Defined Benefit Pension Plans and Retirement

In days past, if you were fortunate, your full time job included what is known as a defined benefit pension plan. Your ‘benefit’ was determined, or defined, by how long you worked for that employer, your age when you retired, and how much you were making when you retired. That last element might have been …

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6 Regrets to Avoid in Retirement

Are you feeling lucky? As you reach the end of the road, worrying about what might have been has little purpose. Before you get there, you’ll likely pass through three phases. I refer to them as the the GO-GO years, the SLO-GO years, followed by the NO-GO years. When the average life expectancy for a …

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The Coming Pension Crisis Is So Big That It’s A Problem For Everyone

If I believed it was so, I’d be writing that there’s no retirement problem looming over us. But there is a problem, and you and I alone cannot fix it. I’m not sure it’s fixable. All we can do is be aware of it and at a personal level, figure out ways to survive it. …

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When it Comes to Retirement, Small Businesses Are Failing Their Employees

My Comments: Very few of us are awash in money. And like it or not in 21st Century America, having more money is almost always better than having less money. If you own a small business or work for one, your future financial security is always in doubt. Criticize me if you will, but my …

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1 in 3 Retirees Would Rather Live Elsewhere

My Comments: I had no idea so many of us didn’t plan ahead in terms of where to live. You'll find this issue addressed as one of the 8 primary questions that appear in Successful Retirement Secrets, my online retirement planning school. What follows is a helpful list of criteria as you think about your …

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Warning: Many Face Nearly Impossible Task of Financing 30 Years of Retirement With 40 Years Of Work

My Comments: Yesterday, I talked about the need for new people to enter the work force. Today I'm talking about people who cannot leave the work force. There are an increasing number of baby boomers who cannot leave the work force because they simply don't have enough money. It presents an untenable outcome: die sooner …

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The Most Overlooked Issue In Retirement Planning

My Comments: I’ve written life insurance policies on men, women and sometimes children for over 40 years. In almost every instance, objectivity was hard to come by. The idea of death is difficult to talk about, especially when it’s about your death, or those you love. As I’ve aged and come to terms with my …

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