When you retire, where will your money come from? The list is fairly short: Social Security, a pension, working, your assets, children, or public assistance.
Tag Archives | Retirement Planning
Your family day at the lake is interrupted by a thunderstorm. You’ve planned the perfect outdoor June wedding, but unseasonable cold will have the bridesmaids turning blue. You and your spouse have to cancel a romantic weekend getaway when the kids come down with chicken pox. In cases like this, having a “Plan B” can […]
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 […]
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 […]
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 […]