Retirement Planning

…Living on a fixed income doesn’t necessarily relegate you to a life of scrimping and penny-pinching. Many retirees live on a fixed income of some kind, and it’s definitely possible to live well on a fixed income — the key is careful financial planning and budgeting. Create a Budget It all starts with getting a handle on your income and …

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 hang the retired hat based on things like cost of living, ease of entry, healthcare, insurance and access to amenities, and the Top 10 for 2012 includes some old favorites as well as new picks. [Let's take a look.] Words: 950

Welcome to Wise Bread's rankings of the top retirement advice blogs.

Withdrawing from a $1,000,000 nest egg upon retirement using the familiar 4% rule to generate a successful 30-year inflation-adjusted (3% per annum) retirement proved to be totally inadequate as per the retirement withdrawal strategy that I put forth in a previous article (1). In fact, it crashed and burned in year 25 of the 30-year plan! In fact, as I show in this article, it will only succeed if your portfolio outperforms the S&P 500 by 5% every year for 30 straight years - and what is the likelihood of that? Words: 1533

Beyond wishing for interest rates to bounce back to historic highs, what can you do to help your portfolio produce income into your golden years?

Loll in the lap of inexpensive luxury at any one of International Living's 10 best retirement destinations: North America (1); Central America (2); South America (3); Europe (2); Asia (2) Words: 1155

There may be a case where a reverse mortgage makes sense in very unique circumstances but, in real life, I’ve not seen one yet. If someone you know is considering taking out a reverse mortgage, send them this article and suggest that they get a second opinion.

Are you way behind in saving for retirement, or haven't started at all? Good news: There's a way out of your predicament! Follow these three basic principles religiously and, along with a little luck, you still should be able to achieve your long-term financial goals.

More and more retirees are looking to retire abroad where the sun shines almost daily, the weather is temperate, the lifestyle is enjoyable and the cost of living is a fraction of their current expenses. Have you ever considered Asia? This infographic compares the cost of living, lifestyle and personal safety of 9 countries worth considering. Words: 999; Photos: 5

Just 10 years ago, most Americans felt confident they'd hang up their hat by the time they turned 60. Now the average working stiff expects to retire at age 65 due to the housing crisis and credit crunch, among other nest egg busters....Experts are predicting that the trend will continue, thanks to the Great Recession so, for now, Americans are just focused on keeping their day jobs. When will you retire? Check out the graphic below to find out.