If you're one of the millions of Baby Boomers and others thinking of selling your business in the next several years, consider this: The top mistake sellers make is having unrealistic expectations, according to a recent survey of business brokers and advisors.
A new study paints a frightening picture about the correlation between Americans' chances at a longer life and their income and assets.
If you're like most workers in a recent survey, your 401(k) plan is your largest or only source of retirement savings.1 Also, like most workers, you may be paying higher fees than you realized for some of the investments in that 401(k).
Some 59 percent of working-age Americans expect to leave a financial legacy to their children, but less than a third report actually receiving one.
I have come to notice over the past few years that my "little dancing friend" doesn't show up as often in the mornings.
In 2035, the youngest boomers will be 71. The oldest will be 89. What is it going to be like to look back from that vantage point? Hopefully, most of us will have figured out how to keep working as long as possible -- certainly to 70, when the maximum Social Security benefits kick in, but probably longer.
"It has Audrey Hepburn, Cary Grant, Paris in living color, and a beautiful score by Henry Mancini," she wrote. "So what's not to like?" Kilgallen's simple, 5-word question sums up my own feelings about the new Housing Plus Services models that are emerging in the field of long-term care services.
If we cling to old definitions of a future no one can pretend to predict, we are still going to age. But we will have been complicit and ultimately powerless by refusing to choose how we will age in the 21st Century. It's time we all thought about that.
Here's a frightening thought: a nice tidy household with great grandparents, grandparents, mom and dad and you -- and, you are 30 years old. A bad dream? Reality? A possibility?
Upon arriving in Brazil, I commenced upon a second and simpler life. I quickly immersed myself in teaching English, exercising, studying Portuguese, and building a new circle of friends. I did not miss my old life, or my old stuff.
Amy Augenblick swears she isn't as traditional as she sounds. She and her husband, Walton Smith, both 43, are saving for retirement together. They both go to the financial planning meetings with their financial advisor--they've known him for decades, she tells me--but, the truth is, she's just not that interested.
While we won't all live to 100, we can make changes in our lives to improve our longevity with the added benefit of improving our quality of life. Get out in your community, make exercise a key part of your life, and stay close with your family. And don't forget to eat your beans.
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.