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.
Have you gotten tired yet hearing how broken down and dysfunctional we have all become in our advancing years? If we are smart, we except our shortcomings, find a way to overcome them and move on with living our lives to the fullest.
For a single person approaching retirement, it can be empowering and confidence-inspiring to get on top of the financial planning and be in a position to be ready to retire and embrace this new phase in life.
If David Brat's huge upset of Eric Cantor has legs across America, it may well mean the end of the great political goal of immigration reform.