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Americans are so busy that they often have a hard time balancing demands for work and their personal lives. In fact, participants in a recent survey reported having only an average of 26 minutes of free time each week.1 Where does the time go? The Bureau of Labor Statistics reports…
Many people assume that they will contribute to their 401(k) for decades, carry it into retirement, and begin distributions. And for some, that works out just fine. But as with anything else in life, you want to make that decision with full knowledge of the other options available to you,…
Your grandparents might have worked for the same company for thirty years, and then retired with a comfortable pension or retirement savings. Today, those situations are rare. Not only are pensions rare, with the burden of retirement preparations falling more on workers’ shoulders; most of us tend to change employers…
When you’re planning for retirement, most people are typically looking at three forms of income. After all, we want you to be stable, so that you can really enjoy your retirement. Those forms of income are: Social Security. This, of course, is the federal program into which you have paid…
Pension plans are becoming less common these days, but you can still create your own guaranteed income for life. When you hear that phrase, “guaranteed income for life”, you might wonder what it actually means. Simply put, it means that you can create your own pension plan using your own…
I understand the importance of long term care insurance all too well. Unfortunately, my own father was diagnosed with Alzheimer’s at age 59, and he had to stop working earlier than planned. Eventually, he needed more intensive nursing care than my mom, my siblings, and I could provide. And so,…
Many of us can’t wait to retire, and relax to enjoy the fruits of our labor. In other cases, some of us will need to retire a bit earlier than planned, due to unforeseen circumstances. In either case, you probably know that you can claim Social Security benefits as early…