A recent article in Money Magazine provided some interesting statistics. A group of people was asked how they felt the economy would impact their lives. From questions about children to retirement and family life, the results were interesting to read. 53% of Americans aren’t sure their kids will be better off than they are. How […]
My friend Alex, at age 56, has made very little plans for his retirement. He also believes that he is too old to start. In a recent conversation with him, I learned: He has very little (if any) retirement investments and is not currently saving any appreciable amount. He will still be making house payments […]
Picture Dave, a 52 year old father of three who plans on working until he can no longer stand to work. He really hasn’t saved much for retirement and has a mortgage payment of $1,200 with $50,000 left on the mortgage. He and his wife have approximately $40,000 in savings and investments and he is […]
The traditional view of retirement — working for the same company your entire career and then retiring to draw a lifetime pension — is a thing of the past. Yes, some government workers continue to retire with paid pension plans, but as states and municipalities continue to fight for survival, these pension plans will also […]
I recently received a delightful letter from a college student who wanted my advice about investing for retirement. I say delightful because I simply don’t get many money management for college students requests, especially about retirement planning.