In the beginning, time is the most abundant resource that you have and you will give it freely. But as your business and income grows, so do your responsibilities. Time now becomes precious because you have very little of it.
"Our view is breathtaking, no matter what time of day it is," says Judy. "Sitting on our porch watching the sun rise is a daily pleasure."
This year, thanks to a few tweaks to the tax code made by the IRS, you can contribute more to your retirement. The money invested today, that grows at a modest 5 percent, will be worth four times as much in 30 years. Find out what you can do now to maximize the growth of your nest egg.