There’s a lot of great information available on the Internet. There’s also a lot of misinformation. Some advice is misleading, and some is just plain wrong. The Internet is no substitute for expert financial and retirement planning advice.
Tick, tock, tick, tock. 2013 is almost here, and here are a few more important points to remember if you are still sorting through year-end retirement planning.
Preparing for retirement is like nearing the finish line in a marathon: after so long, the end is finally in sight. In fact, that finish line is really the starting line in a different race—and in order to run it successfully, you have to plan for it.
Are you overlooking the must-do task of protecting your identity? Long gone are the days when taking steps to protect your identity was optional, or something you did only if you had reason to believe your identity had been compromised.
Many Americans are in the process of reassessing their spending patterns, and boomers and seniors are no exception. 73% of adults over age 50 started saving more or cutting back on spending last year, compared to 2010, according to a report by the AARP.
Social Security may be one of the cheapest annuities available. But wait...you don’t “buy” your Social Security annuity payments, right? You’re simply entitled to receive them after meeting certain requirements. Nevertheless. (Part 2 of 2)
Social Security may be one of the cheapest annuities available. But wait...you don’t “buy” your Social Security annuity payments, right? You’re simply entitled to receive them after meeting certain requirements. Nevertheless. (Part 1 of 2)
Almost anyone who has reached the age of majority owns some property. If you’re young, it could be little; if you’re older, it could be a lot. It doesn’t matter if you’re young, old, or in-between: if you own property, you need a will.
Most people who have a 401K or an IRA have little idea of where their money is invested. When you ask them, “Where’s your retirement money?” they reply, “At the bank” or “With my broker.” No wonder so many people are financially unprepared for retirement.
Most people don’t think they’ll ever suffer a life-altering disability. However, a 20-year-old worker has about a three in 10 chance of suffering a disability before reaching retirement age. Most are not financially prepared.