This may seem like an obvious point, but successfully planning for retirement has always required managing two sides of the household balance sheet: building savings and managing debt.
Two recent reports highlight how the debt side of the retirement balance … Read more
Our mothers always taught us that “everyone else is doing it” isn’t a good reason to do something. But when it comes to IRA contributions, it looks like “everyone else” may actually be right.
Retirement is expensive. IRAs are one … Read more
If you’re not a retirement savings “geek” like me, you may have missed the news that the IRS increased contribution limits for IRAs this year. It’s the first increase we’ve seen since 2008. In 2013, the limits increase to $5,500 … Read more
A few weeks ago, I competed in the season-ending doubles championship at a local tennis club. In the first round, my partner and I lost a tough three-setter to a talented father-son duo.
Now in his 80s, the father had … Read more
I’ve been spending a great deal of time with 80- and 90-year-olds recently. My mom (now in her mid-80s) just moved to a new retirement community, and so it’s been a wonderful opportunity to observe older retirees in a personal … Read more
I just finished watching a new documentary on 401(k) plans. It was intended to be an exposé of sorts. The program combined criticisms of the U.S. retirement system and financial services industry with sinister music for added drama. After I … Read more