6 Useful Tips to Avoid Paying $280,000 Health Care Costs in Retirement

Have you considered health care costs as one of the major retirement expenses you should plan for now? If not, then make sure you’re ready to shell out a considerable chunk of money to cover healthcare and medical expenses. According to Fidelity Investment’s annual retiree health care cost estimate, a 65-year old couple retiring this… read more

This retirement for dummies guide will come in very handy during the last 10 years of your career, which is critical in shaping your life after retirement. Your future is in your hands and that’s why you need to focus on crafting the best retirement plan and implementing your strategies. It’s easier said than done… read more

    Some people start saving for retirement at 50, which is a tad late than other people. However, it’s better to start saving late than not having any savings for retirement at all. The thought of not having retirement savings is scary but what’s scarier is not doing anything to secure your future. According… read more

All of us want to achieve financial freedom but how come only a few people reach the zenith of financial independence?   Just thinking about being financially free is not enough. It should begin with a detailed plan and determination to commit to that plan. Americans lack these qualities today, the reason why only a… read more

Almost everyone is guilty of committing retirement planning mistakes that would hurt their chances of achieving financial security in retirement. There are myriad of reasons behind these common mistakes that retirees are guilty of doing. One is the unfamiliarity of people when it comes to planning for retirement. Another is stick to a strategy that… read more

Last Updated On:   One of the most overlooked factors when planning for retirement is helping elderly parents financially. Most often than not, people are too consumed to meet their goals by saving enough for their future to have a comfortable retirement that they forget to check on their aging parents. If your parents’ savings… read more

Money conversations between couples aren’t romantic but these should happen before retirement. Why? Couples fight about money and most often than not, one spouse’s spending becomes the root of the problem.   credit: www.time.com Retirement comes with challenges and most of them are deeply rooted in finances like mortgage, utilities, children’s education, debt, savings and… read more

Most Americans today are concerned about retirement particularly their retirement expenses. But unlike before Americans are more optimistic about retirement based on the New Generations Ahead Study by Allianz Life.   The study was conducted among 3,000 Americans – 1,000 baby boomers (52-70 years old), 1,000 Gen Xers (37-51 years old) and 1,000 millennials (20-36… read more

Here’s the one truth we can no longer avoid: Retirement is fast approaching for the youngest of the baby boomers, and yet many are still far from being ready for it. Yes, many are at a loss at how to handle these issues. After all, the retirement concerns baby boomers face seem too impossible to… read more

Delayed retirement is increasingly becoming popular among baby boomers, and it is primarily because of two reasons:   Longevity and the lack of retirement savings.   As many of you are aware of by now, turning 65 years old opens us to a great deal of uncertainty. Many are living longer lives than they initially… read more