Category: Retirement Planning

behavioral finance

Behavioral Finance: 16 Ways to Outsmart Your Brain for More Wealth and a Better Retirement

Your brain is not necessarily set up in a way that makes it easy to plan a secure retirement. You have cognitive biases — faulty ways of thinking that are unfortunately hardwired into your brain — that work against you.  Behavioral finance and behavioral economics are the study of these phenomena. Understanding behavioral finance and…

life expectancy by county

Life Expectancy by County: WHERE You Live May Suggest HOW LONG You Live

Life expectancy has mostly been rising in the United States — overall. However, recent research has found that there are significant differences in life expectancy by county. In fact, in many counties, the average life expectancy is 20 years — TWENTY years — shorter than in other areas.The good news is that some areas of…

overlooked retirement costs

8 Retirement Costs Overlooked by a Majority of Americans

Key retirement costs are being overlooked by the clear majority of Americans. (Probably not you though, especially if you are a NewRetirement Planner subscriber, but, keep reading to make sure.) According to a 2020 survey by the Employee Benefit Research Institute (EBRI), fewer than 4 in 10 Americans “have planned for emergency expenses or calculated…

orchid or dandelion

When It Comes to Retirement, Are You an Orchid or a Dandelion?

Dr. Thomas Boyce is a pediatrician and Distinguished Professor Emeritus in the Departments of Pediatrics and Psychiatry at the University of California, San Francisco. His best-selling book The Orchid and the Dandelion summarizes two types of individuals: dandelions (hardy and propagating) and orchids (requires extraordinary care, but are intricately beautiful). What type you are may…

recession proof

We’re in a Recession, but Don’t Worry — You Can Recession-Proof Your Retirement

It’s official. According to the National Bureau of Economic Research (NBER), the U.S. economy officially entered a recession in February of 2020. First, the Bad News The bad news is, the most optimistic economic scenarios of a V-shaped recovery probably won’t come to pass. Experts like Harvard’s Kenneth Rogoff have recently cast doubt on the…

wealth inequality

Wealth Inequality: We Are All Affected, But Black Households in Particular

Wealth inequality is real. The disparity effects most of us. However, the black-white wealth gap is staggering. What is Wealth Inequality? Wealth inequality is the gap in net worth — your assets minus liabilities — between the wealthy and the poor. The differences in wealth between the rich and poor in the United States are…

retirement surprises

Retirement Surprises: What I Wish I Knew About Retirement BEFORE I Retired

Last year, the Society of Actuaries (SOA) updated their 2017 Risks and Process of Retirement Survey, providing insights on how Americans decide to retire and manage resources in retirement.The study revealed that for most people, retirement is full of surprises.  Most retirees’ experience a life different in many ways from what they originally planned. Here…

Podcast: Kevin Hanney — The Past, Present and Future of Pensions

Episode 40 of the NewRetirement podcast is an interview with Kevin Hanney about the evolution of pensions and the future of employer sponsored retirement & lifetime income solutions. Kevin is the Senior Director of Pension Investments at Raytheon Technologies (formed by the merger of United Technologies and Raytheon) where he helps oversee about $100B retirement…

checklist for retirement planning

Checklist For Retirement Planning: Create and Maintain a Plan You Can Feel Great About

  Despite what many quick retirement calculators lead you to believe, retirement planning is an ongoing process and not something you can do in 5 minutes. Here we break down the steps for creating a plan. Use this checklist for retirement planning if you want to feel great about your financial future.Whether your are fabulously…