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Tag Archives: retirement

Why We Need to Stop Sneering at Millennials

retirement

I’m the perfect age (um, let’s just say in my 50s) and profession (CPA and credit counselor) to insult Millennials. They’re idealistic. They don’t work hard. They need constant care and feeding to do their jobs. On and on. Except I don’t believe any of that. While my parents were the Greatest Generation, I believe my children will eclipse them. ... Read More »

    Beware of This Bill in Retirement

    medical-bills

    Alexandria, VA (PRWEB) March 18, 2015 It’s possibly the biggest challenge for people planning retirement — budgeting for the cost of health changes as we age, warns The Senior Citizens League (TSCL). Careful planning is critical, because healthcare takes a significant chunk of most retirees’ Social Security benefits right from the start. “But that chunk grows bigger as people’s health ... Read More »

      You Don’t Have to Be Rich to Retire Happy (In Fact, Far From It)

      Bikers View

      We all hope to “retire” someday. (Why did I put “retire” in quotes? Because most of us don’t want the freedom to sit around and do nothing — instead we hope to have the freedom to do more of what we want to do and less of what we have to do.) Does that sound like a happy retirement? Of ... Read More »

        3 Questions That Can Lead You to a Better Retirement

        questions

        How do we decide what percentage of our income to earmark for retirement? Undoubtedly we think about the bills we have to pay, the medical expenses we might incur, the food and personal care items we need to purchase. This is a solid start — putting any amount of money aside for retirement is smart and necessary. But how many ... Read More »

          Help! We’re Worried We’ll Outlive Our Retirement Savings

          daylight-savings-time

          Jan and Tim need help deciding what to do with a lump sum of money. Call it something of a delayed inheritance. When they sold an inherited property, the couple extended a mortgage to the homebuyers. That worked nicely for years, but when the new homeowner eventually decided to get a new bank loan. That meant a windfall of $800,000 ... Read More »

            Baby Boomers, Gen X & Millennials: They All Have Their Money Problems

            future

            A new report confirms what we all fear to be true: Americans, no matter their age, are generally terrible at managing their money. In short, we all need to save more. A lot more. This insight comes from Financial Finesse, a think tank geared toward helping people reach financial independence and security, in its 2015 generational research study released today. Financial ... Read More »

              All Retirement Fears Boil Down to the Same Thing – Not Enough Money

              retirement

              A recent retirement poll cited too much debt as number four on its list of US fears and that even affluent populations are afraid of running out of money. Fort Lauderdale, FL (PRWEB) March 03, 2015 A recent poll from Bankrate.com focuses on Americans’retirement fears about medical bills and that affluent populations are afraid of running out of money. What ... Read More »

                Making Sure Loved Ones Are Prepared for Their Retirement Years

                retirement

                If a senior relative faces a sudden, debilitating illness or starts losing control of everyday finances, would you know where his or her retirement, estate and long-term care issues stand? If the answer is no, you’re not alone. In many families, it takes a crisis — a prolonged hospital stay or problems at home with neglected maintenance and bills or ... Read More »

                  My Life is Hopeless. I Can’t Pay My Bills. What Can I Do?

                  Avoid Bankruptcy Monster

                  Question: I Can’t Pay My Bills. What Can I Do? Dear Steve, I’m so completely freaked out about my bills. I’m now so in debt and worried about it I can’t sleep, I’m depressed, and all my wife and I do is fight about money. I’m constantly telling my kids they can’t participate in any school events because I can’t ... Read More »

                    How Much Money Do You Need to Have?

                    2015-02-19-howmuchmoney-thumb

                    We would all like to have enough money to do the important things: live life, retire comfortably, educate our children, and so on. More importantly, how do you make sure that you have enough to reach these various goals? Careful planning is essential, but you need to start from the bottom and work your way up to the big goals. ... Read More »

                      How One Couple Merged Their Money Over 17 Years

                      seavey2

                      Bill and Eleanor Seavey started their marriage 17 years ago with a prenup. Neither can remember exactly when the agreement sunsetted, but clearly it has. They run a bed and breakfast together in Cambria, Calif., and it doesn’t make sense to them to have an account a spouse can’t access. “She has access to my money, and I have access to hers,” ... Read More »

                        Baby Boomers and the Dilemma of Facing Retirement

                        Ready to Collapse

                        In 2006, the group of Americans known as baby boomers (1946-1964) turned 60 years old. Now almost a decade later, a number of them are either heading toward or have entered the retirement phase of their lives. The fact is that this is a transition that is not always as serene as many boomers envision such an experience will be. ... Read More »

                          Reduce Your Spending and Save More. Now.

                          Ready to Collapse

                          Here’s some good news. Fidelity Investments recently reported that the number of 401(k) millionaires on their books has doubled over the past two years. Specifically, they went from 34,920 accounts with million-dollar balances to, as of the end of 2014, 72,379 accounts with seven-figure balances. That’s wonderful for those folks. The bad news is that those diligent savers are the ... Read More »

                            The Most Frightening Personal Finance Data You Will Ever Read

                            Cosplayers at San Diego Comic Con 2009

                            Forget about worry if a credit card or debit card is right for you. Or even if you should buy or lease your next car. Figures about people headed for retirement have my heart pounding in my chest. It’s the most frightening information you will read and hopefully it will help some people to get scared straight and fix this ... Read More »

                              I’m Retiring with Credit Card Debt I Cannot Afford. – Terri

                              retirement

                              “Dear Michael, I will retiring in 2015 and I only owe American express and I can’t pay them since my only source is social security and will be moving to Mexico. I understand they can’t get my social security. Do I still need to file with the courts on this debt? Terri” Dear Terri, Whether or not you have to ... Read More »

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