Retirement Planning News, Information and Guidance

Taking a sabbatical leave

Taking a Sabbatical Leave: A Sneaky Way to Get an Early (Temporary) Retirement!

Early retirement is something most of us dream about.  But it is usually just that — a dream.  However, have you considered a sabbatical?  A sabbatical can be a meaningful and highly satisfying way to to get an early, albeit temporary, retirement. Sabbatical or Burnout? Sabbatical Meaning What Exactly? Sabbaticals, mini retirements and gap years…

pre retiree get ready to retire

5-10 Years from Retirement? Get Ahead With These 12 Tips!

On your marks, get set…. RETIRE!  If you are in your 50s or 60s, you are probably about 10 years from retirement (give or take) — maybe you are even 5 years from retirement. Regardless of the exact timing, you are about to step into the starting blocks and race for the retirement finish line….

SECURE Act

The SECURE Act: Will Retirement Get Easier?

The House of Representatives’ Setting Every Community Up for Retirement Enhancement (SECURE) Act and a similar bill in the Senate, the Retirement Enhancement and Savings Act (RESA) are bills backed by both Republicans and Democrats (gasp!) that aspire to improve retirement and retirement planning for Americans. The Secure Act was approved by the House of…

Podcast: Jim McCarthy — A Simple Guide to Happiness

Episode 27 of the NewRetirement podcast is an interview with Jim McCarthy who’s a TEDx speaker, Stanford MBA and best-selling author. Jim had a complete life reset after getting a cancer diagnosis and we discuss his story, best practices from his new book Live Each Day and what’s next. Listen Now: Don’t miss out on…

worried about retirement

Worried About Retirement? Try Changing Your Perspective

Your attitude toward anything in life is all based on perspective.  If you are worried about retirement, maybe you just need to change your approach.Albert Einstein is credited with this saying that shows how a flipped perspective can change how you think: “Everybody is a genius. But if you judge a fish by its ability…

retire like an adult

How to Retire Like an Adult: A 10 Point Checklist

If you are in your 50s or 60s, you are probably hoping to find the fountain of youth. However, when you plan your golden years it is best to retire like an adult. Retiring like an adult gives you the financial freedom to pursue the life you want — even if that means doing things…

how much money do i need

What Happens if I Really Do Run Out of Money in Retirement?

If you are worried about running out of money in retirement, you are not alone.  Running out of money is the main concern of most people in or approaching retirement. And, there is VERY good reason to be concerned — VERY concerned. Most of us do not have enough money for retirement. Let’s explore this…

Are You Saving Too Much for Retirement? (It’s More Common than You Might Think)

We hear a lot of horror stories these days about people saving too little, but the fact is that some people are actually saving too much for retirement.

retirement advice

Great Retirement Advice from the Best Graduation Speeches

Graduation and retirement are arguably the two biggest life transitions anyone will ever experience.  With both rites of passage, everything about your daily experience changes in the short term and your goals for the future become more far sighted and poignant. Therefore, we wondered if perhaps retirees had anything to learn from the wisdom of…

life insurance for retirement

Do You Need Life Insurance in Retirement?

A frequent question among those nearing and in retirement is: Do I need life insurance for retirement? The answer, like most financial planning related questions, is that it depends.  When you are working, the purpose of life insurance is usually to replace your income or pay off large debts in order to help provide for…

Early Retirement

Early Retirement: 37 Tips, Tricks & Hacks for Reaching your Goal

Early retirement is a dream for many Americans, but one that few are sure they’ll be able to reach. About half of Americans retire early — between the ages of 61 and 65. That’s a full five to six years before full retirement age as defined by the Social Security Administration. Eighteen percent of Americans…

Podcast: Todd Tresidder — The Leverage Equation — Maximize Your Money & Time

Episode 26 of the NewRetirement podcast is an interview with Todd Tresidder who is an author, former hedge fund manager and founder of FinancialMentor through which he provides tools, courses and coaching. We discuss his new book The Leverage Equation and ideas about how to lever up your time, money, technology, network and experience. Listen…

best retirement

Do You Even Have What it Takes? 8 Skills You Need for a Fantastically Happy Best Retirement

Here is some good news: you don’t necessarily need $1 million dollars for a successful retirement. So, what you do need? We did a little digging and here are 8 important skills that will enable you to achieve financial security, health and the best retirement possible. Find out if you have the skills… to pay…

Podcast: Mark Miller — Key Considerations as You Approach Retirement

Episode 25 of the NewRetirement podcast is an interview with Mark Miller, a long time journalist, editor and founder of Retirement Revised. Mark is the former editor of the Sunday edition of the Chicago Sun Times and he’s a nationally-recognized expert on trends in retirement and aging. We cover some of the key considerations people…

retire at 62

10 Reasons Why You Should Actually Retire at 62 (If You Can)

Early retirement — retiring at 62 or before — seems like a wonderful dream to a lot of people. You’ve been in the workforce for decades. You have focused on work with the goal of enjoying the rest of your life on your own terms. But is it too early to get out of the…

120 Big Ideas for What to Do in Retirement

You’ve probably spent at least a little time thinking about what to do in retirement. How will you fill your days? Where will you go? What will you do? With whom will you spend time?In retirement, you likely have more options for how to spend your time than ever before. And, you certainly don’t have…

HELOC vs HECM

Taxes After Retirement: 17 Tips for Keeping More of Your Own Money

When it comes to your retirement planning, saving, investing and plotting how to spend your free time are at the top of the list. How much you will have to pay in taxes after retirement may be the last thing on your mind. But not taking the time to look at how retirement taxes will…

state taxes

Retirement Taxes: Which Are the Most Tax Friendly States for Retirees?

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…

economic indicator

Economic Indicators: Be Aware, But Why You Don’t Necessarily Need to Care

An economic indicator is information that can suggest what is going on in the economy — is the economy healthy, growing or headed for trouble? Sounds useful, right? Well… maybe… Let’s explore the pros and cons of following economic indicators. Be Aware: The Upsides of Knowing About and Following Economic Indicators Being aware of what is happening…

Podcast: Jonathan Mendonsa — Past, Present, & Future of Financial Independence

Episode 24 of the NewRetirement podcast is an interview with Jonathan Mendonsa where we cover the past, present, and future of the Financial Independence & FIRE movement. We discuss Jonathan’s personal journey to FIRE and some of the big lessons he has learned on his own and with the rapidly growing ChooseFI community. He joined…

keep calm and retire

Retirement Crisis? Maybe it’s Time to Just Keep Calm and Retire On

Is the Queen right? Is it time to Keep Calm…. and Retire On? Well, considering that the Queen is 92 years old and still working, it is probably not her motto.  But, maybe it should be yours! Many of us are terrified of jumping into retirement. We read about the retirement crisis and worry about…

retirement income 2018

Average Retirement Income 2019: How Do You Compare?

As more and more baby boomers head into retirement, there is a growing conversation about how to generate adequate retirement income from retirement assets. Even with some good economic news, many of us are going to come up short. Retirement income doesn’t grow on trees… But you can make it grow! According to the most…

movies about retirement and aging

Making Sense of Retirement — 74 Great Movies About Retirement and Aging — Updated List 2019!

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…

how to retire well

How to Retire: 19 Things You Need to Do Just Before and After You Retire

Retirement is one of the biggest things you will ever do. And, how to retire well is the big question. If you want to know how to retire, here are 19 important things you should do just before and after you retire for a happy and secure future: 1. Create, Maintain and Evolve Your Retirement…

Podcast: Michela Abrams — Planning for the Unexpected

Episode 23 of the NewRetirement podcast is an interview with Michela Abrams, the former CEO of Dwell Magazine. They discuss dealing with sudden life changes, planning for the unexpected, design and re-invention. Michela lives here in Mill Valley California and joined us live in studio. We cover her evolution as a silicon valley executive to…