Entities that offer people credit dangle the enticement of buying now and paying later. That sounds pretty good...but when you pay later the price that you pay may be considerable. Indeed, it could cost you your retirement. Kicking debt down the road in one way or another is a perilous course of action. You may get it into your head that you will always have time to pay off your debt slowly as your cash flow permits. But along the way other shiny objects may get your attention. So, you may … [Read more...] about Heavy Debt Can Delay Retirement
retirement planning
Long Term Error Yields Harsh Results
If you look at some recent polling that was conducted by the Association Press in partnership with LifeGoesStrong.com you find that a significant percentage of baby boomers are not properly prepared for retirement. Approximately 25% of the people who participated said that they would never be able to retire because they did not have the financial resources to do so. There are some mistakes that you can make that are not all bad because you learn from them. However, a failure to plan ahead for … [Read more...] about Long Term Error Yields Harsh Results
Long-Term Care Alternative
A significant percentage of senior citizens are going to require living assistance at some point in time. This is a stark reality and it is wise to understand and accept this fact and make preparations regarding what you would do in the event that you need help with your day-to-day needs. The first thing that may come to your mind would be to enter a nursing home or assisted living community. This is of course a viable option, but there are some pitfalls involved. One of these would be the fact … [Read more...] about Long-Term Care Alternative
MetLife Updates Long-Term Care Cost Statistics
Planning for the future involves anticipating expenses, and it is a good idea to take this very seriously and pragmatically. You want to have solid numbers to work with, and you also want to remove the rose-colored glasses when you're working with them. The last thing you want is to be overly optimistic and find yourself in a difficult position when you are reaching an advanced age. With the above having been stated, Americans who are planning for their elder years should understand just how … [Read more...] about MetLife Updates Long-Term Care Cost Statistics
Most Seniors Traverse A Two-Fold Path
Far too many people do not plan ahead effectively for retirement, but the good news is that a lot of people are proactive about it and they have very specific ideas about how they want to spend their time eventually. This is fantastic and goal setting is what it's all about. When you can get excited about what lies ahead if you stick to an intelligently conceived plan, you have the motivation to stay focused and disciplined. The above having been stated, a lot of people don't like to think … [Read more...] about Most Seniors Traverse A Two-Fold Path
Statistical Realities Demand Action
There is a famous scene in the movie A Few Good Men when Jack Nicholson says quite dramatically "You can't handle the truth!" When it comes to making preparations for the eventualities of aging, it is a good idea to be realistic and come to terms with the realities that you may be facing. If you are prepared should a particular scenario arise the matter will be far easier to address, and this is what intelligent advance planning is all about. With this in mind you would do well to be aware of … [Read more...] about Statistical Realities Demand Action
Do Earnings Affect Retirement Benefits?
A lot of people really enjoy doing what they do and they have every intention of continuing to work after they become eligible to receive Social Security. This can get you to wondering if there are any penalties involved in doing so, and it is indeed a good question. People who were born between 1943 and 1954 become eligible to receive their full Social Security benefits when they turn 66 years of age. The full retirement age in a Social Security context then rises by two months per year … [Read more...] about Do Earnings Affect Retirement Benefits?
Long-Term Planning & Military Service
Individuals who decide to serve their country by joining the military take on a huge responsibility and invariably go through a lot of things that the typical American never experiences. They are away from their families for extended periods of time in many cases and of course many of our service members find themselves in harm's way. A military career is challenging to say the least, but there are certain benefits that veterans are entitled to that can be utilized to great advantage when you … [Read more...] about Long-Term Planning & Military Service
2012 COLA For Social Security Recipients
When retirement planning attorneys emphasize how important it is to make preparations for the future they do so for a very good reason. They are aware of the statistics and they know what happens to people who go through life with their heads in the sand hoping for the best. If you have not looked into the subject you may not realize that entitlement programs for seniors are not a cure-all. Some people pass away and others become eligible for Social Security on a daily basis, so the exact … [Read more...] about 2012 COLA For Social Security Recipients
Debt Reduction & Retirement Planning
They say that time flies, and it tends to do so much faster as you get older. This is something to keep in mind if you want to be able to retire someday. Retirement is not something that you are guaranteed. To break it down to its simplest form, just about everybody works because they can't afford not to. So you're going to have to be able to finance your lifestyle without working if you want to retire, it's as simple as that. And the vast majority of people are going to have to engage in some … [Read more...] about Debt Reduction & Retirement Planning
