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Retirement

How Do You Define Retirement?

For my parent’s generation, who worked diligently after World War II, defining “retirement” was easy. You simply stopped working altogether and devoted most of your time to leisure pursuits. Bolstered by fixed, defined-benefit pensions and Medicare, the “Greatest Generation” often had the luxury of leaving the workforce with a decent nest egg. But things have…

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Spending Bill Includes Seismic Retirement Changes, Curtails Stretch IRAs

GETTY The just-released, 1,773-page, $1.4 trillion 2020 spending bill means many Americans will be rewriting their retirement plans—if the budget gets signed into law before the holidays as expected.  It includes the SECURE Act—Setting Every Community Up for Retirement Enhancement Act of 2019—which passed in the House 417-3 in May but stalled in the Senate. Basically, the…

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Managing Inflation Risk in Retirement

Longer retirements mean inflation can put a serious dent in even the best-laid plans. You need an income strategy to help keep up with rising prices. Getty Images While there are many potential risks to consider when planning for retirement, one that is often overlooked is inflation. Most people factor in inflation when planning how…

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The 9 Types of People You’ll Meet in Retirement

Everyone’s experience in retirement is unique. But there are some characterizations we can draw from data collected in various surveys and studies of retirees. Put together they form the nine types of people you’ll encounter throughout your later years. Some offer attributes you may want to adopt, and others those you are best to avoid.…

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How Retirement Communities Work

BY AMY FONTINELLE Choosing a retirement community is a big decision. Your choice will affect your – or your loved one’s – finances, quality of life, and in many cases, health and longevity. Here’s an overview of the four main types of retirement communities, how they work, and their approximate cost. Independent Living Also called senior…

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4 Ways Technology Can Make You Happier

How to use the Internet and social media to support your happiness and health. Source: Pixabay These days, you can’t go anywhere without hearing about how technology is ruining everything, including our happiness. There is some truth to this, but it’s not the whole story. Technology can be bad for us—for example, when social media gives us FOMO (fear of missing…

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We bought a $1 house in Italy. Here’s what happened next

(CNN) — It seemed like a deal too good to be true. A new house — and potentially a whole new life — for sale in sunkissed rural Italy for the princely sum of just one euro, or little over a dollar. Over the past year or so, numerous small towns from Sicily in the south…

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How to Use the HSA, for Medical or Retirement Savings

Health savings accounts offer a unique triple tax advantage The health savings account, or HSA, can be a powerful savings tool—if you approach it the right way. These accounts, which Congress authorized in 2003, are more than just a simple savings tool for medical emergencies. Retirement planners laud the HSA’s triple tax advantage and its…

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