Retirement
Workers in their 50s and 60s are facing the prospect of getting laid off just before the retirement door is about to open in front of them. According to a recent study at the Urban Institute and ProPublica, more than half of workers find themselves up against this new challenge after age 50. The research […]
Forced retirement is a problem many folks are grappling with these days. Around 37% of retirees in the country leave work earlier than they had expected, typically due to health problems, layoffs, shutdowns and cutbacks. Many forced to retire early struggle with their day-to-day expenses as a result of losing their only source of income. […]
Many freelancers would benefit from saving into a new kind of 401(k) just for them. Unlike corporate plans, these are easy and cheap to administer. Contribution limits are much higher than other small business plans of the past. Many Americans rely on their employer-sponsored 401(k) plans to save for retirement. But what about all those […]
Retirees who are in reasonably good health could have different motivations to work, apart from economic necessity. Some may choose to work out of their need for intellectual stimulation, while others may find that working is good for their physical and emotional well-being. Some may simply want to keep themselves busy by working part-time after […]
The average retiree may need $45,000 annually to pay their cost-of-living expenses throughout retirement. That may sound high, but it actually may not be enough money if you retire to large cities with the high cost of living standards. Have you considered buying property abroad and living out your retirement abroad? More than 432,000 Americans […]
Aging should not be viewed as life chapter of lost youth, but of advanced maturity. Unfortunately, real life is far too cruel for such romantic life notions to apply to everyone. The hard reality is that as they get older, many senior citizens experience an appreciable decline in cognitive function and memory retention. Or they […]
The traditional IRA, Roth IRA, or company 401(k) are good long-term investing options. However, if you were investing during the crashes of 1987, 2001, 2008, 2020, or 2022, putting money in the stock market can be scary. You may have to take increased withdrawal amounts from your portfolio to keep up with inflation. This increases […]
Securing your retirement future will take sacrifice. And not just the financial sacrifice of prudently saving for it over a number of years. You should practice frugality and fight the impulse to waste money impulsively throughout your retirement. As human beings, though, we usually waste money without knowing it. The hard truth is that to […]
The figures for average Social Security benefits in the United States might come as a surprise to many people. Certainly, the benefits are more modest than many people think. The average monthly check last year was about $1,514, or $18,170 annually. And this was just the average. The average aged widowed or disabled worker draws […]
The market value and risk associated with the assets and securities in your portfolio can change over time, often drastically as the result of macroeconomic changes. Eventually, even the most finely balanced portfolio will need a “tune-up” at some point. Here are eight steps to help you rebalance your portfolio and keep it aligned with […]
