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If you stop working because you lose your job or you make the decision to retire early, it’s important to consider the different avenues for getting medical insurance coverage. For many people, the shock of how much the full payments will be, compared to the lesser amount they had to contribute while they were employed, is enough to make them give up medical coverage, but there are definitely better ways. About.com lists the possibilities in the following order of priority: (more…)

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Everyone with investments has been feeling the heat, their stomachs sinking each time the Dow dips another hundred points. But instead of double-guessing your investment decisions and diving into panic mode, Money Magazine recommends that you focus on your long term goals in relation to your investments. (more…)

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Scary stuff from a recent CNN report about the inevitability that taxes will rise: Janice Revell from the Money Magazine is sure that taxes have been cut too much, too quickly and historical analysis makes it look like this is a situation that can’t last. She thinks proof is there even as recently as 1980 when tax rates for the top tax brackets were double what they are today. (more…)

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Asking yourself if you’re on the route to having enough money to comfortably retire is not only responsible, but necessary. You know how much you have in your 401(k), IRA, and savings account, you know how much Social Security you’ll receive and what your pension will look like, but you need to look at several puzzle pieces determine whether you have enough to retire. (more…)

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A recent post at CNN Money had a lot of useful information for Americans who are either approaching retirement or who are younger and working and should be thinking more about how to fund their retirement. The three key points they made were: (more…)

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Middle-aged couples often find themselves in a tricky dilemma – although they might be financially stable at the moment, they’ve got a couple of kids about to hit college, and they still have to keep an eye on their own retirement in 15 or 20 years’ time. A recent CNN case study gave a great example of a family facing this dilemma, and came out with a few useful tips that we can apply more generally.

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When you’re planning your retirement – and some of us dream about finishing work from practically the first day we start – it can be complicated to think about how you will fund it. A Gallup survey found there are ten main sources of income for retirees, with some being more significant than others. Have a look at the list and consider where your retirement income is going to come from: (more…)

It seems like an odd concept: you spend most of your life paying off your mortgage so that you own your home. Then, when you retire, you can do the exact opposite - take a reverse mortgage and have the bank pay you instead.

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If your retirement is lurking just around the corner, you may be worried about how you’re going to pay for it. With an economy on the downturn, it’s important to choose a location that will be a good investment as well as one that will meet your medical, safety, and cost-of-living needs, to name a few. To help you with your search, Money Magazine suggest 7 places to retire during an economic downturn.

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