The current economic reality is somewhat dire and the projections can seem scary. A lot of people have been and will be laid off due to coronavirus. Should this mean an early retirement for you? For most, being out of work right now is probably just a temporary situation. However, you may be using this…
I don’t think you need me to tell you. Life is different today than it was a few weeks ago. Now is not the time to be complacent nor is it time to panic. Now IS a good time to be calm and plan, prepare and strategize — for what might happen in the next…
While lots might need updating in your retirement plan right now, a few big updates have been done behind the scenes to make your projections more accurate than ever. The NewRetirement team has added additional tax modeling rules as well as some other enhancements that change your data. Review the updates below and log in…
Not even retirement taxes are completely certain right now. The Federal tax payment deadline has been moved to July 15. And, it was just announced that taxpayers can also wait to file returns. Treasury Secretary Steven Mnuchin tweeted, “all taxpayers and businesses will have this additional time to file and make payments without interest or…
Movies – like all art forms – can be a great way to explore important themes in your life. Here is our list of movies related to retirement and aging. While you should probably do more to prepare for retirement than watching movies — use a retirement calculator or consult a financial advisor for example…
There is a lot to retirement — making your money last as well as being happy, healthy and fulfilled. Here are a wide variety of books in 6 different categories about retirement and aging. This is not just about personal finance and investing. Find contemporary fiction titles and many books on finding meaning in life…
Looking for a great place to retire? Or, wondering if the state where you live is too expensive? Property values, cost of living and lifestyle issues are all important considerations when figuring out where to live. However, don’t forget to think about state taxes. Some states are more tax friendly for retirement than others. Explore…
All of us can do better when it comes to personal finance. Here are some relatively easy fixes for 21 common retirement mistakes that are probably hurting your lifestyle now and will have a negative impact well into your future. Most of these problems are shared by at least 50% of all Americans. You are…
Your longevity is one of the most significant unknowable factors that determine how much you need for retirement, how much you can spend, how much time you have to do the things you want to do and more. Estimating your longevity using one of the best life expectancy calculators can be a good way to improve…
We’ve spent our whole lives working, spending the money we earn and hopefully saving a little too. When we retire, everything we have ever experienced about managing our own finances gets turned upside down. We no longer earn as much or any money from work. We have to figure out how to make do with…
So much of life is determined by your mindset. How you think about things can result in how things are and will be. Recent research from Wells Fargo has found that “planning is actually everything.” And, particularly true if you want to feel great about your financial future. Planning Mindset: They Key to a Happy…
There are all kinds of things we say we want to do, but very often we don’t get them done. For example, maybe you want to exercise more, read “War and Peace,” or develop an adequate plan for a secure financial future… but are you actually succeeding? Apparently, it is not enough to want to…
Retirement financial literacy is low. Most of us do not know very much about the fundamentals of how personal finance works. Just look at the average retirement income and you will realize that most people are unprepared and unaware of what is needed for a secure retirement. However, a survey suggests that financial literacy is…
Did you know that a truly comprehensive retirement calculator can do A LOT more than answer the questions most of us know to ask: When can I retire? How much do I need to retire? Am I likely to run out of money? There is so much more to retirement planning than just having enough…
The NewRetirement team is always scrambling to add new and useful functionality to the NewRetirement Planner. This week we are introducing additional withdrawal strategies, better handling of capital gains on after-tax accounts, and faster, more detailed Inspector charting. Log in now to start using it or learn more below. Withdrawal Strategies You can now choose…
How are you going to pay for retirement? How is everyone else doing it? What is the average retirement income 2020? Are you anywhere close to average? Although the economy has been booming, many of us are going to come up short for retirement income — even if you can optimize your assets to turn…
Retirement is a big deal. It is a major life transition and just like you didn’t want to choose the wrong college, marry the wrong partner, take the wrong job, or have too many kids, you want a retirement without regret! Here are a few tips to make sure you are happy and satisfied with…
Episode 35 of the NewRetirement podcast is an interview with Larry Swedroe — director of research for Buckingham Strategic Wealth. They discuss his new book, Your Complete Guide to a Successful & Secure Retirement, and what he’s learned helping people plan for their future over his 20+ year career in financial services and wealth management.…
The SECURE Act — formally known as the “Setting Every Community Up for Retirement Enhancement” Act — is designed to help people better use retirement savings and save more. However, it also has some big tax implications related to leaving behind an estate. It is important that you are aware of these changes and you…
If you want to have a good retirement, you need to figure out what that means to you. Do some life planning for retirement, set goals and use these retirement tips to create a plan that allows you to achieve exactly what you want. What do most of us want? It is usually pretty simple,…
Episode 34 of the NewRetirement podcast is an interview with Scott Rieckens — two-time Emmy-nominated filmmaker and F.I.R.E. (Financial Independence, Retire Early) enthusiast. Steve and Scott discuss Riecken’s new documentary: Playing with FIRE. Scott and his family have made huge changes in their lives in order to get on track for FIRE. This is their…
What you do in retirement can sometimes be surprising. What follows are some important, wild or wacky recent retirement stories meant to inform and inspire you. Purpose Can Be Found in Odd (Though Heartwarming) Endeavors In 2016, at over the age of 100, Alfred Date was Australia’s oldest living man. He found his purpose in…
Feeling frazzled by holiday fanfare? Do you also have nagging worries about your retirement plans? One of the best ways to control stress of any kind is to make a list and check it twice. And we have done that for you. Here is a handy yearly retirement checklist — 15 things you should do…
Here is the most recent round up of retirement related stories from around the internet: the latest wild, wacky, profound, exciting or heartwarming news about retirement and aging. In 10 Years Will Your Home Be Worth What It Is Now? A recent article in the Wall Street Journal reported that by 2037, one quarter of…
Episode 33 of the NewRetirement podcast is an interview with Rob Berger — author of Retire Before Mom and Dad: The Simple Numbers Behind A Lifetime of Financial Freedom — and discusses key aspects of retirement finance, especially fee ratios and financial literacy. Rob Berger is a lawyer by trade and personal finance expert who…