My Retirement Blog
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Working Retirees
The Bureau of Labor Statistics reports that employees aged 50 or over now make up 28% of the U.S. workforce and that, by 2016, that proportion will rise to 33.5%, or more than one in three. I was pretty amazed at those BLS statistics, that over a quarter of the U.S. workforce is over the…
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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…
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Copycat Portfolios Are Dangerous
A recent Yahoo Finance article about copycat investing discusses the dangers of copycat investing, that is, copying the investment portfolios of some successful investors like Warren Buffett. It lists asset diversity, investment horizons, institutional knowledge/research, and cost as the main reasons why copy someone else may be a bad idea. I personally think that asset…
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Class Action Lawsuit over Excessive Hidden 401K Fees
Laura Rowley wrote an article two weeks ago discussing a pending lawsuit in which employers allowed 401k plan admins and third party providers to charge “excessive, hidden fees” in their 401k offerings. Specifically, this was was a breach of their fiduciary duty under ERISA, the Employee REtirement Income Security Act. For some cases, the admins…
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Don’t Check Your Retirement Account Balance
This really only applies to people who are decades away from retirement. This week started off rough. Merill Lynch agreed to be purchased by Bank of America, Lehman brothers filed for bankruptcy protection, and AIG looked about fifteen minutes away from also filing for bankruptcy protection. On Monday, the Dow Jones Industrial Average fell over…
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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,…
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High Deductible Health Plan + Health Savings Account Plan
One of the biggest concerns for retirees is medical costs. As we live longer, the need for health insurance grows and the cost of that insurance will also increase. It’s simple math, older people are simply more expensive to insure. Since you’ll be living on a fixed income, the increasing costs of your insurance will…
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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…
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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…
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