Retirement

Using Life Insurance to Pay for Long-Term Care and Other Expenses Related to Aging   One of the things I especially like to highlight during Life Insurance Awareness month is the flexibility of life insurance policies. Too few people understand how many different ways a life insurance policy can be …

As a preretiree, you probably spend a lot of time thinking about retirement savings. Since this week is National Save for Retirement Week, I want to take a look at five things you may not know about retirement income and savings.   It’s never too late to start saving. Even …

You’re not the only person who has a vested interest in the success of your retirement plan. If you’ve got children, then it’s likely that they too are concerned that you’ll have enough saved to retire, live comfortably and pay for adequate medical care. The Many Reasons Kids Are Concerned …

Many seniors lament the lack of quality movie choices featuring protagonists in their 50s, 60s, 70s and 80s. And while that might be a true obstacle when looking for big Hollywood productions, it becomes less of a challenge when you look to documentaries. Here are three documentaries that feature seniors …

It may seem odd for us, The Retirement Institute, to write a post about alternatives to retirement. But we realize from studying industry-wide reports and surveys that not every senior wants to retire—and some simply don’t have the financial independence to do so. For those seniors who can’t or won’t …

Retirement isn’t always an easy phase to adjust to. Many seniors spend years just getting used to their changing bodies, lowered energy levels, waning savings balances and newfound freedom. After a lifetime of working, taking care of families, and physical independence, these are not easy adjustments to make. But no …

If you’re getting close to the age at which you originally thought you’d retire, you may be thinking that it’s time to re-evaluate that decision. Between market risks, low-interest rates and defaulting bonds, you might be scared that you simply haven’t saved enough to withstand decades of retirement and financial …

Before you make your plans official to retire in 2016, you might want to consider taking the following steps to ensure that you’re on the right path. 1. Begin living on your planned postretirement income now. Most of us plan to live on about 70 percent of our current income …

Not everyone plans to retire early—or at all. In fact 40 percent of the 50-or-older respondents of a 2015 Harris Poll said that they didn’t plan to ever retire. Of course, we all know what happens to the best-laid plans—they often go awry. That’s why you need to have some …

With all the various tasks and obligations stealing our time each day, it’s very easy to get into a rut when it comes to making annual retirement contributions. But it’s not a good idea to let this become a routine without periodic review—and here’s why: 1. Contribution limits change often. …