My Retirement Blog

My Retirement Blog

  • Don’t Ever Take Cold Calls

    In our current economic climate, it’s easy to take a call from an unknown broker offering some hot stock tip. They’ll sometimes say “check out company XYZ, they’re about to be acquired or announce some hot news that will make the stock triple!” Of course, you could always buy the stock on your own but…

  • 60% of Middle Class Retirees Will Outlive Savings

    A recent study by the Americans for Secure Retirement foudn that 3 out of 5 middle-class Americans will outlive their retirement savings because they will fail to reduce their expenses in retirement. It’s a scary study but it makes sense, people think they will spend less in retirement but often don’t. You might pay less…

  • Retirees Delaying Social Security

    The Wall Street Journal reported on Wednesday that the number of retirees claiming Social Security at age 62, the earliest you can begin taking payments, is falling. For decades, data from the Social Security Administration have indicated that a fairly consistent share of workers — about 60% of women and about 52% of men —…

  • Introducing: Life-Cycle ETFs!

    It was only a matter of time before ETFs, or exchange traded funds, came in life-cycle flavors. Brokerages started offering life-cycle mutual funds, or target date and target retirement, a few years ago and they’ve become very popular options for folks who want a simple investment product that does all the work for them. No…

  • Write Your Will Right Now

    If you don’t have a Last Will and Testament, head over to ILRG Legal Forms Archive’s Estate Planning section and fill out one of their templates. I just went to their Last Will and Testament (Married Adult with No Children) template, chose my state, and filled one out. You’ll have to read the law regarding…

  • Avoid Life Settlements

    A life settlement is when a third party buys your life insurance policy. The payment for the life settlement is often more than the cash surrender value of the policy but less than the death benefit. It’s a good idea only if you would otherwise be surrendering the life insurance policy or would allow it…

  • Top 10 Golfer Retirement Spots

    I recently started playing golf, I have a huge blister on my right thumb from gripping it too hard, but I’m starting to get that itch. Golf is hard but it’s extremely rewarding and it’s easy to see why retirees would enjoy the sport, especially if you have plenty of time to practice and hone…

  • Don’t Gamble Your Safety Net

    If you’re like me, you recently saw your retirement accounts take a pretty sizable hit. In fact, since October of last year, the markets have been down 20%. 20% puts it into bear market territory and something that probably makes you shudder to think about it (I know I do). You might be tempted to…

  • Five 401(k) Mistakes

    No matter who takes a crack at 401(k) mistakes, they invariably come up with the same advice over and over again. That’s not to say it’s not worth reading, it definitely is, but it shows that the basics of how to take advantage of a 401(k) are easy and simply bear repeating. The latest 401(k)…

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