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Tag Archives | Retirement Planning

Consider Taxes Before Retiring Abroad

One way to stretch your retirement nest egg is to relocate your retirement nest. Finding a place with a lower cost of living can include considering retirement in another country. Before you pack your sunhat and flip-flops and head for a low-cost retirement haven, however, take a look at all the factors affecting your retirement […]

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Seen Yearly, Retirement Medical Costs Not So Scary

Have you ever worried yourself into a frenzy over something, only to find out you were worrying about the wrong thing? For example, researchers say that Baby Boomers are more worried about being financially devastated by unexpected health costs in retirement than they are about outliving their retirement savings. But isn’t the cost of health […]

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Term Life Insurance Can Protect Retirement Plan Contributions

Some of the typical reasons for life insurance are to replace a breadwinner’s salary, pay off large debts, and pay estate taxes. Another reason to carry life insurance—if it’s the right kind—can be to fund a retirement plan. To illustrate, let’s imagine a couple, both 55, with two grown children, two good jobs, and no […]

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Reality of a Million-Dollar Retirement

Retiring on a million dollars. The idea may evoke images of lavish retirement homes or luxurious travel. But let’s take a closer look at the real lifestyle that $1 million of retirement savings will afford. It’s reasonable to assume a long-term real return, after adjusting for inflation, of 2% on a diversified investment portfolio. At […]

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Retirement Funds Ease The Hard Realities of Aging

At the gym where I work out it’s not uncommon to hear us old guys complaining in the locker room about our aches and pains. When the complaining subsides, inevitably someone will remark, “Well, at least getting old is better than the alternative.” If you are fortunate enough not to die prematurely, you are going […]

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