Congress has passed, and the President has signed, a spending bill that includes the SECURE Act, which makes a number of changes in retirement planning rules....more
Ages 25, 30, 35, 40 – save more spend less - Save as much as possible on a pre-tax or tax-advantaged basis - (Why think about retirement at these young ages? Because, with a little luck, you’ll be old someday)....more
An article in the September 4, 2018 Wall Street Journal discusses the question of what people will spend in retirement. Its author is connected with something called the Center for Advanced Hindsight, which I suppose is...more
A recent program presented by the Probate and Trust Law Section of the Philadelphia Bar Association offered suggestions on a safe withdrawal rate from accumulated assets during retirement. After much analysis, the author...more
The more articles and blogs I write about planning for retirement, the more advice I get from people who have retired or are in the planning stages. Since the concept of retirement is still a mystery for many, I thought I...more
A recent article in the New York Times describes some choices made by professionals of unique forms of retirement. Each of the individuals profiled in the article stopped what they had been doing for many years, but continued...more
Many people hope to make up for not saving enough for retirement by just saying: "I'll work past retirement age" or "I'll never retire". A recent report from the Employee Benefit Research Institute on its 2017 Retirement...more
No; of course not. Some people choose to continue to work full-time after reaching what many would consider retirement age, such as 65. And more than a few people have to work. But others look forward to the absence of daily...more
There is so much being written about retirement these days, in large part because of the bulge of baby boomers now reaching and past retirement. My experience has been that many people fear retirement, because they think it's...more
As we enter the beginning of a new administration in Washington, many provisons of federal law are being considered for possible changes. At this point (January 28, 2017) it's not possible to say what will be changed and...more
The Social Security Administration has announced changes for 2017. Social Security benefit payments will increase by .3% (3/10s of 1%) next year. The Social Security Wage Base, the amount of income subject to Social Security...more
Important decisions in planning retirement income and expenses can be made at seven ages, and the decisions made at those ages can have a substantial effect on the quality of retirement....more
Despite the extensive information available from many sources about retirement planning, many people remain puzzled and disconnected from that type of planning....more
Over the past 30 years, a dramatic change has taken place in the use of retirement plans to help people save for their later years....more
Another feature of the Baby Boom Generation moving into retirement is the plethora of books written on the subject. Retirement for Dummies is part of the Dummies series of books on how to do everything. Of course, it’s very...more