7 Things to Keep in Mind if You Plan to Work in Retirement

According to a recent survey by the Transamerica Center for Retirement Studies, 57% of workers plan to work after they retire. Reasons cited for working after retirement include: To be active Wanting the income Keeping brain alert Have a sense of purpose Concern that Social Security will be less than expected Can’t afford to retire … Read more

One Key Retirement Planning Idea for Each Decade

Retirement planning doesn’t start when you’re 50 or older or if you’re within five years of retirement. Effective retirement planning needs to be done each decade. However, the tactic you use vary by age. 20’s Save early and save often. The magic of compounding interest is most powerful the younger you are. A dollar saved … Read more

3 Retirement Withdrawal Approaches

As a wise person once said, “If you think saving for retirement is hard, wait until you figure out how to take money out in retirement!” Yes, retirement withdrawal strategies are complicated and confusing for many reasons including: Tax issues Required Minimum Distribution (RMD) rules Social Security Un-known health care costs Potential for long term … Read more

10 Reasons Retirement is Scary and What to Do About It

If you’re within five years of retirement, you probably have sleepless nights worrying about what retirement means to you. It’s okay to admit it. My un-official research shows 99.9% of pre-retirees are worried about some aspect of retirement. My research also shows that 90% of pre-retirees don’t admit it. It’s socially un-acceptable to admit you’re … Read more