Posts by Doug Reed
Reasons You Should Plan to Live Until You’re 95: Anchor your financial planning on how long your money needs to last
How long do you think you will live? How long does your money need to last? If you’re like most people, you get this age wrong. The consequence? Faulty retirement planning, overspending now and running out of money before you actually reach your true longevity. Or spending too little now, depriving yourself of a comfortable…
Read MoreRetirement Planning Does Not Stop in Retirement: Five easy pointers to help you plan during all of your retirement years
If you’re retired, you enjoy good news in that you’ll probably live longer and perhaps better that your parents and grandparents did. The bad news: You’ll live a longer and perhaps more expensive life, too. You face decisions your parents or grandparents likely didn’t face before you. This means every year you need to realistically…
Read MoreFacing Down the Fear of Running out of Money: Tips to avoid one of the biggest retirement worries that all of us will face
Retirement is a major milestone that brings many life changes. One thing that doesn’t change for most people: the fear of running out of money. In fact, one of the most frequently reported retirement worries is outliving savings and investments. And interestingly, this is a concern across all ages – many don’t think they’ve built…
Read MoreFive Keys to Authentic Retirement Happiness: The ability to enjoy our golden years is the same as the ability to be happy
People say things like, “When I retire, I am going to be happy,” or “When I don’t have to work anymore, I will be happy.” The truth is, if you don’t think you can be happy until you retire, you won’t be. One of the most recognizable cartoon characters is Snoopy. So much so that…
Read MorePlanning For Unexpected Costs Before You Retire: Your retirement planning needs to incorporate more than just investments
Your open heart and your destitute relatives can combine to threaten your retirement savings – savings you soon may need. Learn the true cost to your future before you write that well-intentioned check. If you’re close to joining the other side of 50, you have probably noticed already that patterns are emerging about how you…
Read MoreBoost Your Retirement with IRAs and 401(k)s
Remember, early planning puts time on your side Whether retirement is around the corner or decades away, there are more options than ever to help you plan for it. Let’s look at Individual Retirement Accounts (IRAs) and 401(k) plans, which offer tax benefits that can help you save for your future. Traditional IRAs Traditional IRAs…
Read More401(k) Savings Plans Get a Boost in Bipartisan Retirement Bill
Workers could save more and delay withdrawals under measure passed by House Americans could stash more in their 401(k)s and sit on their nest eggs longer under a House bill that aims to boost individual retirement savings. The bill, passed Tuesday by a vote of 414 to 5, raises contribution limits for older workers, and…
Read MoreFour Financial Planning Essentials to Ease Your Retirement Fears
When it comes to planning for retirement, it’s easy to get overwhelmed. Putting together a financial strategy can be complicated at any time of life, what with changing regulations, ups and downs in the market, and disagreements – even among the better-known investment advisers – about the best ways to save and spend money. But…
Read MoreFive Common Misconceptions About Retirement
Retirement is not what you retire from, but what you retire to When you plan for retirement, an exciting new phase of life, double-check your expectations. They may not match the reality. Baby boomers, currently in their 50s and 60s, view retirement differently than the previous generations. Many boomers consider retirement as an opportunity to…
Read MoreWhat’s the Best Age to Receive Social Security?
Advice from the Social Security Administration can guide your decision One of the most vexing questions for anyone planning for retirement is: “What’s the best age to start receiving Social Security benefits?” You’ve probably heard that you can begin receiving Social Security benefits at age 62 and that is true. But the benefits are “reduced”…
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