retirement
The Multiple Phases of Retirement
Bruce Helmer and Peg Webb, financial advisers at Wealth Enhancement Group and co-hosts of “Your Money” on News Radio 830 WCCO on Sunday mornings, take a look at life in retirement, breaking this life phase into three separate sub-phases. From…
Some Thoughts on Social Security and Medicare as Retirement Approaches
The Durango Herald’s Wendy Rice is a believer in the importance of careful planning for one of the most substantial decision points in your life…retirement. In fact, she believes that detail planning for the decisions one needs to made should…
Dealing with Market Volatility as You Approach Retirement
It’s been a good equity market for quite a while now, but most analysts–and history itself–tells you that over time, there are ups and downs that can cause major shifts in one’s financial resources. And, the close one is to…
Retiring? These Five Financial Principles Can Guide You
The Motley Fool’s Christy Bieber suggests these five rules to live by when retiring: maximize Social Security benefits, continue to invest but more conservatively, have a plan for withdrawing savings, keep in mind the required minimum distribution rule at age…
The Importance of a Post-Retirement Strategy
If you’ve retired from the workforce but haven’t filed for Social Security benefits, most financial advisors would advise you to hold off as long as you can (by the way, take a look at our recent post on this issue…
Sailing Past the Mythical “Retirement Age”
As life expectancy continue to advance, and as more and more older folks are realizing the inadequacy of their retirement nest egg, it’s no longer uncommon for seniors to roll right past what was once the traditional retirement age and…
Navigating Financial Obstacles in Retirement
It can be a mine field, this process of building and managing a solid retirement financial picture. In fact, this mine filed is strewn with obstacles that can derail one’s financial plans quickly. Fox Business reporter Leia Klingel, in a…
Entering Your 60s? It’s not too late to shore up your Social Security picture
With nearly a third of all seniors finding themselves totally reliant on Social Security for their independence, and with fully 62% of seniors depending on the program for at least half of their retirement income, it’s critical for so many…
Early Retirement: Why it may not always be the wrong choice.
These days, it seems that those dispensing advice on retirement financing routinely sound off about the dreadful consequences of taking Social Security benefits at age 62–the earliest possible age to file. And it’s certainly true that filing at age 62…
No 401k? Don’t Give Up…You Still Have Options
The problem of inadequate wealth accumulation for one’s future retirement security is an issue appearing frequently–some would say constantly–in the financial media these days. You’ve no doubt seen the statistics, like the National Institute on Retirement Security’s conclusion that 66%…