Retirement Planning

One of the most difficult challenges of transitioning to retirement from the working world is a complete change in mindset with regards to an investment portfolio. You go from being a saver to a spender. There’s no future income or nearly as much time to soften the blow from bear markets. Growth is still necessary but you have to be cognizant of the fact that you’ll need to protect some of your assets for spending purposes. Here's an interesting case study in how to approach this change in mindset.

With spiraling costs compelling more and more North Americans to retire overseas, retiring abroad has never been more attractive. That being said, finding the right location among the myriad options available can be daunting, and that’s what our Annual Global Retirement Index does. Below is a list of the 10 best bang-for-your buck retirement destinations on the planet.

A common question investors ask is whether they should contribute to their traditional 401k, Roth 401k or both? To determine which account is most desirable you must first know certain characteristics of each account and this article does just that.

With markets so calm, it’s easy to become complacent about the corrosive effects that volatility can have on long-term investment success. If you don’t need the money for a long time, you can ride out the inevitable market squalls but if you’re close to or already drawing from those funds, volatility can be costly...Let me explain further.

The pension nightmare that is at the heart of the horrific financial crisis in Detroit is just the tip of the iceberg of the coming retirement crisis that will shake America to the core. As a society, we have made trillions of dollars of financial promises to the Baby Boomers, and there is no way that we are going to be able to keep those promises. The money simply is not there.

Rising costs in the U.S. are driving more people to consider retirement in less expensive locales and the list of potential resting spots is long and varied. International Living compiles annual lists on the best places to retire based on things like cost of living, ease of entry, healthcare, insurance and access to amenities. [Below are their top 10.] Words: 950

Moving abroad may seem far-fetched, but it’s worthwhile to at least consider it as an option in your financial journey. A foreign country with a low cost of living could save you money while also providing fascinating cultural experiences and adventures...Let’s take a look at some of the differences in income and spending around the world.

Paying off the mortgage early is an idea with obvious appeal, but not one that many middle-class home "owners" pursue. If your interest rate is so good that the bank just made a bad bet in giving you that low rate, you might want to continue enjoying the benefits as long as possible. In many other circumstances, however, paying off the mortgage can be a fine money management move indeed. [Below are 10 sound reasons to do so.] Words: 1588

Rich means you live comfortably according to your personal standards. If you’ve lived a middle-class lifestyle, a rich retirement means you can maintain that same lifestyle without worry and without having to work if you don’t want to. Below is some straight talk on how to make a rich retirement your reality.

Math class seemed pointless back in the day, but it turns out all those confusing equations are quite useful....We've rounded up 11 math equations that can be used every single day. Write them down, whip out your pencil, and prepare to budget like a genius.