Most people entering retirement naturally would prefer to continue to collect a paycheck, much like when they worked for a living.  That regular income is likely to come from Social Security, a pension if you have one, as well as from money in tax-deferred retirement plans such as your 401(k) and IRA accounts. The goal… Continue reading →

The decision to go from working to fully retired is a big one, potentially fraught with uncertainty. And the last thing anyone wants is to go broke in retirement. After all, you have to go from making, spending, and saving money to not making it all and just spending it.  So where does the money… Continue reading →

Picking a date to retire is a big decision, even in the best of times. What does one do in an environment of rapidly rising inflationary pressures? After all, being retired means living on an income that is likely to be the same or less than you had when working, and there will be no… Continue reading →

For many folks, retirement planning comes down to their personal “number,” the savings level at which you can leave work behind and relax in a folding chair on a beach. That milestone number for many of us seems to be $1 million. If we can get to $1 million in the bank, well, that’s plenty… Continue reading →

A goal is a dream with a plan and a deadline, as the saying goes. So what does your dream of retirement life look like, and I mean really look like? Making a commitment to your retirement goals requires getting your financial life in order today. That means writing down a financial plan, and I… Continue reading →

Back in 2006, a couple of U.S. Senators took it upon themselves to create a national retirement security awareness week, set for the third week in October. As you can imagine, the intervening twists and turns in the stock market — the 2008 Great Recession and the Covid crash in 2020 — only served to… Continue reading →

The past year certainly has been tumultuous in many ways, including for retirement savers trying to keep up with tax planning.  There have been a number of changes to your taxes on the legislative front in regard to the pandemic, of course. Add to the confusion an understaffed IRS and questionable mail service and you… Continue reading →

Overspending can be as much a part of the holidays as latkes and caroling. While it’s easy to say “make a budget” there are ways to simplify the process and stay on track. First, go ahead and make that budget, but think beyond your immediate household. The budget should be as broad as possible to… Continue reading →

“Shark Tank” star Kevin O’Leary knows how startup businesses succeed — or fail. Most businesses make it past that crucial first year by finding investors while controlling costs tooth and nail. If only retirement investment advice had that same approach. “If you want to find financial freedom, you need to retire all debt — and… Continue reading →