The great thing about this tontine is, for a small investment you fund a big part of your needs in the event you are one of the lucky ones to live a really long time.
In his prime, my father was a powerful man. He was the first military judge to wear a judicial robe, presiding over courts-martial across Europe. But his prime ended about 25 years ago. My father is now 86 years old.
Vacations are usually thought of as a retreat from the day to day world of business and responsibilities. But that is not always the case when traveling south of our border.
The challenge for the states will be to design and implement public option retirement savings plans over the loud objections of powerful financial services industry lobbyists.
The old standard of retiring and shuffling off to a retirement community is being re-written by baby boomers who want to enjoy their homes, embrace their communities and age in place as long as they can. By renovating their homes, engaging in the "Village" model, and finding innovative solutions like the Golden Girls Network's Home Companion program, it's now possible for baby boomers to stay in their homes longer.
While I generally agree that lowering debt before you retire is a good idea--especially 'bad' debt such as high-interest, nondeductible credit card balances--how much debt you can comfortably handle depends on the size of your debt relative to your projected income.
Retirement is that time of the life when you can execute what you wanted to do all your life. If planned properly, retirement not only gives you time to think, but also frees you from the shackles that have bound you all your life. Here are some easy yet important tips that will make you financially independent for your retirement.
Grandma and Grandpa have some stern advice for the younger generation: learn from their mistakes. Now that they've reached retirement, they're finding that a lack of funds is their biggest dissatisfaction, and they strongly urge younger Americans to open a 401(k) or IRA as soon as possible and fund it as much as possible.
Ultimately, whether you think the cap should be raised or abandoned depends on how you feel about progressive or regressive taxation -- and most likely, how much money you make.
In today's world, with costs rising and your paycheck not drastically increasing each few months, it can be tough to save money. Pinching your pennies may go so far, but there are some simple changes that you can make in the meanwhile that can help you save even more. We'll deliver some simple, helpful financial planning tips that can allow you to get back on the track to being ahead with your budget.
One of the most compelling reasons to retire in Colombia is the currency exchange of the Colombian peso against the U.S. dollar. Your dollar will buy you more in Colombia today than at any time in recent memory.
The World is proving incapable of addressing its greatest challenges. An ageing population is no longer limited to developed nations. Many developing countries particularly in the Balkans are facing the pressure of ageing.
Investors, traders, savers and homebuyers - young and old - were fixated on last week's Federal Reserve interest rate announcement, especially in the wake of recent market volatility.
Investors limit themselves when they buy into these retirement myths. The good news is that with a little education, a little work, and a little patience, investors can achieve the retirement goals that are right for them.
As employers consider the future of their organization, managing talent is a critical component to success. Why aren't more employers offering phased retirement programs?
While it is encouraging that participants understand the importance of professional 401(k) advice, just 12 percent of those with access to it are actually using it - meaning the vast majority are missing out on critical guidance.