Tag: retirement

If looking ahead to retirement makes you a little nervous, you’re not alone.

Only about half of Americans (51 percent) who haven’t reached retirement predict that they will be financially comfortable once they get there, according to a Gallup survey.

For some, those potentially uncomfortable retirement years are decades away. But for the Baby Boom generation, retirement either already arrived or will in the next decade or so, prompting many Boomers to wonder whether they are prepared for their looming date with destiny.

John was a successful dentist who managed his own money his entire life and prided himself on his financial acumen. When he retired, he saw no reason to change. Instead of kicking back and enjoying a well-earned life of leisure, John became not only financially invested in the markets, but emotionally invested as well; much to the detriment of his personal life—and his money.

John would wake up early and seclude himself downstairs with three screens. He would look at research before the market opened. He would be grouchy when the market closed if he hadn’t done well that day. Even if he went on vacation, he was tethered to Wall Street.

If looking ahead to retirement makes you a little nervous, you’re not alone. Nearly half of Americans (46 percent) who haven’t reached retirement predict that they won’t be financially comfortable once they get there, according to a Gallup survey.

For some, those potentially uncomfortable retirement years are decades away. But for the Baby Boom generation, retirement either already arrived or will in the next decade or so, prompting many Boomers to wonder whether they are prepared for their looming date with destiny.

Anxiety is defined as a feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome. It's future thinking in a negative way. While it’s normal to have concerns from time to time, chronic anxiety leads to loss of appetite, insomnia, compromised immunity and other diseases. Here are five common anxiety triggers and insights and tips for what we can do to get back into ease.

In a world of IRAs, bonds, annuities and investment property, one retirement benefit often gets overlooked, or not discussed at all, by some financial advisers: Social Security.

In retirement, you need to create as much fixed, guaranteed income as you can. Social Security is just as valuable as any of your other assets.

The saying that youth is wasted on the young may be especially true when it comes to saving for retirement. Too many people wait way too long to start thinking about how much they will need to finance their retirement.

In a way, that’s not surprising. Retirement seems so far away when you’re in your 20s and 30s, and it’s easy to think you’ll have plenty of time to worry about saving later.

Many young people have the misconception that as they grow older and advance in their careers they will have more disposable income, giving them the freedom to do what they like and buy what they want. However, as life moves along bills add up, college loans need to be paid, mortgages need to be secured and insurance needs to be kept up to date. Throw in kids and many people find themselves living paycheck-to-paycheck much longer than they ever expected.