Your Safe Retirement Coach
Gathering around the family table for the holidays can be a joyous time. Family members catching up. Mom and Dad enjoying their place of honor at the head of the table with the grandchildren all around. A flawless fresh turkey cooked to perfection with home grown vegetables complete the scene. Soon, the ‘Hallmark’ moment is [Read More...]
The ability of Americans to put away an appropriate amount of savings and investments has been a discussion point on this site for months. I’m concerned that Americans haven’t been saving enough and that this economic downturn further compounds the issue. The reality is that Americans have put away $11 trillion in retirement plans and [Read More...]
As a researcher and author, I view many research reports, especially about retirement. An article by Art Koff of RetiredBrains.com and one of the leading minds in the current area of retirement brought a study to my attention through a recent article in Retirement Weekly. In this article he pointed out that this study, which [Read More...]
I think that we’re only beginning to hear about the start of what may prove to be the biggest disaster this country has ever encountered. The baby boomer retirement era was viewed as a boom time for those people in the retirement industry and for those retirees who were envisioning living out their dreams in [Read More...]
I’ve written before on this but a recent article in the Wall Street Journal (link below) makes clear that among the many frauds being targeted on boomers is the use of bogus investments in ‘Self-Directed IRAs’. Boomers should also beware ‘ponzi schemes’ (yes, they’re still out there – how do people continue to pull these [Read More...]
I spend a good amount of time trying to figure out when, where and why all of this backlash towards Social Security began. During these times, I think of family members who counted on Social Security after their Dad had passed away and it helped them to weather the financial storms and allowed them to [Read More...]
It’s your 65th birthday. Congratulations. First of all have as much fun as you can. Do something wild and crazy, something spontaneous. And then read this checklist from caring.com on what else you need to do since you’ve turned 65. Would love comments and your thoughts on this.
This was the line in this article that immediately caught my attention : “Nearly three out of five middle-class retirees will likely run out of money if they maintain their preretirement lifestyles and don’t reduce spending by at least 24 percent, according to a 2008 study by Ernst & Young.” With Americans not saving enough [Read More...]
There’s a center for Retirement Research at Boston College. The findings from the research conducted there are very interesting and are included on their website. One of the interesting parts of their research is their “Retirement Risk Index”. As stated on the website: “The National Retirement Risk Index (NRRI) measures the percentage of working-age households [Read More...]
Let’s be clear on a couple of things: Washington is dysfunctional, irresponsible and seems less interested in keeping America great and more interested in the next election. Whatever the result of the debt crisis, we’ll be wounded in the financial markets and in the respect of the world. Okay, with that being said, it also [Read More...]
