10 Ways to Screw up Your Retirement

Retirement Planning

Many well intentioned people make a variety of mistakes when it comes to planning for their retirement. Sometimes you can be subject to forces beyond your control, like a stock market crash, illness, or accident but if you are prepared the effects will be minimal compared to what would happen if you aren’t prepared.

In today’s article Dennis Miller looks at 10 ways many people are sabotaging their retirement without knowing it. Are you making one of these mistakes?

6 Things Retirees Should be Grateful For

Retirement

By Dennis Miller Over-consumption of mass media can cause emotional whiplash. So, I unplugged from mass media and cleared some head space to consider what my fellow retirees and I have to be grateful for. The annual gift tax exclusion and the combined lifetime exemption. I will die a happy man if I never have to fill out […]

Nursing Home Versus Home Health Care

Long Term Care

Often as people age, they reach a point when they can’t care for themselves due to their health, physical limitations or risk of falling. They need assistance. Sometimes it is just for medications and regular health status checks such as blood pressure or glucose. Other times, they need more help, such as with personal care […]

Costs Associated With Home Health Care

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Studies across the country estimate that at least 70 % of people, over the age of 65, will need some form of long-term health care or support services in the future, given the longevity of life in present times. Caregiving is usually an emotional strain, taking a toll on the health and emotional balance of the caregiver. […]

Must Know Information About Annuities

Annuities

Annuities are amazing financial products. They let you kick back, relax, and stop worrying about your retirement savings. An insurance company takes over management of your funds, and guarantees a monthly income for life. But just because annuities are great products doesn’t mean all annuities are right for you. There are actually several different ways […]

Reasons People Aren’t Buying Annuities (And Why they Should)

Relaxing Retired Couple

Annuities are a way of investing your money so that you are guaranteed to receive a set income for the rest of your life. Many financial experts champion these financial products as a realistic portion of your retirement plan. However, many people who should be buying them aren’t opting to do so. Less than $200 billion of […]

The Impact of the American Taxpayer Relief Act On Your Retirement Savings

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The fiscal crisis of 08’ brought a number of changes in our personal finance. Most importantly, retirement savings became a focal point of discussion. The most important regulation enacted by Congress since the fiscal cliff was the American Taxpayer Relief Act of 2012 which was signed into law on January 2, 2013. The Act gives permanence to […]

Is There a Magic Retirement Number?

Retirement

Have you gone online and tried one of those “Retirement Calculators” to determine your “magic retirement number”?  When you are young you might fully believe that if you hit that number, you are assured of living the retirement of your dreams. But what they don’t tell you is that a number of assumptions have gone […]