Retirement

14 September 2019, US, New York: The New York Public Library on Fifth Avenue. With over 55 million … [+] media, the library is one of the largest libraries in the world. Photo: Alexandra Schuler/dpa (Photo by Alexandra Schuler/picture alliance via Getty Images) dpa/picture alliance via Getty Images Say you’re retired in a suburban town.

Getty Imagine this: Your employer says not only can you work from home, you can work from anywhere in the world. Hmm… Maybe you’d move near your grown kids in another part of the country and work from there. Or maybe you’d relocate to a less expensive, warmer spot and cut your daily living costs.

This article is part of a series; click here to read Part 1. The fundamental risk for retirement is unknown longevity, which is summarized in the question, how long will your retirement plan need to generate income? It is the risk of running out of assets before running out of time. The length of retirement

Getty When a disappointed Clark Griswold received his “Jelly of the Month Club” bonus in the classic yuletide film Christmas Vacation, Cousin Eddie was quick to quip it was “the gift that keeps on giving.” Little did Clark know that Cousin Eddie was on to something—something too many parents (and grandparents) also overlook. When it

Entrepreneurs who work at H Street Greenhouse in Washington, D.C. Kerry Hannon Question: Are business co-working spaces for midlife entrepreneurs taking off? Answer: Not yet. But… stay tuned. Here’s why: In Washington, D.C., something called the H Street Greenhouse is developing a model boutique co-working space for midlife entrepreneurs that offers a tantalizing alternative to

Gov. J.B. Pritzker signs the state budget and legislation related to a graduated income tax in … [+] Illinois, during a bill signing Wednesday, June 5, 2019 at the Thompson Center in Chicago. (AP Photo/Amr Alfiky) ASSOCIATED PRESS Which matters more: Providing the necessary funding for the intellectually disabled to be able to access group

Senator Rand Paul (R-KY) has a new idea to address student debt—take from your retirement. (Photo By … [+] Bill Clark/CQ Roll Call) CQ-Roll Call, Inc via Getty Images Senator Rand Paul (R-KY) has a new idea to address student debt—take from your retirement. Earlier this week, Senator Paul introduced the Higher Education Loan Payment

An intensified focus on elder financial abuse by federal and state agencies is being seen as a potential cause for the tripling of reports from financial institutions of suspected cases over the past six years to the Financial Crimes Financial Network (FinCEN). FinCEN is the Treasury Department’s anti-domestic and anti-international terrorism financing unit. Monthly Suspicious

Getty It is important to understand from the very outset how changing risks are primarily what separate retirement income planning from traditional wealth management. Retirees have less capacity for risk, as they become more vulnerable to a reduced standard of living when risks manifest. Those entering retirement are crossing the threshold into an entirely foreign

Early retirement is truly the best of both worlds: lots of free time combined with enough youthful energy to enjoy it. But is it actually possible in this economic climate, with another recession possibly looming? That depends a lot on you. If early retirement sounds impossible, well, it might be if you continue with your

WASHINGTON, D.C. – APRIL 14: Attendees rally on the West Front of the U.S. Capitol building with … [+] Teamsters Union retirees who traveled from across the country to voice their opposition to deep cuts to their pension benefits on April 14, 2016, in Washington, D.C. Thousands are facing massive pension cuts because of a

null Getty Albert Einstein, iconic genius and one of the greatest minds of the last century, had one puzzle he found baffling: “The hardest thing in the world to understand is the income tax.”  If he found taxes enigmatic, it’s no surprise that the rest of us have difficulty following along. The end of the

Getty Traditional defined benefit (DB) plans make it easy for participants by specifying the monthly lifetime stream of income that retirees will receive. Unfortunately, as these pension-style programs become less-common, individuals increasingly rely on employer-sponsored defined contribution (DC) plans. This shifts the responsibility for making complex savings and investment decisions to workers and retirees. To

Getty How much do you need to save in order to retire? This is a very common question, and the answer sometimes gives people sticker shock. Fortunately, simply working a bit longer or taking a closer look at spending can make a very big difference. One rule heard often, for example, is that by 67

DERBYSHIRE, ENGLAND – NOVEMBER 25: Labour leader Jeremy Corbyn poses for a selfie with a WASPI … [+] (Women Against State Pension Inequality) campaigner in Renishaw on November 25, 2019 in Derbyshire, England. A day after Prime Minister Boris Johnson launched the Conservative manifesto, Jeremy Corbyn is expected to announce Labour’s housing policy. (Photo by

Getty Images We tend to think of buying a home as a mandatory part of the American dream. But despite the constant messaging telling us to buy, homeownership may be overrated. A lot of people who shop for homes would actually be better off renting.  We tend to overlook the historical factors that made homeownership

The dramatic changes in lifestyle that results from retirement put many at risk of depression. And the go-to solution for those suffering from depression and anxiety are anti-depressants. But have we become too reliant on these medications? Just focusing on those 60 and older, about one in five are using anti-depressants today, and they’re now

null Getty Today we’re going to dive into a corner of the market where 6%+ dividends are everywhere. What’s more, the funds behind these payouts have crushed the S&P 500 for decades—even during the financial crisis. I’ll also introduce you to a specific fund that’s throwing off a 6.7% payout every month, and should be

By M.E. Chidiac, Next Avenue Contributor Getty “Hello, this is Medicare calling. Your coverage is about to be cancelled.” This type of fraudulent call and others like it happen every day. According to AARP, Medicare fraud losses hit $60 billion in 2017 and continue to rise. And Medicare scammers seem to come out of the woodwork

Mixed messages coming from the stock and bond markets. Getty As we approach the end of the year and the decade, we have a significant divergence of opinion in the bond and stock markets about the economic conditions of the US and global economy. The bond market warning sirens had gone off earlier this year,