To build wealth, most people think you need a Wall Street job, good luck or just being born into advantageous circumstances. Those things definitely help, but building wealth can happen by following a few best practices and habits consistently. And, you can even begin building wealth in your 50s. It is definitely not too late.…
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 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…
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…
In some ways, managing money in retirement gets a little easier than before. You only have the money you have, so your options are somewhat simpler and more limited. On the other hand, the rules of money management shift in retirement so it may seem more complicated to you. No matter whether you find it…
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…
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 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…
Suze Orman new book? Yep! She has been a source of reliable financial advice for 25 years. Her best-selling book You’ve Earned It, Don’t Lose It has sold over three million copies. The Suze Orman Show was a hit that ran on CNBC for 13 years. And, now it looks like she has another blockbuster…
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…
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…
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…
This deep dive into the concept of using an income floor to establish a three bucket plan for retirement income needs comes from Glen Nakamoto. First of all, just to make clear, I am not a financial advisor or anyone who has any background in financial planning. Before I retired, I was a cybersecurity analyst…
What’s the key to feeling great about your retirement in this time of turmoil? Explore new research and famous planning quotes for a fresh perspective.
In podcast episode 39, Steve Chen and Jillian Johnsrud discuss mini-retirements and passive income.
Uncertainty. Fear. Confusion. Your worries might seem unmanageable, but there’s a lot you can do to improve financial well being right now. Get started!
We boomers were never average. However, here are 10 exceptional tips for the transition to retirement that apply to us all. Read now…
Worry about the scarcity of time, money, food, etc… can be a problem in lots of situations – including retirement. Learn how to focus on what’s important!
Have you been laid off? Out of work? Considering retirement? Explore 9 tips for this uncertain time. Get through the short term and plan for the long term.
Here are 18 tips for planning your retirement future amid this health crisis. From evaluating your finances to staying sane and healthy, this is the guide.
Check out the latest changes to the NewRetirement Planner. We have made some major adjustments to tax treatment. Your future plans are now more reliable than ever.
Retirement brings a lot of changes – taxes included. Learn how to file, assess tax implications of relocating, get tips for withdrawals and more…
Click here for the best list of movies about retirement and aging. Updated 2019.
Personal finance, investments and much more. Find fiction and many books on achieving a meaningful, happy, healthy and successful retirement.
Are you in a tax friendly state for retirees? Explore the best states for taxes and review the income and sales tax rates in all 50 states.