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Archive for the ‘Retirement’ Category

Several years ago I was asked to give a retirement seminar to my family at a reunion. This was a little strange for me because, as the second youngest of six children, I was not often asked to share my wisdom. It seemed to go pretty smoothly though and my family actually seemed interested in [...]

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As our baby boomer population starts contemplating the day they will leave the workplace, they begin to realize that there are a lot of decisions to be made regarding workplace and government provided benefits. Decisions regarding pension payouts may be mind-numbing – (a) single life, (b) joint life -100% benefit, (c) joint life – 50% [...]

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Have you ever considered football as a metaphor for life? Over life stages or quarters, players with different jobs and strengths work together, and share moments of pain and glory. Why? To triumph over adversity and “win”. To win at life or football takes gut-busting hard work at each stage of the game. But the pressure [...]

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Last week FPA and Kiplinger’s hosted a free advice national call-in for the public to speak with advisors about elder financial abuse, and resources for those who may have been abused.   Financial abuse doesn’t only happen to those that come across a Bernie Madoff or those that approach seniors from the financial world; it [...]

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The timing could not have been worse. The largest generation of retirees in our nation’s history is entering their retirement years during the worst economic downturn since the Great Depression. Not only have baby boomers witnessed their retirement accounts shrink by as much as 50% during 2008, they also have to deal with anemic yields on bonds [...]

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You’ve been contributing diligently to your 401(k), paying down debt, and are starting to wonder if there is something else you could be doing to maximize your investing for the long haul. Many individuals start to engage in the planning process once they reach a point where they are starting to save beyond the minimum [...]

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In my blog on July 12, 2011, “What The Federal Budget Dilemma Means to You”, I identified 5 things that you could do to deal with what your future retirement would be like. The second of those items dealt with what the future cost of health care would be in 20 years when we are ready [...]

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A Roth conversion is relatively simple. In essence, you agree to withdraw funds from your IRA today, pay the associated taxes, deposit those assets into your Roth IRA, and enjoy tax free growth and withdrawals going forward. There are, of course, numerous rules that complicate things a bit, but most people conceptually understand the process. [...]

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In an earlier blog, I wrote about the impact of the higher age at which social security benefits start (Full Retirement Age or FRA) based on the changes in the law enacted in 1983. The premise of that article was that the benefit was 19% lower because current retirees have an FRA of 67 versus [...]

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This past week I became aware of a website that allowed me to try to balance the federal budget. I decided I would see what this was all about and actually went through the challenge of doing this. You can participate as well by going to www.federalbudgetchallenge.org. I won’t bore you with the options I selected, [...]

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