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I really enjoy playing golf and the other day I realized saving for retirement is a lot like golf. Let me explain my thinking.
Golf takes time and dedication. You can’t go play golf once and decide you know everything. Golf is very complicated and takes time to see the fruits of your ... Views: 1287
At the Peninsula School, the University of Cambridge, and the University of Michigan, researchers have conducted the first international comparative of cognitive function in older adults in the U.S. and Britain. The results showed that U.S. seniors preformed significantly better than their ... Views: 2140
The real estate industry is in a virtual free fall. Even as rental rates drop, vacancy rates are soaring in many locations. When the market hits bottom, the value of commercial real estate may settle at depression levels, according to some independent reports.
This is a major reason assisted ... Views: 2748
When terminally ill patients are feeling relatively well, doctors may sometimes avoid discussing important end-of-life care issues with them, a new study has found.
In January of 2009, the Journal of Cancer surveyed close to 4,000 physicians and asked them how they would counsel a ... Views: 2125
If you're over 60, you're probably familiar with the traditional "Three Legged Stool" model of saving for retirement; SOCIAL SECURITY, PENSIONS, SAVINGS. You may have used this method in planning your retirement income. Well don't get too comfortable - the stool's broken! If you've watched the ... Views: 2393
According to researchers at the Center for Retirement Research at Boston College, in upcoming years, reverse mortgages will an important tool used by baby boomers to help them afford expenses during retirement. The continued popularity of these loans leaves many seniors asking, “What is a ... Views: 927
You have probably seen the stories on the news (especially the morning talk shows) about people who save hundreds of dollars on every shop by using coupons. You may say “that could never be me; I don’t have time to clip and organize coupons!” Believe it or not, couponing is really not ... Views: 1347
Question: This stock market is nuts! How am I supposed to protect my IRA from losing money when I’ve only got three years until I retire? Joan, NY
Answer: Joan, as I mentioned in my last post, a few years before retiring you should begin to accumulate an amount of money that's equivalent to ... Views: 1183
Question: In a recent post you had strategies for strengthening your retirement picture for people in their 50’s and 60’s. What about those of us in our 20’s to 40’s? Maxine, Tenafly, NJ
Answer: Maxine, I didn’t mean to leave you and the other youngsters out. Here’s a checklist to get you ... Views: 2122
While you are racing toward the inevitable here is a little secret about retirement that no one is telling you about. No, they don't mean to keep it a secret the fact is most persons don't really know. So here is what you should know about retirement that no one is telling- Retirement Ain't What ... Views: 1161
Dear Bill: I’m 60 years old, divorced, and was forced into early retirement two weeks ago. My 401(k) is still down 25% from its all-time high and I’m real nervous. Now that I don’t have a paycheck and since I won’t become eligible for Social Security for two more years, I have to live on ... Views: 1269
Senior Citizens,Retirees And Network Marketing
Their are many people who are either voluntarily retired or forced into retirement, because of the way the economy is changing right now. Some have been downsized and some have received retirement packages. This does not mean that they are not ... Views: 3161
Buying a car is a big decision one must understand. Nowadays, a lot of people especially those who belong in the average life status couldn't able to afford to buy a certain car in cash. That's why, the need of a car finance loan is very evident in the market. There are lots of car finance ... Views: 2049
Retiring from ones employment can be a stressful time but it doesn’t have to be. Realize that it’s natural to be nervous, anxious and/or confused when you’re going through a major life change. Your decision to retire is causing you to step outside your comfort zone and is forcing you to make ... Views: 1077
What if there was an easy way to implement a whole new approach to retirement funding, pension planning, and Social Security? Would the politicians be interested? Let's find out.
What if the new plan actually reduced payroll taxes, cut prices, created jobs, increased salaries, raised ... Views: 1610
Do you think is it too soon to begin planning for the tax changes in 2010 or think about how it will impact your retirement account? Absolutely not.
“Now is the time to start to plan to take advantage of future tax-free funds”, says Hubert Bromma, CEO of the Entrust Group, the nation’s ... Views: 1399
What should you do with your old 401k retirement plan if you change jobs? Uncertainty and inaccurate advice can cause anxiety and catastrophic financial consequences.
As you may know, a 401k or other defined contribution plan is an excellent retirement savings vehicle. You can accumulate a ... Views: 1695
When most seniors ask, “How does a reverse mortgage work?” they are really asking how to apply and qualify for a loan. For many seniors, qualifying is the simple part. To qualify for a federally-insured reverse mortgage, or Home Equity Conversion Mortgage, seniors must be 62 years of age, own ... Views: 1210
Many consumers think of lenders as the enemy. They are the ones charging expensive fees, giving borrowers high interest rates and, when it comes to reverse mortgages, taking advantage of seniors. Fortunately, this could not be farther from the truth.
Reverse mortgage lenders are a senior’s ... Views: 1164
Many of us now make contributions to an Individual Retirement Account to safeguard our financial future and save for retirement. It is important to understand the specific IRA rules so that we can take full benefit of the savings plan. Any form of taxable income can be used in IRA contributions; ... Views: 896
How do you make safe investment income? You will know one great way after you read this article.
Any good source of investment income must have -
* Low risk to your capital.
* Large and predictable payments of earnings.
America's county and municipal governments are eager to offer you ... Views: 1158
While some seniors plan on using a reverse mortgage as a retirement tool, many others are still on the fence. By now, many consumers know that reverse mortgages are loans that allow seniors over 62 years of age to convert a portion of their home equity into cash. Many consumers also know that ... Views: 1367
The first wave of baby boomers turned 60 in 2006. The largest, most demanding and most examined generation in history is already facing up to a future that looks nothing like our parents' second half of life. Thanks to medical advances and information about health, baby boomers can expect to ... Views: 935
Do bonds offer safe retirement income? Are stocks too risky for retirees? Read this article to learn the truth about what's safe and what's not.
Most people get the same bad advice - "The older you are, the more you should put in bonds. Stocks are too risky." But bonds are more risky now than ... Views: 747
You're saving for your retirement, right? You're feeling pleased with yourself as you're putting away a good chunk of money every month in your 401(k). But are you really getting what you think you're getting? Here is an ugly truth that your employer -- or your 401(k) administrator won't tell ... Views: 873
How is your IRA doing? If yours has been performing like most people's, your savings have been virtually decimated in the last few years. That's very unfortunate, and it happened because so many people don't know what they need to do to keep their savings safe even during bear markets, and to ... Views: 1011
Boomers want in retirement what they wanted from their work. To have fun, great experiences, and make a difference. Retire and discover a new sense of purpose.
In today’s complicated world, earning a living is the primary purpose of most working adults. It’s an important role, but can also ... Views: 1521
As boomers become retirees, they face a new retirement life. What is happiness based on? As you understand what makes you happy, you can create a more rewarding new senior life.
Every year, thousands of people retire, leaving the workforce, looking forward to a well-deserved life of leisure ... Views: 1216
"And it is that that we must commit ourselves to change!"- Rt. Hon Prime Minister Hubert Ingraham
It is not often that I am moved by what is said in parliament but this past week provided me with one of those rear moments. A moment so profound that I had to share it with you - And it may ... Views: 1096
As baby boomers approach retirement, there is the realization they have forgotten how to play. Not to be confused with self-indulgence, play is an activity that needs to be cultivated in a whole new way.
What is play? Believe it or not, baby boomers have forgotten how to play. Learning how ... Views: 1086
Reverse mortgages are unique loans that give seniors the opportunity to withdraw a portion of their home equity and defer payment until their home is sold. Unlike other loan products, these loans carry strict age requirements. To qualify for a reverse mortgage, borrowers can be no younger than ... Views: 906
What are your retirement goals and dreams? The baby boomers retirement will be different from former generations. It still to be determined whether it will better or worse.
Do you want to have a happy retirement? Of course, you do.
Do you want to have a retirement different from your ... Views: 1368
As the boomers retire, they have the opportunity to enter an exciting new adventure. Without planning, this new retirement could turn into dreary nightmare.
Experts have identified six key issues that are important when facing retirement. They are: wealth, health, relationships, ... Views: 1047
One of the problem business owners have - especially small business owner - is how to set up their retirement plan without having to provide it for the whole world! If you try to set up a 401k or other Federal plan you have to include your employees. Now as a small business owner myself, I ... Views: 1867
Home Equity Conversion Mortgages (HECMs) remain popular with seniors interested in making the most of their home equity during retirement. While many of the requirements necessary to qualify for an HECM are clear, others are somewhat hazy. Seniors who are interested in these loans often wonder ... Views: 1044
Seniors who take advantage of the reverse mortgage programs offered by the Department of Housing and Urban Development (HUD) will be expected to pay two distinct mortgage insurance premiums. The first will be an upfront mortgage insurance premium, or MIP, that is collected by the Federal ... Views: 1092
Seniors are commonly told that reverse mortgages are not short-term loans. If an individual plans to move in the next few years, a reverse mortgage will probably not be his or her most economical option. In the past, seniors who planned to move in the near future did not have a reverse ... Views: 977
Question: My company recently sent out a memo saying they were going to suspend their matching 401k contributions for the rest of 2009 and maybe 2010 as well. This could dramatically affect my ability to retire. Are they allowed to do this? Christine, New York, NY
Answer: Christine, each ... Views: 1383
All my clients have one thing in common they want their retirement money safe but they don't want to "tie" it up - they want to enjoy it! So here's a way to "have your cake and eat it too".
Many of you are looking for a safe environment to put your money to avoid the volatility of the market ... Views: 2292
Ok, I know what you're thinking, "What do Dragons have to do with investing?" Well I just got back from the Dragon boat race in Oriental, NC (appropriately name) and I have dragons on the brain! I ran across a quote from J.R.R. Tolkein (Author of the Hobbit & Lord of the Rings Trilogy) "It ... Views: 1706
Despite what the current administration says and would like us to believe, the current financial crisis is not over; in fact it's probably just beginning. If you're paying attention, it doesn't take a genius to figure out that we're on the verge of a catastrophic collapse in the market that ... Views: 1968
If you don't want to be "broker", fire your Broker! Sound a little rash? Think about it. Did you lose a big chunk of your retirement savings back in 2000-2003? Most lost 40-60%. Did you lose again in 2008? Many lost 20-40% or more! Now ask yourself this question, "Did you ever get back to ... Views: 1306
The Automatic Rule
Start saving money today. Even if it’s only a buck or two each pay period, savings is a habit you must start and stick with for the rest of your life. To improve your chance of savings success, automate the process. Have money withdrawn automatically from your paycheck or ... Views: 1242
Question: If one has a properly diversified investment portfolio, what percentage do you feel is safe to plan on withdrawing annually so that my account value never decreases? Susan, New Jersey
Answer: Susan, as long as you limit your withdrawals to the amount of interest, dividends and ... Views: 1484
Seniors seeking reverse mortgage information will quickly notice that these loans are highly flexible. Not only do seniors get to choose from different loan products and interest rates, but they also get to choose a payment option. Currently, Home Equity Conversion Mortgages (HECMs) offer ... Views: 1114
Remember Yoda? The short little bald guy in Star Wars? He lived for 900 years! What did that guy eat for breakfast? Wheaties? Kale? Thin Mint Girl Scout Cookies? He must’ve had great jeans (levi’s, true religion, 7 for all mankind). He also probably meditated, exercised, and took some serious ... Views: 1516
3 Risks During Retirement and ways to Plan
Absolutely no Guaranteed Income Sources- Today's retirees face numerous challenges than retirees from the past. Guaranteed income from a pension is nearly wiped out! For the majority of, Social Security may be the just type of fixed income, but on ... Views: 667
3 Risks During Retirement living and How to Prepare yourself
No Guaranteed Income Sources- The current retired people encounter a variety of problems as compared to retirees off of the past. Guaranteed income from a pension plan is nearly wiped out! For many, Social Security will be the only ... Views: 603
3 Risks In the course of Retirement and the way to Get ready
No Guaranteed Income Sources- Present day retired people face numerous problems than senior citizens from the previous. Guaranteed income from your monthly pension is nearly wiped out! For the majority of, Social Security will be ... Views: 616
Many older adults often carry a deeply ingrained belief that inactive, sedentary lives are an inevitable part of aging. Boomers need to know this mindset is wrong and it can be changed, resulting in a positive physical and mental health change. The baby boomer generation can benefit from many ... Views: 1337