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.

    Buy outs and early retirement packages are increasingly becoming a part of the American landscape. Not a day goes by when some group of employees somewhere are offered financial incentives to retire early. If it happens to you, this is what you should consider.

If you still have your money invested in your former employer’s retirement plan, you may want to rethink the wisdom of that decision. Time and again, retirees, or those saving toward retirement, take the easy way out and do nothing. That could be a big mistake.

  As most of us resolve to lose weight, quit smoking or in some other way change our lives this year, don’t forget to reevaluate where you stand financially. There are some simple steps you can take that will reshape your fortunes for years to come.

  Over the last decade, online enrollment in college classes has exploded. Many hope that it will ultimately help reduce the burgeoning future costs of a college education. The evidence, thus far, indicates that we have a long way to go.