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Retirement

Retirement

The Snowball Effect

Save and invest, year after year, to put the full power of compounding on your side. Have you been saving for retirement for a decade or more? In the foreseeable future, something terrific is likely to happen with your…

Retirement

What Women Shouldn’t Retire Without

A practical financial checklist for the future. When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration estimates that today’s average 65-year-old female…

Retirement

Retirement Planning Weak Spots

They are all too common. Many households think they are planning carefully for retirement. In many cases, they are not. Weak spots in their retirement planning and saving may go unnoticed. Couples should recognize that they may face major…

Retirement

Catching Up on Retirement Saving

If you are starting at or near 50, consider these ideas. Do you fear you are saving for retirement too late? Plan to address that anxiety with some positive financial moves. If you have little saved for retirement at…

Retirement

Will Debt Spoil Too Many Retirements?

What pre-retirees owe could compromise their future quality of life. The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another…

Retirement

A Retirement Gender Gap

Why a middle-woman may end up less ready to retire than a middle-class man. What is the retirement outlook for the average fifty-something working woman? As a generalization, less sunny than that of a man in her age group.…

Retirement

How Retirement Spending Changes With Time

Once away from work, your cost of living may rise before it falls. New retirees sometimes worry that they are spending too much, too soon. Should they scale back? Are they at risk of outliving their money? This concern…

Retirement

Why You Want a Retirement Plan in Writing

Setting a strategy down may help you define just what you need to know. Many people save and invest vaguely for the future. They know they need to accumulate money for retirement, but when it comes to how much…