Based on over 40 years of experience, these are guidelines that a retirement expert uses for his own planning. Some key takeaways:
While many older Americans look forward to their retirement years with great anticipation, a substantial subset of the aging population is struggling to prepare for retirement and is deeply concerned about the financial realities of this later stage of life, according to a new study conducted by The Associated Press-NORC Center for Public Affairs Research.
Many people wind up retiring earlier than they planned, due to health or job reasons. Here's how to prepare your finances for that possibility.
Fidelity’s latest research reveals many Americans are behind on retirement preparedness, with 55 percent in fair or poor condition. The report also provides a list of six ways to accelerate savings to catch up and be better prepared.
It seems like another life. At the height of his corporate career, Tom Palome was pulling in a salary in the low six-figures and flying first class on business trips to Europe. Today, the 77-year-old former vice president of marketing for Oral-B juggles two part-time jobs: one as a $10-an-hour food demonstrator at Sam’s Club, the other flipping burgers and serving drinks at a golf club grill for slightly more than minimum wage.
Retirement today is not the same as it was for our parent’s generation. The generation today does not want to fade away into woodwork. They want to live a full life after retirement. They want to maintain an active lifestyle and not be dependent on their children. Hence retirement planning takes on a very important role...
The label 'retired' no longer reflects the busy, happy people who find fulfillment after work.
