New workforce realities, demographic shifts and changes
in retirement financing stand to fundamentally transform how we will experience later life — in ways that are both positive and negative.
«There is no crisis,» Ambachtsheer, one of Canada's leading independent authorities
on retirement finance, says flatly.
Millennials (born 1980 - 2000): Ask anybody who is retired for advice on saving (or, for that matter, ask anybody who is 10 years from retirement with woefully underfunded investment accounts) and the answer will be almost unanimous: Think about and save
for retirement finances as early as possible!
Downsizing, mortgage refinancing and reverse mortgages are all strategies for optimizing your housing for
better retirement finances.
Below are some
salient retirement finance insights from Ray LeVitre, CFP, author of «20 Retirement Decisions You Need to Make Right Now» and Founder / Managing Partner at Net Worth Advisory Group.
If you'd like to assess your
personal retirement finances in more detail, Blueprint Income has developed an Advice Tool where we'll help you project your retirement spending and analyze your preparedness.
he NCLC report is a disservice to the cause of a balanced civic discussion on how to make reverse mortgages and the reverse mortgage industry stronger for baby boomers» (and for America's) financial health in an era of
uncertain retirement finance.
Waiting longer to plan for long - term care expenses can be devastating to
retirement finances, notes the U.S. Department of Health and Human Services.
Use a retirement calculator to see how your debt will impact
your retirement finances.
Since retiring in 2005, he has researched and published papers on
retirement finance, spoken at retirement industry conferences and events, and regularly posted on retirement finance issues at his blog, The Retirement Cafe.
Having to save for and manage
your retirement finances is somewhat of a new phenomenon.
With a ForeCare fixed annuity, you can help fortify
your retirement finances against the unexpected.
With ForeCare fixed annuity, you can help fortify
your retirement finances against the unexpected.
More from Personal Finance:
Your retirement finances might not be as bad as you think, survey finds How the timing of your Social Security check impacts your financial health Saving in an IRA has its rewards — and risks — for these high - income earners
If you are interested in keeping your monthly expenses low or have a fixed income, this kind of advantage in a loan may provide just what you need to build up
your retirement finances.
It may also provide a way for those with limited income to better manage
their retirement finances by allowing them to use accumulated equity to cover living expenses.
But that's a possibility better explored after you stabilize
your retirement finances.
How much your home can help
your retirement finances will depend on a very important question:
With these plans, such as 401 (k) s, you, the employee, take on the burden of
your retirement finances.
If you've already retired, what investment tips would you offer to those just planning
their retirement finances?
Reverse Mortgages are designed to help older homeowners manage
their retirement finances by allowing borrowers to convert a portion of their home equity into liquid assets.
A defined contribution pension, effectively an RRSP, from a former job adds to her financial security and as well, to the complexity of
her retirement finances.
However, there are some important distinctions between these two accounts that could have important implications for
your retirement finances.
By opening an IRA earlier rather than later, you'll be that much closer to securing
your retirement finances.
Fiona Heald, Head of the Court of Protection team at Moore Blatch solicitors, comments; «While we would argue that most people should have the security of a Lasting Power of Attorney in place, we would expect virtually everyone who has chosen to manage
their retirement finances personally to have one.
Of course, crunching some numbers in true do - it - yourself fashion is another way to take charge of
your retirement finances.
(TNS)-- You might think the people you hired to help arrange
your retirement finances have to put your best interests first.
If you are interested in keeping your monthly expenses low or have a fixed income, this kind of advantage in a loan may provide just what you need to build up
your retirement finances.
How much your home can help
your retirement finances will depend on a very important question: