The IRS has given us all a New Year’s gift. As of January 1, the tax-deferred contributions on a variety of employee-sponsored, retirement savings plans have been increased, but not for IRAs.

  You never paid attention to the family finances. Suddenly, your spouse wants a divorce. Fortunately, it’s an amicable separation and you agree to split things up equitably. Where do you begin?

  The nation’s workforce has experienced some traumatic events over the past five years. Between the financial crises, global competition and the slow pace of domestic economic growth, is it any wonder that employment in the U.S. is not what it should be? Yet the biggest challenge of all may be right around the corner [...]

You’ve been saving for retirement over these past twenty-five years. Month after month you have put a little away and watched it grow. Now that you are ready to retire, you need to confront an entirely new concept—spending that money.

  More and more Baby Boomers retire each year. One of the questions that trouble them the most is whether they have enough savings to last their lifetime. The answer largely depends on how much they plan to spend each year.

Many retirees, concerned with no longer having a steady paycheck, have asked me for advice on whether to pay off their mortgage early. There is no definitive answer but here are some variables to consider when making a decision.

Only 40% of those who retire find that their quality of life improved. That’s because the majority of Americans, especially men, fail to understand that retirement can have a sudden and stressful impact on their lives and especially their marriage. Don’t let this happen to you. Remember that throughout history, most people worked until they [...]

  Over the next decade roughly 75 million Americans will retire. While most of us are well-aware of the need to plan, save and invest for that momentous moment, very few of us are actually prepared for the non-financial challenges of retirement itself.

Many of us yearn for the day we can retire and live the good life. However, too many Americans plan to retire at age 62 simply because that is when they become eligible to collect Social Security. That might not be a good idea in the majority of cases.

True Confessions

Money holds a great deal of power over us. For many, it is a symbol of worth, competence, freedom, prestige, masculinity, control and security. No wonder most of us have such a hard time talking about ours.