Retirement

Whether you're 25 or 55, you've likely come across countless articles talking about how to prepare for retirement. While the advice may be well-thought-out, and even helpful, it can be overwhelming.  You have to plan for a future you are...

The goal of retirement is to have enough money to live out the rest of your days comfortably. However, what happens if your spending outpaces your retirement income? Statistics are showing that having enough money to rely on for the...

Have you ever waited until the wee hours of the morning to study for an exam at the very last minute? Or you didn’t make a dentist appointment until you found out you had a cavity? We can all be...

Q. I am a 61, single parent, and can’t seem to come up with a strategy to get out of debt. Is it ok to take a loan from a pension fund?  Also, a debt solutions company advised me to...

Retirees on a fixed income often have a hard enough time making ends meet, often due to a lack of savings. Now a new survey suggests that many retirees – especially those relying on Social Security – are about to...

Let's face it,saving for retirement isn't easy. It may be even tougher when you're single. According to the 15th annual Transamerica Retirement Survey published last year, 45 percent of unmarried workers age 50 and older do not have a retirement...

Are you and your spouse ready for retirement? Even if you have saved an adequate amount in your nest-egg, there are additional issues that many couples overlook. Here are 3 of the more common retirement mistakes: - not being able...

Deciding when to claim Social Security benefits is one of the most important financial decisions you will make during your life. Over 66% of today’s recipients are totally or critically dependent on their Social Security benefits to maintain their quality...

How many years are you away from retirement? Regardless of whether retirement is just around the corner or a long way off, what matters most is the answer to this question: Have you saved or will you be able to...

Whether you’re thinking of retiring three years from now or 30 years into the future, it’s important to plan for a variety of “what if” scenarios that can greatly impact the timing of your retirement. We all know that the...

What’s the biggest threat to your future retirement security? If you guessed the disappearance of Social Security, getting downsized in the years before you’d planned to retire, or even losing a bundle in the stock market, you’d be wrong on...

Detroit has become such a complicated financial mess – with its pension problems and the city’s bankruptcy filing – that many people don’t fully understand the nuts and bolts of the situation. Even more important: a lot of Americans are wondering: Could...

In a previous column on planning for retirement, I explained the first 11 risks of 20 things that can ruin your retirement. That prior article highlighted a variety of investment risks, risks of outliving one’s resources, and risks associated with...

 Planning for retirement often takes a backseat to today’s concerns – whether it’s paying current bills, dealing with immediate family issues or just trying to keep up with the Joneses. That’s why numerous studies show that most Americans are ill...

Q: Hi Lynnette, I am 65, still gainfully employed; in great health but, heavily in debt with student loan debt and installment loans. I plan on working another three years. Would it make sense to apply for Social Security benefits...