Retirement

Ready, Set, Retire: Holistic Money Management

Taking a holistic view of your finances as you enter retirement is an ongoing process. Managing your wealth involves careful consideration and planning of debt management, investing strategy and making your portfolio last. Greg McBride of Bankrate.com provides some money management guidance.

Retirement

Ready, Set, Retire: Boost Your Savings

The biggest threat retirees face is outliving their nest egg. While boosting your contributions and supplementing your retirement income are two great ways to avoid running out of money, it’s also important to manage account fees and investment risk. Greg McBride of Bankrate.com explains the small tweaks needed to maximize your retirement income.

Retirement

How Studebaker Shaped the IRA

2015 marks the 40th birthday of the Individual Retirement Account (IRA). Born under the Employee Retirement Income Security Act (ERISA) of 1974, Congress introduced this new type of retirement plan in response to private pension breakdowns – most notably that of car manufacturer Studebaker-Packard. In 1963, Studebaker-Packard filed for bankruptcy and couldn’t afford to pay […]

Retirement

Retirement: Forget What’s My Number! What’s My Income?

If you’ve noticed lately, the thinking around retirement has moved away from ‘what’s my number?’ to ‘what do I get from that number?’ The realities of retirement have been changing over the last decade.  Fewer retirees can depend upon pensions and the income that they provide.  Social security considerations for inflation have nearly vanished.  A […]

Retirement

A Happy Retirement is a Healthy Retirement

There’s nothing more important than good health. In fact, 81% of retirees say that health is the number one ingredient in a happy retirement, according to a recent study conducted by Merrill Lynch in collaboration with consulting and research firm Age Wave. Retirement is a life-long process – the daily choices you make before and […]

Retirement

New IRA Rollover Rule in 2015

Earlier this year, the IRS issued clarification limiting how you can shift your IRA money around. Beginning in 2015, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own. However, taxpayers can still make unlimited trustee-to-trustee transfers because […]

Retirement

Ready, Set, Retire: Retiring as a Couple

Retirement can oftentimes change the dynamic of a relationship. Couples who are transitioning into retirement can prepare for this new life stage by considering the various opportunities and challenges that come with it. Kevin McCormally of Kiplinger explains more about the importance of communication before and during retirement.

Retirement

Ready, Set, Retire: Relocate or Stay Put?

Many retirees’ wrestle with the decision on where to live. While it may seem exciting to move to a new place in retirement that has more leisure activities, a lower cost of living or just nicer weather – many people choose to retire “in place” where their family and community is already established. So, how […]

Retirement

Behind the Scenes with Kiplinger: Phasing Into Retirement

Retirement was once viewed as a destination — a fixed period to rest and relax after years of hard work. However, retirement is now more fluid with many approaching retirees shunning a hard stop in their careers and taking a more gradual approach. In this episode of Behind the Scenes with Kiplinger, brought to you […]

Retirement

What We Learned: Pursuing Your Passions in Retirement

Our November #AllyBRChat, Pursuing Your Passions in Retirement, with Bankrate.com was an inspiring conversation! So, what did we learn? For starters, we heard that retirement is a time to pursue passions, explore untapped interests, and take risks that you may not have previously had time for! Tuesday’s chat participants were excited about the opportunity to explore new […]