Ever dreamed about retiring to an island? Whenever I see a travel commercial with sand and water, it gets me going. The camera will zoom in behind a couple sitting in beach chairs watching the sunset with the sound of nothing but seagulls.
There are so many other fun ways to spend our money, it's hard to stay focused on retirement. Still, despite the distractions that summer brings our retirement readiness plans, there are ways to get over those hurdles and stay on track.
If you are in your 20s or 30s, I can guarantee that, when you are in your 60s, you will look back and think 'How on Earth could I have been so stupid?' No, I'm not talking about your decision to get back together with what's-his-name or your tattoo.
We got smartphones and we got smarter at navigating our way around the Internet. We've become savvy at finding new 'likes': online dating, Scrabble, Skype, Twitter and every hot travel deal going. We've joined Facebook in droves (until our sons and daughters fought back by un-friending us).
Start saving for retirement today! While your kids may not like the fact that you won't co-sign for a student loan or even give them money toward college, it may be the right decision for you.
Retirement planners used to talk about the "three-legged stool of retirement income -- Social Security, traditional company pensions, and personal savings." Nowadays, many of us are sitting on legless stools.
Then: Men trying to undress us Now: Men telling us to undress require a co-pay
Employers might not be paying much attention to the fraction of a percentage point in fees that separate many 401(k) plan providers, but they should.
When I was 80, I wrote a personal memoir. This is what I said about old age: 'I am an old man. Eighty has got to be old. But, if in good health with all the joints and the brain working, what is the big deal?' Now, at 87, I wouldn't say that today.
In today's market conditions, investors should be looking at shorter time frames. They should be shifting their portfolio in and out of markets based on which assets classes offer the best short- and intermediate-term opportunities.
Last year Doug Bailey, a Southern California firefighter, put down his firefighting gloves and jacket one last time. Now, as a retired firefighter, Doug spends his days capturing breathtaking images.
Weather was a huge factor in our decision to move abroad. Not that we don't dearly love our hometown of Omaha, Nebraska. But there are times when it gets so cold or so hot that going outside simply isn't an option.
I heard my husband Tim say, "If you're going to live in a 500 square foot apartment in a country where you can't speak the language, you'd better really like the person you're with." The woman seated next to him at the dinner party giggled.
Moving abroad to a place with better weather, a lower cost of living, and decent health care sounds like a no-brainer. It's a wonderful option for anyone looking to improve their current lifestyle and spend less money to do it -- especially for retirees on a limited budget.
A strong personal economy has, historically, been built on traditional pillars: Make smart investments, manage expenditures, and build sound credit history. But in today's increasingly interconnected world, that alone won't cut it.
As you get closer to retirement, your investments should be more conservative. That's because you have less time to recoup any losses incurred by our beloved stock market. To be honest, saving more will impact your situation more than hiking your stock allocation.