It’s a good idea to know whether you are covered by a defined contribution retirement plan or by a defined benefit plan – the two most common retirement vehicles in the country. Financial experts recommend that all employees learn as much as possible about their retirement plans in order to make informed decisions about whether...
Senior Living and Retirement
Whether you’re planning for your retirement someday or you’re facing that transition in the immediate future, there’s a lot to think about regarding retirement savings, recreation, travel, downsizing, health and insurance issues and much more.
Most workers, no matter what job they have, eventually reach the point where they’re thinking about their age for retirement. Settling on an age for retirement isn’t an easy decision. The fact that folks are living longer lives needs to be taken into account, as do any potential health or financial hardships. When choosing the...
A reverse mortgage is a special type of mortgage that is becoming more and more popular among seniors. As with all types of loans, there are pros and cons to acquiring this type of supplemental income. Keep reading to learn the basics of a reverse mortgage so you can determine if it is a good...
All retirement calculators are not the same, according to a Society of Actuaries study, that points out that some of the differences in available retirement calculators could result in a less than accurate analysis. If the desired calculation is to determine if you have enough money to retire, there are a number of issues to...
Living on your own is the natural choice for many seniors who reach retirement age. However, there are a number of important issues to consider before making that choice. The issues run the gamut from finances, health to the available alternatives. Here are some pros and cons that go along with living on your own...
For some seniors, the best places in the world to retire are exotic locations that offer an international experience at a price that can’t be beat anywhere in America. So many Americans look to retire overseas that the experts at www.msnmoney.com, among others, have compiled a list of affordable places to retire around the world....
As people approach retirement age, an annuity is a common option to deal with a bulk amount of money from a 401K, IRA or other investment vehicle. The idea behind an annuity is to roll over retirement income without incurring tax liabilities at that time, and setting up a steady payment arrangement to take care...
Generally speaking, an IRA (individual retirement account) is a special, tax-deferred account that you set up and contribute to each year, so that the money will be available for distribution after your retirement. There are a number of different IRA types available: Traditional IRA A traditional IRA is available to participants under the age of...
Senior airfare is rapidly becoming a thing of the past, but fortunately most cruise lines are still offering discount cruises for folks over 50. With a little planning, some flexibility, and the right information, there’s no reason why you can’t take advantage of these exciting or relaxing discount cruises. How to Find Senior Discount Cruises...
There are a number of advantages to independent senior living that could cause a retiree to make the decision to move from their home or current living situation to a senior living complex. The decision of where to live in retirement is a difficult one for many senior citizens who feel comfortable in the house...