Not living a healthier life can be costly as you age. USA Today recently reported that the top retirement concern for people over age 50 is healthcare costs. In fact growing older and being unhealthy can be financially disastrous. It just makes sense, to take a proactive approach to investing in your health. INVEST WISELY: 5 […]
How much retirement income is enough?
In this video, Dimensional’s Vice President of Research Marlena Lee, PhD, explains that the answer should be customized based on each individual’s lifestyle and income prior to retirement.
Okay, that sounds a little obvious, but give it a view. She’s done a lot of research on what percentage of pre-retirement income is needed to maintain your lifestyle during retirement.
If you’d like a copy of the full research report, sign up for the Retirement Answer Library. It’s in there, along with other valuable resources.
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What will be the next crisis to shock the markets? Syria? ISIL? Terrorist attack? Inflation? HYPER inflation???? How are you supposed to invest wisely for retirement with the world in such a mess? The reaction of many is to just wait. Wait until things in the world calm down. The problem is things never calm […]
Are you in a career that matches your God given talents? Most of us are in careers that we were trained to do. Not careers that centered on our talents. After college, we start work and our careers generally progress on their own without much intentional direction from us. If you’re in your 50s and […]
Wouldn’t it be great to learn about retirement from those that have retired successfully? Here’s your chance. Today at FinCon, the National Conference for Money Media, moneytips.com is releasing the book, The Retiree Next Door. The best part is you can get it for free. Over the last year, the folks at moneytips.com conducted a […]
Have you ever felt distant from your wife? I have. In my 23 years of marriage, there were times my wife and I drifted apart. It’s easy to do. Work, kids, hobbies, etc. just make life hectic at times. We eventually learned to be intentional about nurturing our marriage. Jackie Bledsoe has had the same […]
According to the Bureau of Labor Statistics, “…baby boomers held an average of 11.3 jobs from ages 18 to 46.” It’s likely you’ve accumulated various retirement accounts throughout your career. A common question I get is “Can I rollover my (Insert type of account) to my IRA?” Well, there are lots of types of retirement accounts and […]
Taxes suck. They erode away your income, savings and investments. One strategy to maximize your retirement savings is to convert your IRA to a ROTH IRA. ROTH IRAs are a powerful tool to help you do this but there are lots of tax and planning issues to consider first. That’s why I turned to Ed Slott, […]
Stressed about planning for retirement??? You’re not alone. Most of us (including me) freak out when we look at what it could take to provide for our family in retirement. Don’t believe all the statistics; you can take control. Investing Corner Listener Question: Wayne Asks, “My question is are there hidden risks doing my diversifying […]