Category: retirement

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Best Places to Retire in the USA – Where to Retire Cheap

Is your retirement date coming up in the next couple of years? Is your target-date investment account about to mature? If so, and if you haven’t begun planning your retirement party already, it may be time for you to start looking for that perfect place to call home in your golden years. Where do you want to spend your time? What do you want to do on a daily basis? What kind of money do you have saved and/or are prepared to spend for a new place to live the rest of your life in? While all sorts of questions and configurations can figure into finding your perfect place to retire, thankfully there are many websites that do a lot of the research for you so that you don’t have to spend hours poring over maps and demographics of various towns across America. Two of the preeminent financial sites out there, CNNMoney and Smart Money have recently come out with their latest lists of best places to retire in the U.S., and I figured I would highlight some of their choices and reasons for picking them for those of you approaching retirement age. Let’s take a look…

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retirement
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On Taking Your Social Security Payments Early.

My mom finally called the other day to find out about taking my dad’s social security payments. We have been telling her to look into it now that she is getting close to the retirement age, and I wanted her to find out the different monthly dollar amounts she would receive if she started taking payments now at 65, in a few years at 67, or in 5 years at 70 years old. I am so glad that she called, as after she listened to the guy at the SS office and letting me run some numbers, we decided it was best for her to start taking the payments now rather than waiting a little. While some people think it’s a bad thing to take the payments somewhat early, I figured it was actually beneficial to my mom to do so.

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retirement
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How Good Is Your 401(k)? Test It Out Against Other Plans.

So, want to see just how good your 401(k) is compared to other plans? Well, you might be in luck as a new service called BrightScope should be able to help you out. Here is what the Huffington Post had to say about this service:

Until now, an objective evaluation of 401(k) plans has been extremely difficult because of the complexity of these plans and the cleverly hidden costs which would take a pension actuary to uncover. These excessive fees have dramatically reduced employees account balances. By some accounts, the combination of poor investment options, high expenses and poor planning have caused many plan participants to have a zero return on their 401(k) investments.

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retirement
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My 401K Is Losing Money, What Should I Do?

For most people, you should not do anything. Sit tight, don’t look if it hurts too bad, and keep sending your contributions in from your paychecks. If you have a ways to go before you need the money, you do not have to really worry about anything – the market will rebound eventually and you will be getting even more for each dollar you contribute in the meantime. Buy low, sell high. That is what you are doing, but on an exaggerated level right now.

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retirement
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Top 6 Places To Retire On The Water Without Breaking The Bank.

I just came across this recent article over at Money.com about places that you could retire on the water without spending a fortune and figured I would share it with you guys. If you have any thoughts on any of these please, would love to hear about it in the comments!

Dunedin, FL – 20 miles west of Tampa, 3 bedroom houses go for around $200,000 and condos near the water range from $100,000 to $200,000. I know a lot of people love living in Florida, and my Aunt & Uncle do too, but I don’t know if I could deal with the threat of hurricanes through my retirement!

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retirement
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