My Retirement Blog

Category: Retirement

  • Planning For Retirement Tend To Feel Better About Life

    According to a study by Northwestern Mutual and a health education company LLuminari, people who set financial goals, take steps towards achieving those goals, and those who spend within a budget find themselves happier, with a higher quality of life, and are optimistic. It’s a good thought for people who always think retirement is deferred…

  • 6 Affordable Waterfront Retirement Places

    Looking to retire on some waterfront without the ridiculous expense of waterfront? Well, Money did a great article recently on this very subject, picking out 6 choice spots where you can retire on the water without busting up the bank. Dunedin, Florida Just a few miles north of Clearwater and 20 miles west of Tampa,…

  • Retirement Party Joke

    The boss is finally old enough to retire from the company. On his last day of work, he ordered a farewell party for himself. The boss wanted everyone to express their good feeling about him by writing on the farewell card, so later he could remember how his staff “miss” him. Most people are writing…

  • Retirement Red Zone

    The Retirement Red Zone is a name that Prudential gives the five years before and after retirement. Red Zone is a term generally reserved for the twenty yards before the end zone in American football and it’s an appropriate term. In both football and retirement, mistakes in the red zone are magnified. Make a mistake…

  • Four Reasons Couples Should Stagger Retirement

    An important question you should ask yourself, as a couple nears retirement, is whether they should stagger retirement. It’s a topic that is worth exploring with your loved ones because there are many financial and relationship issues that accompany retirement and those can be, in part, alleviated if you opt to stagger your retirements. An…

  • Roth IRA Conversion Could Trigger Tax Underpayment Penalty

    If you convert a Traditional IRA into a Roth IRA this year, remember that the balance you convert will be considered income and so you may be penalized for underpaying your taxes. There are several safe harbor conditions that would save you from the underpayment penalty (for example, if you did not owe taxes last…

  • Unconvert A Roth IRA Conversion

    Here’s a gem of a recommendation from Kiplinger: If you converted a Traditional IRA to a Roth IRA this year and lost value on your investments, you can undo the conversion and then reconvert to save on taxes. The process is called “recharacterization.” If you ask the IRA sponsor to recharacterize your conversion and put…

  • Three Gotchas In Retirement

    Marshall Loeb’s Daily Money Tip near the end of July was a list of three retirement gotchas you need to be aware of so they don’t catch you unawares when you retire. The first gotcha is an obvious one but the other two are less so. Underestimating Your Budget. This refers to underestimating how much…

  • SIPC Insurance Explained

    With the recent high profile bank “failures,” they’re really just liquidity crises that forced the FDIC and Fed to intervene, you might be wondering if your investments are safe. In a nutshell, your investments are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000. The coverage is such that you get what you…