14 06, 2017

The Monk Who Left the Monastery to Fix Broken Retirement Plans

By | 2017-06-14T23:24:53+00:00 June 14th, 2017|Retirement|0 Comments

There are many things that Doug Lynam must think about now that he no longer wears a robe and lives in a monastery. Socks, for one. Do they match? Should he care? “How does this color thing work?” he wondered aloud in his office this week while sporting a muted gray pair that did not [...]

14 06, 2017

Ouch! 3 ways poor health hurts in retirement

By | 2017-06-14T23:16:45+00:00 June 14th, 2017|Retirement|0 Comments

Nearly two-thirds of workers say they are contributing less to their 401(k)s because of rising health costs, according to a new survey. In 2016, employees using both a 401(k) and HSA saved an average 10.6 percent of their salary, according to a recent study. Don't skip that annual physical. How healthy you are could have a [...]

14 06, 2017

5 Things to Give Up If You Want to Be Debt-Free

By | 2017-06-14T23:11:34+00:00 June 14th, 2017|Retirement|0 Comments

Even eating out a few times a week can add up quickly. So the more food you can prepare at home in advance, the better off you'll be in terms of your food budget and your bottom line. "My biggest [savings tip] I learned from my parents," says Scott Alan Turner, who paid off more than $70,000 in loans to become [...]

14 06, 2017

Americans aren’t Loving Retirement Like They Used To — Here’s Why

By | 2017-06-14T22:34:38+00:00 June 14th, 2017|Uncategorized|0 Comments

Retirement satisfaction isn't what it used to be, and the reasons may surprise you. Retirement is a time to shake off years of employment and enjoy life, right? That might be the goal, but many Americans aren't feeling it. Dwindling satisfaction A 2016 Employee Benefit Research Institute (EBRI) study analyzed retirement satisfaction trends between 1998 [...]

14 06, 2017

Who Says You Need Tax Breaks for Retirement Saving?

By | 2017-06-14T22:29:19+00:00 June 14th, 2017|Retirement|0 Comments

Auto-enrollment and payroll deduction can be more powerful ways to avert America’s retirement crisis. In April alarm bells went off—briefly—in the world of people who keep a close watch on 401(k) retirement plans. According to the Wall Street Journal, Gary Cohn, director of the White House National Economic Council, discussed with senators whether to drop [...]

14 06, 2017

Why I Am Giving My Children Their Inheritance Now

By | 2017-06-14T22:25:16+00:00 June 14th, 2017|Retirement|0 Comments

I have worked for a man who owns his-and-her 747s. Another former employer has a 10,000-acre hobby farm he visits about 10 times a year. And, in a total coincidence, I have been hired by two people who each happen to own one of the 25 largest yachts in the world, boats that come with [...]

14 06, 2017

How Much Should You Save for Retirement?

By | 2017-06-14T22:21:19+00:00 June 14th, 2017|Retirement|0 Comments

Your company may not be urging you to put enough away. Here’s what the experts say. It's hard to plan for retirement, and one of the trickiest questions is: How much should I save? The honest answer is: It depends. "The best-laid plans can be undone by a messy divorce, a disabling disease, or a [...]

6 06, 2017

Unhealthy habits could destroy your retirement

By | 2017-06-14T20:44:56+00:00 June 6th, 2017|Retirement|0 Comments

Unhealthy habits could destroy your retirement That active retirement you've planned could be derailed by your health. Fidelity estimates that an "average" 65-year-old couple retiring in 2016 would need $260,000 to cover health care in retirement. Not all investments for retirement are financial. Most workers expect to have an active retirement full of travel, hobbies — and [...]

29 05, 2017

3 Social Security surprises that may leave money on the table

By | 2017-05-29T22:49:02+00:00 May 29th, 2017|Retirement|0 Comments

3 Social Security surprises that may leave money on the table Almost a quarter of future retirees who expect to receive Social Security either guess or don't know how much their benefits will be. Newslook Even if your retirement is years away, it's a good idea to periodically check in on your Social Security benefits. Why? To [...]

29 05, 2017

Backdoor IRAs: Another way to save on taxes in retirement

By | 2017-05-29T22:36:30+00:00 May 29th, 2017|Retirement|0 Comments

Backdoor IRAs: Another way to save on taxes in retirement Unless you've filed an extension with the Internal Revenue Service, the 2016 tax year is now history. You're probably ready to take a break from thinking about taxes at all, but there is no time like the present to consider how you might save on [...]