Stop Fooling Yourself over Retirement

Stop Fooling Yourself over Retirement Retirement is an increasingly worrying subject of debate in the USA. The Social Security System which was never designed to do anything other than support people in their retirement is itself under threat. At present the average monthly benefit is around $1,350, above...

What if My Partner and I Disagree About Retirement Savings?

What if My Partner and I Disagree About Retirement Savings? Marriage and other romantic relationships are about balance. Your spouse might be a dedicated introvert, while you can light up any room. Or maybe you love yard work, while your spouse would rather expend their efforts on the family car. These differences help keep...

How to Be Able to Retire at 55

How to Be Able to Retire at 55 Retiring early is a lucrative option unless you are in love with your profession. I believe, 55 is a good age to take retirement from work and enjoy time with family and friends. But make sure, you are financially strong enough to enjoy your retired life to the...

Roth vs. a Traditional IRA

Roth vs. a Traditional IRA Alright, I’ll admit it, I don’t have a Roth IRA. I have a regular IRA instead. I’ve been considering jumping on the Roth bandwagon, but wanted to check things out for myself first. So I went and took a look at the IRS’s Publication 590,...

Making your money last in retirement

Making your money last in retirement is similar in many ways to making your money last when you’re not retired. But, there are a few differences. The obvious one is that you don’t have the option of replacing money that you’ve spent, at least not...

Put yourself in lukewarm water

There’s a story that goes like this: Put a frog in a pot of hot water & it’ll jump out. Put it in a pot of lukewarm water and gradually turn up the heat, and it’ll sit there til it dies. The idea is that the frog won’t notice things are...

SIPP factsheet – planning for your future

A SIPP, or self-invested personal pension to give its full title, is a pension scheme that gives you the freedom to decide exactly how your pension fund is invested. As the name suggests, you make all the decisions yourself and have the flexibility to pick and choose...

Oh I’ll just work forever

You’ll hear it now and then — someone who says “Oh I’ll just work forever” when asked about their retirement plan. That’s their entire plan: just to keep on working. Now there’s nothing wrong with working. Some people enjoy...